ROA

HDBank announces financial statements with profit of $524 million, ROE 24.2%, releases 2024 ESG report

Retrieved on: 
Wednesday, April 10, 2024
ESG, ROE, ROA, Social responsibility, Bank statement, HCM, Safety, HD, Commercial bank, Financial adviser

HDBank has announced its audited financial statements for 2023, which show it achieved its best ever results.

Key Points: 
  • HDBank has announced its audited financial statements for 2023, which show it achieved its best ever results.
  • — Photo courtesy of HD Bank
    Profitability ratio ROA is 2% and ROE is 24.2%, both higher than last year and keeping HDBank among the group of leading banks in these crucial indicators.
  • HDBank is the first in Vietnam to publish an ESG report in 2024 as part of its efforts to help Vietnam achieve its commitment of achieving net zero greenhouse gas emissions.
  • HD SAISON Finance Co. Ltd., a joint venture with a Japanese partner, achieved leading business results in terms of profit and safety among financial companies.

HDBank to pay 25% dividend in cash and stocks, aim for high growth in 2024

Retrieved on: 
Wednesday, April 10, 2024
State bank, ESG, AGM, HCM, ROA, News, Commercial bank, Risk management

HDBank will pay a dividend of 25%, 10% in cash and 15% in stocks, for 2023.

Key Points: 
  • HDBank will pay a dividend of 25%, 10% in cash and 15% in stocks, for 2023.
  • HDBank will submit reports to shareholders for approval, including its business performance in 2023, business plans for 2024, profit distribution plans for 2023, and other key reports.
  • Eyeing VND16 trillion profits in 2024, ROE at 24.6%
    HDBank, which has gone through a 10-year journey of reform, maintained its high and steady growth in 2023.
  • In 2024 the bank remains on track for high growth while developing a comprehensive environmental, social and governance (ESG) strategy.

World Lighting Market Outlook Report 2024-2026 with Fixtures Production, Consumption and International Trade Data at Worldwide Level for 70 Countries for 2013-2022 and 2023 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 9, 2024
Construction & Property, Other Construction & Property, Furniture, Directory, International, ROA, ROE, Financial statement analysis, Table, Lighting, Retail

The lighting market outlook analyzes, through tables and graphs, data on lighting fixtures production, consumption and international trade at worldwide level as a whole and for 70 considered countries, for the years 2013-2022 and 2023 preliminary.

Key Points: 
  • The lighting market outlook analyzes, through tables and graphs, data on lighting fixtures production, consumption and international trade at worldwide level as a whole and for 70 considered countries, for the years 2013-2022 and 2023 preliminary.
  • In 2024, the global lighting fixtures market is expected to remain stable, followed by moderate growth in 2025 and 2026.
  • The largest 100 global lighting players hold a share of over 40% of the worldwide market for lighting fixtures.
  • The 'Lighting: World Market Outlook' report is structured as follows:
    Basic data presents an overview of the world lighting market in 2022, by main country and geographic regions, including a comparison with selected key macro indicators.

As interest rates surge: flighty deposits and lending

Retrieved on: 
Friday, April 5, 2024
Neumark, Face, BCBS, Quarterly Journal of Economics, COVID-19, Cash, MRO, Intensive word form, Duration, Disclosure, The, Return, Bank statement, DFR, Research Papers in Economics, Investment, DEP, Federal, Prudential, CEMFI, Core, Synthetic control method, Interest rate risk, Journal of Political Economy, Policy, OLS, Logic, PDF, LOAN, ECB, Risk, International, Shock, Quarterly Journal, ROA, Risk management, Panetta, HHS, T2, T3, E51, Silicon Valley Bank, Common, Social science, NBER, EBA, Propensity score matching, Control, JEL, University Challenge 2013–14, Database, Rigidity, Yb, Social Science Research Network, The Journal of Finance, Bednarek, Journal, Research, Public policy, AT1, Journal of Monetary Economics, PSM, Big data, McPhail, Literature, Medical classification, Federal Reserve, Robustness, Paper, NPL, Financial economics, Deposit account, European Central Bank, Gérard Schivardi, Remuneration, Central bank, Conference, Environment, Political economy, MDA, Equation, Collateral damage, Monetary economics, Monetary policy, Kernel, Hoffmann, Website, Movement, Reproduction, Financial intermediary, Silicon, FE, Working paper, Injection, American Economic Review, Data, G21, AnaCredit, Probability, Total, Lombard, Bank
Key Points: 

