Promoting digitalization and retail, BVBank's profit in the first quarter of 2025 increased by 16%

Viet Capital Bank (BVBank, stock code: BVB) announced its financial report for the first quarter of 2025 with many positive indicators. The results clearly reflect the orientation of modern retail banking, promoting digitalization and focusing on individual customers and small and medium enterprises (SMEs).

Total assets reached over 110,100 billion VND thanks to individual and SME customer segments

As of March 31, 2025, BVBank's total assets exceeded VND110,100 billion, up 6.4% compared to the beginning of the year. The driving force comes from promoting personal - SME credit activities and consolidating a solid capital mobilization foundation. Outstanding customer loans reached over VND71,700 billion, up 5.4% compared to the beginning of the year, of which more than 76% of the loan scale is the individual customer segment and small and medium enterprises.

Regarding capital mobilization, BVBank recorded a total mobilized capital of more than VND 102,000 billion, an increase of 34% over the same period in 2024. Of which, customer deposits from economic organizations and residents reached nearly VND 83,500 billion, an increase of 23% over the same period and 11% compared to the beginning of the year, mainly from the retail segment, contributing to maintaining a stable source of capital and meeting the demand for loan growth in 2025.

Core activities maintain sustainable growth

In the trend of competitive lending interest rates and narrowing the NIM interest rate gap, BVBank's total revenue in the first quarter of 2025 reached VND 557 billion, up 4% over the same period. Net interest income was the main contributor, reaching over VND 500 billion, up 7% thanks to the growth in loan scale. In addition, foreign exchange trading and international payment activities increased 1.7 times over the same period thanks to increased transaction turnover (growth of 20%).

The provision for credit risks in the quarter was VND 144 billion, an increase of 35% compared to the same period in 2024. At the end of the first quarter of 2025, pre-tax profit was recorded at VND 80 billion, an increase of 16% compared to the same period and completing 15% of the 2025 target.

The ecosystem is expected to help BVBank expand its individual and micro-customer base, strengthening its position as a modern retail bank in the digital age.

Accelerating digitalization, expanding retail ecosystem

In early 2025, BVBank will continue to promote technology investment in operations, multi-channel financial services and digital payment solutions. Notably, it will cooperate with the RAR Center - Ministry of Public Security to deploy electronic identification via VNeID, pioneering the integration of digital authentication into the account opening and transaction process, improving security and user experience.

In addition, BVBank is also accelerating the implementation of QR cross-border payments in Thailand, Cambodia, and Laos, while expanding the DigiStore platform, a comprehensive financial solution for merchants. The ecosystem is expected to help BVBank expand its individual and micro-enterprise customer base, strengthening its position as a modern retail bank in the digital age. The number of customers continues to increase by 30% compared to the same period in 2024 and the number of transactions on digital channels increases by 3 times, which is clear evidence of the effectiveness of BVBank's digital transformation activities.

Source: https://thoibaonganhang.vn/day-manh-so-hoa-va-ban-le-loi-nhuan-quy-i2025-cua-bvbank-tang-16-163460.html