Published Date: 12/03/2025
- We expect aggregate earnings of banks under our coverage will accelerate 17.7% and 19.7% YoY over FY25-26F.
- We prefer CTG, VPB and BID thanks to (i) credit growth benefits from public investment and retail consumptions; (ii) slighter provisioning buffer due to high provisioning in the last few years, and (iii) attractive valuation.
