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STB - With Goldilocks economy, legacy debt cleared by mid-2020 - Earnings Flash

STB released consolidated results for H1 2018 with the bottom line totalling VND768bn (USD33mn, +82% Y-o-Y). Annualized ROAA and ROAE were 0.4% and 6.5%, respectively. Core business performance and CIR continued to see tiny improvements.