    IBC Reports 37% Increase in Earnings in 2023

    Retrieved on: 
    Monday, February 26, 2024
    Banking, Professional Services, Finance, ROA, Security (finance), IBC, IBOC, Environment

    Our outstanding earnings performance continues to prove that our long-standing strategies and commitment to cost control and non-interest income growth continues to be timely and successful.

    Key Points: 
    • Our outstanding earnings performance continues to prove that our long-standing strategies and commitment to cost control and non-interest income growth continues to be timely and successful.
    • Total assets at Dec. 31, 2023 were $15.1 billion compared to $15.5 billion at Dec. 31, 2022.
    • Total net loans were $7.9 billion at Dec. 31, 2023 compared to $7.3 billion at Dec. 31, 2022.
    • Deposits were $11.8 billion at Dec. 31, 2023 compared to $12.7 billion at Dec. 31, 2022.

    Lundberg Becomes the Leading U.S. Regenerative Organic Certified® Food Brand

    Retrieved on: 
    Tuesday, March 5, 2024
    Sprouts, Soil, Burn, Sacramento Valley, Salmon, Food, Climate, Safety, Whole Foods Market, Snack, Duck, Organic, Family, Lundberg Family Farms, ROA, River, L E Lundbergföretagen, Meal, USDA, Zooplankton, Agriculture

    RICHVALE, Calif., March 5, 2024 /PRNewswire/ -- Lundberg Family Farms, a leading grower of organic rice and maker of best-selling packaged rice and rice snacks, is now the leading U.S. Regenerative Organic Certified® food brand introducing 70+ products made with Regenerative Organic Certified® rice across its portfolio. Last year, Lundberg became the first U.S.-grown rice brand to launch Regenerative Organic Certified® rice.

    Key Points: 
    • RICHVALE, Calif., March 5, 2024 /PRNewswire/ -- Lundberg Family Farms , a leading grower of organic rice and maker of best-selling packaged rice and rice snacks, is now the leading U.S. Regenerative Organic Certified® food brand introducing 70+ products made with Regenerative Organic Certified® rice across its portfolio.
    • Last year, Lundberg became the first U.S.-grown rice brand to launch Regenerative Organic Certified® rice.
    • Lundberg worked with the Regenerative Organic Alliance (ROA) to certify more than 8,500 acres of rice, which is 4x more than the previous year.
    • The California-based brand grows 70% of California's Regenerative Organic Certified® rice and plans to transition the rest of its organic acreage by 2027.

    AgriBank Reports Fourth Quarter 2023 and Year-End Financial Results

    Retrieved on: 
    Friday, March 1, 2024
    Livestock, Weather, Poultry, Investment, Risk management, Growth, NFI, Government, Projection, AgriBank, Economic Research Service, ROA, USDA, Bank

    ST. PAUL, Minn., March 1, 2024 /PRNewswire/ -- Today, St. Paul-based AgriBank announced financial results for the fourth quarter and full year of 2023, with strong profitability, credit quality, and liquidity and capital.

    Key Points: 
    • ST. PAUL, Minn., March 1, 2024 /PRNewswire/ -- Today, St. Paul-based AgriBank announced financial results for the fourth quarter and full year of 2023, with strong profitability, credit quality, and liquidity and capital.
    • Credit quality: Total loan portfolio credit quality remained strong, with 99.4 percent of loans classified as acceptable at December 31, 2023.
    • "We are pleased to report that AgriBank completed the year with strong financial performance, which reflects the effectiveness of our business model and the Farm Credit lenders we support," said Jeffrey Swanhorst, AgriBank chief executive officer.
    • Total loans were $148.7 billion at December 31, 2023, an increase of $15.3 billion, or 11.4 percent, compared to December 31, 2022.

