VBNK net income rises 53% YoY on record SRP-driven growth
VBNK reported 53% year-over-year higher net income, alongside record asset and revenue growth tied to US and Canadian SRP expansion. Adjusted net income rose 27%.
Record asset and revenue growth driven by US and Canadian SRP expansion led to a 53% year-over-year net income increase and 27% rise in adjusted net income.
The bank targets at least US$3 billion in new US SRP fundings for fiscal 2027 and expects further efficiency gains from AI initiatives.Origina…