As of October 25th, 13 commercial banks had released their Q3 financial reports, recording strong profits and growth.
This result was achieved amidst strong credit growth and a surge in service revenue, while the CASA (current account deposit) ratio also increased, helping to reduce the bank's input costs.
Leading the pack is VPBank (stock code: VPB) with pre-tax profit of VND 9,166 billion in the third quarter, a 77% increase compared to the same period last year and the highest in the last 15 quarters. With this profit level, VPBank has surpassed Techcombank (Techcombank was the leader in profit in the same period last year).
For the first nine months of the year, VPBank 's profit reached VND 20,396 billion, 47% higher than the same period last year, thanks to growth in both lending and deposits.
As of September 30th, consolidated total assets reached VND 1.18 trillion, an increase of 27.5% compared to the beginning of the year, exceeding the set plan. Of this, outstanding loans to customers reached VND 879,072 billion (an increase of 29.94%) and customer deposits reached VND 585,833 billion (an increase of 20.62%).
Techcombank (stock code: TCB) recorded pre-tax profit of over VND 8,200 billion in the third quarter, a 14% increase compared to the same period last year. For the first nine months of the year, Techcombank's pre-tax profit also increased to VND 23,834 billion.
Asia Commercial Bank (stock code:ACB ) reported a pre-tax profit of VND 5,400 billion during the period, an 11% increase compared to the same period last year. The main drivers of growth came from foreign exchange trading, which nearly tripled, and securities trading, which increased by over 90%.
For the first nine months of the year, the bank's profit reached over 16,000 billion VND, a 5% increase compared to the same period in 2024. As of the end of the third quarter, ACB's outstanding loan balance reached 669,000 billion VND, a 15% increase 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 VND 3,448 billion. Net interest income was the main contributor, at VND 11,253 billion.
For the first nine months of the year, the bank's pre-tax profit reached VND 9,612 billion, an increase of 9% and nearly 65% of the annual plan. During the period, LPBank's customer loans increased by 17%, reaching VND 387,898 billion. Customer deposits reached VND 326,179 billion, also increasing by 15% year-to-date.
Other banks such as Saigon - Hanoi Bank (stock code: SHB), PGBank, BaoVietBank… all saw double-digit profit increases.
Data from the State Bank of Vietnam shows that, as of September 29th, outstanding credit in 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 of Vietnam continues to require credit institutions to implement comprehensive solutions to stabilize and strive to reduce deposit interest rates, contributing to the stability of the monetary market and creating room for reducing lending interest rates.
Experts believe that deposit interest rates will remain stable from now until the end of the year, and possibly even until 2026, fluctuating between 5.2-5.3% per year.
Source: https://dantri.com.vn/kinh-doanh/13-ngan-hang-bao-lai-quy-iii-tang-vot-ngoi-dau-doi-chu-20251028160725018.htm
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