In the previous news, Agriseco stated that Sacombank has confirmed the successful auction of Phong Phu Industrial Park with a value of over 7.9 trillion VND and is waiting to receive payment. This will help Sacombank increase its profitable assets and create a high growth potential in the upcoming period.
Agriseco evaluates that Sacombank’s profit prospects for 2024 will continue to maintain its growth momentum. Sacombank will achieve a higher credit growth rate (after provisioning remaining unresolved assets in 2023) in the context of a more positive macroeconomic recovery.
After completing the financial obligations in the Restructuring Project in 2023 and expediting the auction progress of 32.5% of STB shares at VAMC according to schedule, the earliest completion will be in the second quarter of 2024.
“STB is expected to successfully auction Phong Phu Industrial Park in 2024, helping STB increase its profitable assets and create a high growth potential in the upcoming period”, information was corrected in the news on 20/02/2024.
