13 banks report soaring profits in the third quarter, the top position changes hands

As of October 25, 13 commercial banks have announced their third quarter financial reports, recording strong profits and growth.

This result was achieved in the context of high credit growth and breakthrough service revenue, CASA ratio (non-term deposits) also increased, helping to reduce the bank's input costs.

Leading the pack is VPBank (stock code: VPB) with pre-tax profit of VND9,166 billion in the third quarter, up 77% year-on-year and the highest in the last 15 quarters. With this profit, VPBank has “surpassed” Techcombank (in the same period last year, Techcombank led in terms of profit).

Accumulated profit for the first 9 months was VND20,396 billion, 47% higher than the same period last year thanks to growth in both lending and deposits.

As of September 30, total consolidated assets reached VND1,180 trillion, up 27.5% compared to the beginning of the year, exceeding the set plan. Of which, outstanding loans to customers reached VND879,072 billion (up 29.94%) and customer deposits reached VND585,833 billion (up 20.62%).

Techcombank (stock code: TCB) recorded pre-tax profit in the third quarter of more than VND8,200 billion, up 14% over the same period last year. In the first 9 months of the year, Techcombank's pre-tax profit also increased to VND23,834 billion.

Asia Commercial Bank (stock code:ACB ) earned pre-tax profit of VND5,400 billion in the period, up 11% over the same period. The main growth drivers came from the foreign exchange segment, which increased nearly three times, and securities trading, which increased by more than 90%.

Accumulated for 9 months, this bank's profit reached more than 16,000 billion VND, an increase of 5% compared to the first 9 months of 2024. At the end of the third quarter, ACB's outstanding credit balance reached 669,000 billion VND, an increase of 15% compared to the beginning of the year.

Loc Phat Bank (LPBank, stock code: LPB) also saw a 19% increase in pre-tax profit in the third quarter, reaching VND3,448 billion. It is noted that net interest income was the main contributor with VND11,253 billion.

Accumulated in the first 9 months of the year, the bank's pre-tax profit was VND9,612 billion, up 9% and fulfilling nearly 65% of the yearly plan. During the period, LPBank's customer loans increased by 17%, reaching VND387,898 billion. Customer deposits reached VND326,179 billion, also up 15% from the beginning of the year until now.

The remaining banks such as Saigon - Hanoi Bank (stock code: SHB), PGBank, BaoVietBank... all increased profits by double digits.

Figures from the State Bank show that as of September 29, the total outstanding credit balance of the entire system had increased by 13.37% compared to the end of 2024 and by 19.6% compared to the same period last year. It is estimated that credit growth this year could reach 20%, the highest level in many years.

The State Bank continues to require credit institutions to synchronously deploy solutions to stabilize and strive to reduce deposit interest rates, contributing to stabilizing the monetary market and creating room to reduce lending interest rates.

Experts believe that deposit interest rates will remain stable from now until the end of the year, even until 2026, fluctuating between 5.2-5.3%/year.

Source: https://dantri.com.vn/kinh-doanh/13-ngan-hang-bao-lai-quy-iii-tang-vot-ngoi-dau-doi-chu-20251028160725018.htm