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VCSC Daily - Financials extend rally on positive bank results - CTG, MSN, VCB

CTG: announces encouraging results for 2016. CTG today announced some headline numbers of consolidated 2016 results. Credit growth was 18% and total credit outstanding reached VND720 trillion (USD32 billion). Deposit growth outperformed credit growth at 21%, amounting to VND862 trillion (USD38 billion). The bank has continued to push retail lending in 2016, with high retail loan growth of 35%.