TCB released consolidated results for 9M 2018 with a bottom line totalling VND6.2tn (USD265mn, +59.6% YoY), constituting 61% of our full-year 2018 forecast. Annualized ROAA and ROAE were 2.9% and 19.5%, respectively. TCB proactively built its loans loss ratio (LLR) to 78% in Q3 2018 (vs 73% as of YE2017) after easing on provision expense in H1 2018 post 2017 VAMC clearing period.