With the flexibility to operate the business, taking advantage of the favorable market conditions in the first quarter of 2024, EVF has deployed business activities with a reasonable capital structure. The business results in the first quarter of 2024 showed strong growth compared to the same period in 2023. Profit before tax increased by nearly 55% compared to the same period. Net interest income achieved impressive results at VND 375.4 billion, nearly 5 times higher than the same period. Net interest income from service activities increased by nearly 30%, reaching VND 23.2 billion.
At the end of the first quarter of 2024, EVF’s total assets reached VND 47,987 billion, of which the loan portfolio reached VND 31,257 billion, accounting for 65% of total assets. Total mobilized capital from customer deposits reached VND 3,447 billion, increased by 15% compared to December 31, 2023; mobilized capital from certificates of deposit increased by about 6% compared to the beginning of the period, reaching VND 18,449 billion. EVNFinance always ensures safety ratios, with a bad debt ratio of 1.41%, a capital adequacy ratio of 15.65%, much higher than the minimum ratio (9%) prescribed by the State Bank.
In the first quarter of 2024, EVF successfully organized the 2024 Annual General Meeting of Shareholders. The Congress has approved the contents of the issuance of shares for dividends in shares, 8%; Issuance of shares to employees under the 2024 employee stock option program; Change the maximum foreign ownership ratio of EVF; Approve the choice of EVF’s development strategy towards integrating sustainability factors into business operations.