    KIA EV9 NAMED AMONG LIST OF 2024 PARENTS BEST FAMILY CARS

    Retrieved on: 
    Monday, February 26, 2024
    EV, PHEV, EVP, Multimedia, EV9, NSCC, NBA, Gasoline, SUV, Kia, Kia Connect, ADAS, Family, Photography, Safety, Navigation, Smartphone, Adaptive cruise control, Education minister, ROA, Child, HEV, Travel

    IRVINE, Calif., Feb. 26, 2024 /PRNewswire/ -- PARENTS has recognized the Kia EV9 (best electric 3-row SUV) in its "Best Family Cars" awards for 2024.

    Key Points: 
    • IRVINE, Calif., Feb. 26, 2024 /PRNewswire/ -- PARENTS has recognized the Kia EV9 (best electric 3-row SUV) in its "Best Family Cars" awards for 2024.
    • "PARENTS Best Family Cars awards exemplify Kia's position as a brand that meets the needs of their busy family," said Steven Center, COO & EVP, Kia America.
    • "We're honored to see the EV9 awarded for its technology, capability and comfort for the entire family."
    • PARENTS experts tested over 140 cars total, across categories from a field of new model vehicles.

    AKUMIN ANNOUNCES PARTNERSHIP WITH NORTHERN NEVADA SIERRA MEDICAL CENTER FOR RADIATION ONCOLOGY SERVICES

    Retrieved on: 
    Wednesday, February 21, 2024
    Physician, Associate, SMC, CCS, Patient, ROA, Radiation, Radiation therapy, Cancer, Partnership, Medical imaging

    PLANTATION, Fla., Feb. 21, 2024 /PRNewswire/ - Akumin Inc., a national provider of outpatient radiology and oncology services, and Northern Nevada Sierra Medical Center (SMC) today announced a new partnership to expand radiation oncology services in the Nevada market.

    Key Points: 
    • PLANTATION, Fla., Feb. 21, 2024 /PRNewswire/ - Akumin Inc., a national provider of outpatient radiology and oncology services, and Northern Nevada Sierra Medical Center (SMC) today announced a new partnership to expand radiation oncology services in the Nevada market.
    • The partnership is a joint venture inclusive of two local, independent oncology physician groups, Radiation Oncology Associates (ROA) and Cancer Care Specialists (CCS).
    • "We are pleased to begin this partnership with local physicians who have an interest in growing oncology services in northern Nevada," said Helen Lidholm, interim CEO at Northern Nevada Sierra Medical Center.
    • "Our partnership with SMC and local partners, Radiation Oncology Associates and Cancer Care Specialists, will immediately provide additional leading-edge radiology oncology services to the communities of Reno and northern Nevada."

    What drives banks’ credit standards? An analysis based on a large bank-firm panel

    Retrieved on: 
    Wednesday, February 7, 2024
    NPL, Seven Bank, Xi, Name, AnaCredit, Data, Bank, ECB, SAFE, JEL, Bias, Knowledge, XB, P50, Ciccarelli, Credit, Regression analysis, Shock, Central bank, Mand, E51, Movement, E44, SNL, Government, Access, Environment, Literature, P90, BLS, P25, CDS, Darst, Risk, European Central Bank, Bureau van Dijk, OBS, Probability, Complementarity, ROA, Policy, COVID-19, Research, Standard score, Uncertainty, R2, Heider, E52, Holmström, CSB, Health, P75

    An analysis based on a large

    Key Points: 
      • An analysis based on a large
        bank-firm panel

        No 2902

        Disclaimer: This paper should not be reported as representing the views of the European Central Bank
        (ECB).

      • We find
        that weaker capitalised banks adjust their credit standards more than healthier banks, especially for
        firms with a higher default risk.
      • Here we find t hat w eaker b anks r espond m ore f orcefully by
        tightening their credit standards more than better capitalised banks.
      • On the contrary, weaker banks
        may be more prone to adopt looser credit standards, with the aim of increasing their revenues.
      • To answer these questions, we analyse the determinants of banks? credit standards, i.e., their internal
        guidelines or loan approval criteria applied when deciding on granting credit.
      • 2 Altavilla

        ECB Working Paper Series No 2902

        2

        area banks tighten their credit standards more when linked to riskier firms, measured via firms? leverage
        and default risk.

