Direct credit reading is still thin, but reserve buffer is the more notable signal now, having slipped to 1.16% of gross loans.
Reserve buffer on gross loans is around 1.16%. LDR stands at 91.6%.
Credit reading currently relies mainly on credit cost and reserve buffer; NPL, group-2, and bad-debt coverage signals will be added next.
Watchpoints
Reserve buffer thinning
Provision-to-gross-loans is declining quarter over quarter, suggesting a thinner loss-absorbing reserve buffer.
Key signals
Credit cost
0.70%
+0.1pp
Reserve / Gross loans
1.16%
−0.1pp
LDR
91.6%
−0.6pp
2026Q1
Is interest margin sustainable?
Interest Margin Quality
▼▼
Is spread coming under pressure?
Spread is under pressure from funding costs, with funding cost at 4.12%.
In the period, NIM reached 2.45%, −0.3pp YoY; asset yield was 6.57%, +0.3pp; while funding cost was 4.12%, +0.6pp. This suggests spread has become less favorable than before, though not yet in a clearly deteriorating two-sided way.
Watchpoints
NIM is in a low zone
NIM stands at 2.45%, leaving less room on spread.
Funding cost is elevated
Funding cost is 4.12%, pressuring net interest margin.
Key signals
NIM
2.45%
−0.3pp
Asset yield
6.57%
+0.3pp
Funding cost
4.12%
+0.6pp
2026Q1
Earnings Mix
▼▼
Is profit coming from core or supporting income sources?
Earnings mix should not be read as balanced, with CIR at 61.2% and only a very thin share of operating income left as bottom-line profit.
Nii accounts for 86.0% of toi, fee income is 1.9% of toi, other income is 7.1% of toi, cir stands at 61.2%, net profit equals 10.7% of toi.
Watchpoints
CIR is elevated
CIR stands at 61.2%, suggesting cost discipline still needs work.
Fee-income base is thin
Fee income currently contributes only 1.9% of total operating income.
Key signals
NII / TOI
86.0%
+4.0pp
Fee / TOI
1.9%
−1.4pp
Other income / TOI
7.1%
+0.5pp
CIR
61.2%
+2.9pp
2026Q1
Is liquidity safe?
Funding & Liquidity
●
Are funding and capital buffers sufficiently safe?
Funding and liquidity look more balanced, with LDR at 91.6% while customer funding share is improving.
Ldr stands at 91.6%, equity equals 9.8% of assets, customer funding accounts for 76.7% of interest-bearing funding, market funding accounts for 23.3%.
Key signals
LDR
91.6%
−0.6pp
Equity / Assets
9.8%
+0.3pp
Customer funding
76.7%
+2.3pp
Market funding
23.3%
−2.3pp
2026Q1
Profitability Quality
▼▼
What is sustaining current profitability?
Profitability should be watched more closely, with ROAA at 0.29% and ROAE at 2.86%.
Net income on average earning assets is 0.30%, nim stands at 2.45%, credit cost is 0.70%, cir stands at 61.2%, average leverage is around 9.98 times.
Watchpoints
ROAA is low
ROAA stands at 0.29%, suggesting returns on assets are still soft.
ROAE should be watched
ROAE currently stands at 2.86%.
Key signals
ROAA
0.29%
−0.2pp
ROAE
2.86%
−1.6pp
NI / Avg EA
0.30%
−0.2pp
Quarterly provision
VND 319bn
−68.4% QoQ
2026Q1
Investment Takeaway
EIB bank investment takeaway — spread compression. [Placeholder for EN translation.]
[Placeholder for EN evidence line 1.]
[Placeholder for EN evidence line 2.]
[Placeholder for EN conclusion.]
