EIB: Explanation for profit of Quarter 4/2013
Vietnam Export Import Commercial Joint Stock Bank (Eximbank) explained fluctuations in business results of Quarter 4/2013:
- Financial Statement in Quarter 4/2013 of parent company: Unit Quarter 4/2012 Quarter 4/2012 2013 2013 Rate (%) Profit after tax Million dongs -222,990 311,842 651,648 2,117,290 -69.22 - Consolidated Financial Statement in Quarter 4/2013: Unit Quarter 4/2012 Quarter 4/2012 2013 2013 Rate (%) Profit after tax Million dongs -221,618 313,277 657,966 2,138,655 -69.23 Reason: - Eximbank decreased loan interest rates, leading net revenue decreased 42.3%. - Eximbank made a provision for credit losses: VND81 billion - Accounting losses from closing business gold in the first half of 2013: VND180 billion
- Financial Statement in Quarter 4/2013 of parent company:
Unit
Quarter 4/2012
2013
Rate (%)
Profit after tax
Million dongs
-222,990
311,842
651,648
2,117,290
-69.22
- Consolidated Financial Statement in Quarter 4/2013:
-221,618
313,277
657,966
2,138,655
-69.23
Reason:
- Eximbank decreased loan interest rates, leading net revenue decreased 42.3%.
- Eximbank made a provision for credit losses: VND81 billion
- Accounting losses from closing business gold in the first half of 2013: VND180 billion
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