VIETTIN BANK’S BOND – CTG121030

Bank Information

VietinBank is Vietnam’s national commercial bank, playing a pivotal and key role in the economy, accompanying and serving the country’s development. VietinBank always takes SAFETY – EFFICIENCY – SUSTAINABLE as their development goal all over the time.

VietinBank is rated “Positive” by two rating agencies, Moody’s in 2023 and FitchRating in 2022.

Financial Situation

By the end of 2022, ViettinBank is the third largest bank in capital among commercial banks listed on the stock market, reaching VND 108,168 billion. The bank’s total assets reached VND 1,808,430 billion, an increase of 18.1% compared to 2021. Profit before tax was VND 20,946 billion, an improvement of 19.1% compared to the previous year.

The bank has the bad debt ratio that is always controlled below 1.5% and is in the group of banks with a relatively low bad debt ratio. Liquidity has always been maintained at a good level, liquidity reserve ratio increased from 13.3% in 2021 to 15.1% in 2022. Loan debt/Total deposit ratio (LDR) is maintained at the allowable level.

ViettinBank (Tỷ VND)	2020	2021	2022	Ghi chú
Capital	85,439	93,650	108,168
Total asset	1,341,510	1,531,587	1,808,430
Net profit	17,120	17,589	20,946
Capital Adequacy Ratio (CAR)	10.79%	9.14%	8.99%	Regulatory complied
Liquidity reserve ratio	12.3%	13.3%	15.1%	Regulatory complied
Debt/Total deposits ratio	86.1%	81.9%	81.8%	Regulatory complied

Bonds Information

Issuance Scale	VND 3.020.710.000.000 (3,020 bil VND)
Issue Date	18/11/2021
Maturity Date	18/11/2029
Term	8 years
Coupon payment term	Annually
Coupon interest	6,15%/year at current period
Issuer buys back before maturity	18/11/2024 * The remaining term of the Bond is November 18, 2024 Coupon is paid till this point of time. * In case the issuer does not buy back before maturity, investors can keep bonds. until maturity or sell bonds back to Pinetree at the price as announced by Pinetree from time to time.

* Pinetree only offers liquidity support for the bonds distributed by Pinetree.

** Pinetree’s liquidity support service will be offered at an appropriate call price based on market conditions and the company’s policies throughout the maturity of the bonds.

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