Statement Data
Item
2025
2024
Interest Income and Similar Income
15,522.0
13,234.1
Interest Expense and Similar Expenses
9,542.3
7,310.6
Net Interest Income
5,979.7
5,923.5
Fee and Commission Income
1,803.6
2,165.9
Fee and Commission Expenses
1,563.1
1,085.6
Net Fee and Commission Income
240.5
1,080.3
Net Gain/(Loss) from Foreign Currencies and Gold Trading
580.1
673.8
Net Gain/(Loss) from Trading Securities
31.9
—
Net Gain/(Loss) from Investment Securities
-27.0
-68.5
Other Income
682.8
1,079.1
Other Expenses
198.1
132.0
Net Other Income
484.7
947.1
Income from Capital Contribution and Long-term Investments
1.6
1.4
Operating Expenses
4,253.4
3,400.1
Operating Profit before Provision for Credit Losses
3,038.2
5,157.5
Provision for Credit Losses
1,526.4
969.1
Profit Before Tax
1,511.8
4,188.4
Current Corporate Income Tax Expense
374.9
861.8
Deferred Income Tax Expense
0.0
-0.2
Corporate Income Tax
374.9
861.6
Net Profit After Tax
1,136.9
3,326.8
Net Profit Attributable to the Equity Holders of the Bank
1,136.9
3,326.8
Earnings per Share
610.00
1,786.00
Item
2025
2024
Cash, Gold and Precious Stones
2,135.9
2,096.0
Balances with the State Bank of Vietnam
6,358.5
4,335.5
Placements at and Loans to Other Credit Institutions
42,348.3
29,829.6
Placements at Other Credit Institutions
42,348.3
29,829.6
Trading Securities
—
3,031.4
Trading Securities (Gross)
—
3,031.4
Derivatives and Other Financial Assets
129.9
291.9
Loans, Advances and Finance Leases to Customers
181,901.8
163,385.7
Loans, Advances and Finance Leases to Customers (Gross)
184,215.9
165,154.9
Provision for Losses on Loans, Advances and Finance Leases to Customers
-2,314.1
-1,769.2
Debt Purchased
10,543.7
794.0
Debt Purchased (Gross)
10,623.4
800.0
Provision for Debt Purchased
-79.7
-6.0
Investment Securities
22,782.3
29,119.2
Available-for-sale Securities
6,854.7
13,506.6
Held-to-maturity Securities
16,099.0
15,849.8
Provision for Diminution in Value of Investment Securities
-171.4
-237.2
Fixed Assets
3,852.2
3,775.8
Tangible Fixed Assets
1,136.5
1,109.2
Tangible Fixed Assets Cost
2,715.9
2,573.0
Accumulated Depreciation of Tangible Fixed Assets
-1,579.4
-1,463.9
Intangible Fixed Assets
2,715.7
2,666.7
Intangible Fixed Assets Cost
3,187.1
3,069.9
Accumulated Depreciation of Intangible Fixed Assets
-471.4
-403.2
Other Assets
3,217.8
3,108.8
Accounts Receivables
1,308.5
1,364.6
Interest and Fee Receivables
1,593.5
1,540.6
Deferred Income Tax Assets
20.7
20.7
Other Assets (Miscellaneous)
761.1
648.9
Provision for Risks in Other Assets
-466.0
-466.0
Total Assets
273,270.4
239,768.0
Due to Government and Borrowings from the State Bank of Vietnam
4,389.2
2,079.5
Placements and Borrowings from Other Credit Institutions
40,908.1
29,670.3
Placements from Other Credit Institutions
30,835.2
22,067.9
Borrowings from Other Credit Institutions
10,072.9
7,602.5
Deposits from Customers
177,303.9
167,447.6
Valuable Papers Issued
20,067.7
10,864.5
Other Liabilities
4,595.2
4,606.6
Interest and Fee Payables
2,943.9
2,119.4
Other Liabilities (Miscellaneous)
1,651.3
2,487.2
Total Liabilities
247,264.1
214,668.6
