BIDV posted only VND196 billion pre-tax earnings in Q3 FY12 due to heavy provision of VND1,655 billion - BIDV reported VND1,893 billion pre-tax earnings for 9M FY12 (45% full year target of VND5,800 billion), mostly due to much higher provision charges (+50% yoy at VND4,561 billion). At the IPO price of VND18,582/share, BIDV's P/B is at 1.65x, much higher than peers' 1.3x.