      • We assess how euro area banks adjusted their credit standards in response to
        the negative COVID-19 pandemic shock, after accounting for government support measures.
      • When deciding on their credit standards, banks assess risks
        based on both their own loss absorption capacity and the credit risk of their borrowers.
      • On the contrary,
        weaker banks may be more prone to adopt looser credit standards, with the aim of increasing their
        revenues.
      • We provide evidence that
        euro area banks tighten their credit standards more when linked to riskier firms, measured via firms?
        leverage and default risk based on the Altman Z-score.
      • In
        addition, they focus on a different research question and use data from the IBLS only as a control.
      • ECB Working Paper Series No 2902

        5

        capital position implies less tightening of lending criteria, possibly reflecting the fact that banks can
        afford to adjust their credit standards more moderately.

      • Based on our results, this implies a stronger deterioration of their lending conditions compared
        with less vulnerable firms.
      • We assess how euro area banks adjusted their credit standards in response to
        the negative COVID-19 pandemic shock, after accounting for government support measures.
      • This is in line with the role of government support
        measures such as loan guarantees mitigating banks? exposure to firms? credit risks as they shield banks
        from firms? increased credit risks.
      • 2

        Related literature

        Our paper is closely related to studies analysing credit supply based on BLS indicators and the impact
        of monetary policy shocks on bank lending conditions in the euro area.

      • Hempell and Kok (2010) disentangle
        pure loan supply based on the BLS factors and investigate the role played by such factors for loan growth.
      • Several other studies link confidential individual BLS data with actual bank-level data, but not firm
        data, allowing an analysis of bank characteristics relevant for bank lending conditions.
      • They find that a short-term interest rate shock decreases both loan supply
        and demand, but more for less healthy banks.
      • Their findings are consistent with the results of our paper on the favourable impact of bank health on lending standards.
      • Both papers tend to find no evidence of higher risk taking of banks as a result
        of accommodative monetary policy.
      • More recent studies are based on
        confidential bank and firm-level data from national credit registers.
      • (2012) who focus on the bank-firm-relationship in Spain, based on credit register data.
      • Ferrero, Nobili, and Sene (2019) arrive at a corresponding conclusion on the risk-taking
        channel based on a confidential loan-level dataset of Italian banks.
      • In another paper, Altavilla, Boucinha, and Bouscasse (2022)
        disentangle credit demand and supply based on euro area credit register data (AnaCredit) for the period
        of the pandemic.
      • Our results emphasise the
        mitigating impact of government guarantees on a tightening of credit standards during the pandemic.
      • This mitigating impact played a major role in loan demand and not credit supply being decisive for lending volumes during the pandemic.
      • Based on their model, accommodative monetary policy is part of the optimal policy mix, combined with social insurance.
      • To keep the wealth of information
        available in the BLS, we run our analysis at the quarterly frequency of the survey.
      • of employees

        101.4

        2456.9

        2.0

        4.0

        12.0

        37.0

        116.0

        14944589

        Panel (a): Banks
        Credit standards

        Loan loss provisions
        Panel (b): Firms

        Notes: Descriptive statistics for the bank-firm sample included in the regression analysis.

      • Specifically, a one
        standard deviation increase in the CET1 ratio leads to 0.2 standard deviations lower credit standards,
        i.e., easier credit standards.
      • In their lending decisions, banks assess risks based on both their own
        loss absorption capacity and the credit risk of their borrowers.
      • ?Credit supply and monetary policy: Identifying the bank balance-sheet channel with loan applications.? American Economic
        Review 102 (5):2301?2326.
      • ?Hazardous times for monetary policy: What do twenty-three million bank loans say
        about the effects of monetary policy on credit risk-taking?? Econometrica 82 (2):463?505.
      • ?The credit cycle and the business cycle: new findings using
        the loan officer opinion survey.? Journal of Money, Credit and Banking 38 (6):1575?1597.
      • guarantees: proxy from BLS, bank level

        0

        .1

        .2

        .3

        .4

        Government guarantees exposure

        -.5

        -.25

        0

        .25

        .5

        Government guarantees exposure

        Notes: Based on results from columns (3) and (6) of Table 4.