Capital and Reserves
26,006.3
25,099.4
Capital
18,781.6
18,781.6
Charter Capital
18,688.1
18,688.1
Share Premium
156.3
156.3
Reserves
3,789.9
3,562.2
Undistributed Earnings after Tax/Accumulated Loss
3,434.9
2,755.6
Total Liabilities and Equity
273,270.4
239,768.0
Item
2025
2024
Receipts from Interest and Similar Income
15,215.6
12,911.2
Payments for Interest and Similar Expenses
-8,871.4
-7,731.2
Receipts from Fee and Commission Income
675.5
680.3
Net Cash Inflow from Trading Activities in Foreign Currencies, Gold and Securities
603.7
650.0
Receipts from Other Income
45.9
346.8
Receipts from Collection of Written-off Debts
472.2
834.2
Payments for Staff Costs and Operating Expenses
-4,166.9
-3,147.8
Corporate Income Tax Paid
-729.7
-690.2
Cash Flow from Operating Activities before Changes in Operating Assets and Liabilities
3,244.7
3,853.3
(Increase)/Decrease in Trading Securities and Investment Securities
8,398.4
-24,200.4
(Increase)/Decrease in Derivatives and Other Financial Assets
135.0
-291.9
(Increase)/Decrease in Loans and Advances to Customers
-28,884.3
-25,506.0
(Decrease)/Increase in Provisions for Damages
-982.8
-729.7
(Increase)/Decrease in Other Operating Assets
107.5
-122.8
Increase/(Decrease) in Due to Government and Borrowings from State Bank
2,309.7
2,059.6
Increase/(Decrease) in Placements and Borrowings from Other Credit Institutions
11,237.8
13,306.5
Increase/(Decrease) in Deposits from Customers
9,856.2
11,118.5
Increase/(Decrease) in Valuable Papers Issued
9,203.2
8,864.5
Increase/(Decrease) in Derivatives and Other Financial Liabilities
27.0
-230.8
Increase/(Decrease) in Other Operating Liabilities
-703.6
649.2
Payments from Reserves
-0.0
-0.1
Net Cash Flows from Operating Activities
13,948.7
-11,230.1
Purchase of Fixed Assets
-450.2
-300.3
Receipts from Disposal of Fixed Assets
45.8
5.2
Dividends and Profit Received
1.6
1.4
Net Cash Flows from Investing Activities
-402.7
-293.7
Dividends Paid and Profits Distributed to Owners
—
-522.3
Net Cash Flows from Financing Activities
—
-522.3
Net Cash Flows during the Period
13,546.0
-12,046.1
Cash and Cash Equivalents at Beginning of the Period
37,296.8
49,342.8
Cash and Cash Equivalents at End of the Period
50,842.7
37,296.8
Item
Q1'26
Q4'25
Q3'25
Q2'25
Q1'25
Q4'24
Q3'24
Q2'24
Q1'24
Interest Income and Similar Income
4,216.0
4,188.8
3,858.4
3,870.9
3,603.8
3,463.5
3,347.0
3,248.2
3,175.4
Interest Expense and Similar Expenses
2,836.0
2,497.9
2,393.4
2,401.5
2,249.5
1,945.5
1,811.1
1,736.6
1,817.3
Net Interest Income
1,380.0
1,690.9
1,465.0
1,469.4
1,354.4
1,518.1
1,535.9
1,511.5
1,358.0
Fee and Commission Income
188.0
227.1
372.7
672.7
531.1
1,125.7
303.1
384.8
352.3
Fee and Commission Expenses
152.4
334.6
362.9
480.7
384.8
383.6
200.2
260.1
241.7
Net Fee and Commission Income
35.6
-107.6
9.7
192.1
146.3
742.1
102.9
124.7
110.7
Net Gain/(Loss) from Foreign Currencies and Gold Trading
-10.4
115.6
100.1
162.7
201.7
185.2
281.9
123.0
83.7
Net Gain/(Loss) from Trading Securities
—
6.0
13.2
9.5
3.3
—
—
—
—
Net Gain/(Loss) from Investment Securities
1.9
-14.1
1.3
-6.4
-7.8
1.0
-40.2
-5.0
-24.3
Other Income
