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CTG - Resolved legacy issues to boost bottom line this year - Earnings Flash

CTG released results for Q1 2018 with a consolidated bottom line at VND2.4tn (USD107mn, +20% Y-o-Y) and annualized ROAA and ROAE were 0.9% and 15.0%, respectively. We do not foresee changes to our rating for the bank in the next update.