CTG released 9M 2018 results with a consolidated bottom line at VND6.1tn (USD262mn, +4.3% YoY) and annualized ROAA and ROAE at 0.7% and 12.2%, respectively. The low growth in reported 9M 2018 net income was because CTG proactively built its loan loss reserve ratio (LLR) to 130% in Q3 2018 post VAMC clearing period (we expand on the topic of provisioning below). Its core performance is pretty much in line with our expectations.