130.9
218.4
138.3
187.1
139.0
657.7
124.5
237.5
59.3
Other Expenses
10.3
66.6
55.8
45.9
29.8
61.6
35.4
24.4
10.6
Net Other Income
120.6
151.9
82.5
141.1
109.2
596.1
89.2
213.1
48.8
Income from Capital Contribution and Long-term Investments
0.5
0.5
0.4
0.4
0.4
0.4
0.3
0.3
0.3
Operating Expenses
870.8
1,369.4
924.6
1,110.4
848.9
967.4
864.3
933.8
634.6
Operating Profit before Provision for Credit Losses
657.3
473.7
747.6
858.3
958.6
2,075.4
1,105.6
1,033.9
942.6
Provision for Credit Losses
319.0
1,010.5
187.5
201.4
126.9
265.0
202.0
220.6
281.5
Profit Before Tax
338.4
-536.8
560.1
656.9
831.7
1,810.5
903.7
813.2
661.0
Current Corporate Income Tax Expense
69.2
-64.3
115.4
150.6
173.2
375.1
182.4
170.4
133.8
Deferred Income Tax Expense
—
0.0
—
—
—
-0.2
—
—
—
Corporate Income Tax
69.2
-64.3
115.4
150.6
173.2
375.0
182.4
170.4
133.8
Net Profit After Tax
269.2
-472.5
444.7
506.2
658.5
1,435.5
721.2
642.8
527.3
Net Profit Attributable to the Equity Holders of the Bank
269.2
-472.5
444.7
506.2
658.5
1,435.5
721.2
642.8
527.3
Item
Q1'26
Q4'25
Q3'25
Q2'25
Q1'25
Q4'24
Q3'24
Q2'24
Q1'24
Cash, Gold and Precious Stones
2,983.6
2,135.9
3,653.4
2,076.7
2,304.5
2,096.0
2,148.3
2,221.1
2,055.3
Balances with the State Bank of Vietnam
3,920.5
6,358.5
4,235.2
2,453.2
3,859.1
4,335.5
2,546.8
5,599.9
6,632.2
Placements at and Loans to Other Credit Institutions
35,503.9
42,348.3
35,075.4
30,508.2
26,587.1
29,829.6
32,300.8
31,543.0
35,639.0
Placements at Other Credit Institutions
35,503.9
42,348.3
35,075.4
30,508.2
26,587.1
29,829.6
32,300.8
31,543.0
35,639.0
Trading Securities
—
—
358.9
2,134.2
879.1
3,031.4
—
—
—
Trading Securities (Gross)
—
—
358.9
2,134.2
879.1
3,031.4
—
—
—
Derivatives and Other Financial Assets
8.8
129.9
—
—
—
291.9
—
292.3
161.2
Loans, Advances and Finance Leases to Customers
187,151.9
181,901.8
179,020.1
180,736.5
178,533.4
163,385.7
157,758.5
149,728.7
145,452.7
Loans, Advances and Finance Leases to Customers (Gross)
189,347.4
184,215.9
180,897.3
182,741.2
180,336.7
165,154.9
159,483.5
151,327.9
147,021.3
Provision for Losses on Loans, Advances and Finance Leases to Customers
-2,195.5
-2,314.1
-1,877.2
-2,004.7
-1,803.3
-1,769.2
-1,725.0
-1,599.2
-1,568.6
Debt Purchased
10,140.3
10,543.7
412.9
603.4
603.4
794.0
—
—
—
Debt Purchased (Gross)
10,216.9
10,623.4
416.0
608.0
608.0
800.0
—
—
—
Provision for Debt Purchased
-76.6
-79.7
-3.1
-4.6
-4.6
-6.0
—
—
—
Investment Securities
23,047.6
22,782.3
26,192.0
29,193.5
29,140.4
29,119.2
21,801.9
16,043.5
6,806.6
Available-for-sale Securities
7,112.9
6,854.7
10,246.1
14,048.4
12,544.3
13,506.6
11,309.2
6,809.7
4,009.5
Held-to-maturity Securities
16,103.3
16,099.0
16,103.2
15,378.7
16,825.1
15,849.8
10,728.6
9,429.0
2,986.6
Provision for Diminution in Value of Investment Securities
-168.7
-171.4
-157.3
-233.6
-229.0
-237.2
-235.9
-195.2
-189.5
Fixed Assets
3,812.1
3,852.2
3,810.9
3,747.5
3,753.4
3,775.8
3,758.4
3,696.1
3,684.7
Tangible Fixed Assets
1,102.1
1,136.5
1,148.1
1,099.1
1,095.6
1,109.2
1,101.1
1,126.0
1,111.4
Tangible Fixed Assets Cost
2,729.4
—
—
—
—
—
—
—
—
Accumulated Depreciation of Tangible Fixed Assets
