Sai Gon Thuong Tin Commercial Joint Stock Bank has explained the consolidated financial statement for Quarter 3/2022:

• Profit after tax of Q3.2022 was 1.211.6 billion dongs, increased by 571.9 billion dongs compared to the Quarter 3/2021 due to the following reasons:

a) Net profit increased by 2,449 billion dongs because:

 + Profit and other incomes increased by 2,892.9 billion dongs.

• The lending balance increased by 63,980 billion dongs, so the gain from lending increased by 2.747.2 billion dongs;
• The deposit at credit increased by 10,454 billion dongs compared to the same period of last year, so the gain from deposit increased by 85.5 billion dongs;
• The debt securities investment decreased compared to the same period of last year, so the gain from debt securities investment decreased by 27.5 billion dongs;
• Other gains increased by 87.7 billion dongs.

+ Expenses for deposit and borrowing increased by 443.9 billion dongs.

• The deposit of customers increased by 56,540 billion dongs compared to the same period of last year, so the deposit interest expense increased by 392.5 billion dongs;
• Borrowing from other credit institutions increased by 3,058 billion dongs compared to the same period of last year, so borrowing interest expense increased by 54.6 billion dongs.
• Other expenses decreased by 3.2 billion dongs.

b) Other income increased by 406.8 billion dongs compared to the same period of last year. In particular, the net income from service activities increased by 441.6 billion dongs; net income from the foreign exchange trading increased by 69.4 billion dongs; net income securities trading decreased by 70.8 billion dongs; income from capital contribution to buy shares decreased by 35.2 billion dongs; income from the other activities increased by 1,8 billion dongs.

c) Other expenses increased by 2,283.9 billion dongs. In particular, the provision for credit increased by 1,475.2 billion dongs; the operating expense increased by 673.3 billion dongs; the corporate income tax expense increased by 135.4 billion dongs.

Therefore, - (a) + (b) – (c) = 571.9 billion dongs.