-1,627.4
—
—
—
—
—
—
—
—
Intangible Fixed Assets
2,710.1
2,715.7
2,662.8
2,648.4
2,657.8
2,666.7
2,657.3
2,570.1
2,573.3
Intangible Fixed Assets Cost
3,201.3
—
—
—
—
—
—
—
—
Accumulated Depreciation of Intangible Fixed Assets
-491.3
—
—
—
—
—
—
—
—
Other Assets
3,389.6
3,217.8
2,948.4
4,988.7
5,472.1
3,108.8
3,369.2
2,874.6
3,153.2
Accounts Receivables
1,395.9
1,308.5
1,326.9
3,094.5
3,710.5
1,764.6
1,744.4
1,553.9
1,859.3
Interest and Fee Receivables
1,716.0
1,593.5
1,346.9
1,607.5
1,454.8
1,140.6
1,064.7
932.3
930.6
Deferred Income Tax Assets
20.7
20.7
20.7
20.7
20.7
20.7
20.5
20.5
20.5
Other Assets (Miscellaneous)
723.0
761.1
719.9
732.0
752.0
648.9
1,005.5
833.9
808.7
Provision for Risks in Other Assets
-466.0
-466.0
-466.0
-466.0
-466.0
-466.0
-466.0
-466.0
-466.0
Total Assets
269,958.4
273,270.4
255,707.2
256,442.0
251,132.5
239,768.0
223,684.0
211,999.2
203,585.0
Due to Government and Borrowings from the State Bank of Vietnam
813.4
4,389.2
3,293.7
2,012.9
4,465.4
2,079.5
1,533.3
2,505.2
18.3
Placements and Borrowings from Other Credit Institutions
33,096.5
40,908.1
26,356.3
27,993.1
27,106.5
29,670.3
20,677.9
17,051.9
14,312.3
Placements from Other Credit Institutions
23,968.7
30,835.2
20,793.5
22,385.8
21,902.1
22,067.9
18,035.8
17,051.9
14,312.3
Borrowings from Other Credit Institutions
9,127.7
10,072.9
5,562.8
5,607.3
5,204.4
7,602.5
2,642.1
—
—
Deposits from Customers
182,148.1
177,303.9
176,165.3
177,345.3
175,759.2
167,447.6
167,270.2
163,051.0
160,659.2
Derivatives and Other Financial Liabilities
—
—
76.3
92.1
28.9
—
37.7
—
—
Valuable Papers Issued
22,268.4
20,067.7
18,466.9
18,166.1
12,665.3
10,864.5
5,500.0
2,000.0
2,000.0
Other Liabilities
5,197.8
4,595.2
4,807.4
4,765.5
5,349.9
4,606.6
4,488.4
3,901.7
3,627.1
Interest and Fee Payables
3,545.7
2,943.9
2,777.5
2,528.4
2,345.9
2,119.4
2,080.0
1,973.0
2,198.7
Other Liabilities (Miscellaneous)
1,652.1
1,651.3
2,029.9
2,237.1
3,004.0
2,487.2
2,408.4
1,928.7
1,428.4
Total Liabilities
243,524.2
247,264.1
229,165.9
230,375.0
225,375.1
214,668.6
199,507.5
188,509.9
180,616.9
Capital and Reserves
26,434.2
26,006.3
26,541.4
26,067.0
25,757.4
25,099.4
24,176.5
23,489.3
22,968.0
Capital
18,781.6
18,781.6
18,781.6
18,781.6
18,781.6
18,781.6
17,563.0
17,563.0
17,563.0
Charter Capital
18,688.1
18,688.1
18,688.1
18,688.1
18,688.1
18,688.1
17,469.6
17,469.6
17,469.6
Share Premium
156.3
156.3
156.3
156.3
156.3
156.3
156.3
156.3
156.3
Reserves
3,789.9
3,789.9
3,562.2
3,562.2
3,562.2
3,229.5
2,897.0
2,897.0
2,897.0
Foreign Exchange Differences
158.7
—
62.6
32.9
-0.5
—
-9.8
24.2
-4.2
Undistributed Earnings after Tax/Accumulated Loss
3,704.0
3,434.9
4,135.1
3,690.4
3,414.1
3,088.3
3,726.3
3,005.1
2,512.3
Total Liabilities and Equity
269,958.4
273,270.4
255,707.2
256,442.0
251,132.5
239,768.0
223,684.0
211,999.2
203,585.0
Item
Q1'26
Q4'25
Q3'25
Q2'25
Q1'25
Q4'24
Q3'24
Q2'24
Q1'24
Receipts from Interest and Similar Income
4,064.7
4,029.8
4,169.8
3,301.9
3,714.0
3,420.7
3,195.9
3,218.3
3,076.3
Payments for Interest and Similar Expenses
-2,234.6
-2,409.7
-2,232.8
-2,216.9
-2,011.9
-1,906.3
-1,683.4
-1,965.1
-2,176.4
Receipts from Fee and Commission Income
-5.6
-68.2
7.9
589.4
146.3
342.1
102.9
124.7
110.7
Net Cash Inflow from Trading Activities in Foreign Currencies, Gold and Securities
32.0
92.5
151.8
205.3
154.1
155.4
280.9
153.8
59.8
Receipts from Other Income
24.3
-22.7
8.4
43.1
17.0
367.3
-12.9
-3.7
-3.9
Receipts from Collection of Written-off Debts
95.7
171.4
84.8
112.7
103.2
472.2
93.5
215.8
52.7
Payments for Staff Costs and Operating Expenses
-1,128.2
-1,339.9
-825.8
-1,054.9
-946.2
-895.6
-796.5
-789.7
-666.0
Corporate Income Tax Paid
-18.8
-32.3
-138.6
-185.1
-373.8
-183.0
-168.3
-136.8
-202.1
Cash Flow from Operating Activities before Changes in Operating Assets and Liabilities
829.6
420.8
1,225.6
795.6
802.7
1,772.7
1,012.2
817.3
251.1
(Increase)/Decrease in Trading Securities and Investment Securities
-262.6
3,395.7
3,077.8
-57.7
1,982.7
-9,314.3
-6,999.1
-8,042.6
155.5
(Increase)/Decrease in Derivatives and Other Financial Assets
131.2
-178.1
-5.4
26.5
291.9
0.4
—
-131.1
-161.2
(Increase)/Decrease in Loans and Advances to Customers
-4,725.1
-13,525.9
2,035.9
-2,404.5
-14,989.8
-6,471.4
-8,155.5
-4,306.6
-6,572.4
(Decrease)/Increase in Provisions for Damages
-440.6
-497.1
-391.5
0.0
-94.2
-214.8
-76.3
-190.0
-248.7
(Increase)/Decrease in Other Operating Assets
-55.9
19.4
2,009.9
514.7
-2,436.5
584.2
-443.4
279.0
-542.6
Increase/(Decrease) in Due to Government and Borrowings from State Bank
-3,575.9
1,095.6
1,280.8
-2,452.4
2,385.8
546.2
-971.9
2,486.9
-1.5
Increase/(Decrease) in Placements and Borrowings from Other Credit Institutions
-7,811.6
14,551.8
-1,636.8
886.5
-2,563.8
8,992.4
3,625.9
2,739.6
-2,051.6
Increase/(Decrease) in Deposits from Customers
4,844.2
1,138.6
-1,179.9
1,586.1
8,311.5
177.4
4,219.2
2,391.9
4,330.0
Increase/(Decrease) in Valuable Papers Issued
2,200.8
1,600.8
5,801.6
—
1,800.8
5,364.5
3,500.0
—
—
Increase/(Decrease) in Funds Received from Government and Institutions
—
—
—
7,301.6
—
—
—
—
—
Increase/(Decrease) in Derivatives and Other Financial Liabilities
-10.1
-28.2
-10.4
36.7
28.9
-37.7
37.7
0.0
-230.8
Increase/(Decrease) in Other Operating Liabilities
341.9
-297.7
-459.4
-812.0
865.6
-156.8
459.8
233.6
112.6
Payments from Reserves
—
0.0
0.0
-0.0
—
-0.1
—
—
—
Net Cash Flows from Operating Activities
-8,534.1
7,695.6
6,247.2
3,620.3
-3,614.5
950.5
-3,499.0
-3,722.0
-4,959.5
Purchase of Fixed Assets
-60.9
-150.9
-127.1
-119.7
-52.4
-116.7
-59.0
-71.7
-52.9
Receipts from Disposal of Fixed Assets
1.1
37.2
0.4
8.2
—
-20.9
23.7
2.4
0.0
Dividends and Profit Received
0.5
0.5
0.4
0.4
0.4
0.4
0.3
0.3
0.3
Net Cash Flows from Investing Activities
-59.3
-113.2
-126.3
-111.1
-52.0
-137.2
-34.9
-69.0
-52.6
Dividends Paid and Profits Distributed to Owners
—
—
—
—
—
-522.3
—
—
—
Net Cash Flows from Financing Activities
—
—
—
—
—
-522.3
—
—
—
Net Cash Flows during the Period
-8,593.5
7,582.4
6,120.9
3,509.2
-3,666.5
291.0
-3,534.0
-3,791.0
-5,012.1
Cash and Cash Equivalents at Beginning of the Period
50,842.7
43,322.9
37,172.3
33,629.8
37,296.8
36,996.0
40,563.9
44,326.5
49,342.8
Exchange Difference due to Re-valuation of Ending Balances