Revealing third quarter bank profits with many bright colors

Positive credit

As of August 29, 2025, system-wide credit had increased by 11.82% compared to the beginning of the year, up 20% over the same period last year. Experts from MB Securities Company (MBS) said that the credit growth momentum was maintained in the third quarter, with an estimated increase of 14.8% compared to the beginning of the year and 4.6% compared to the previous quarter.

The low interest rate environment continues to play a key role in boosting credit, especially in the context of retail credit showing signs of catching up with corporate credit thanks to the recovery of consumer loans and home loans. MBS forecasts that the private joint stock bank group will record better credit growth than the state-owned group, at 18% and 12% respectively by the end of the third quarter of 2025.

NIM is forecast by experts to remain stable or increase slightly in the second half of the year, thanks to low lending rates and strong pressure on capital mobilization (mobilization growth reached 9.6% since the beginning of the year, but still lower than credit growth). At the same time, banks increased medium and long-term lending and promoted CASA (non-term deposits) to improve NIM.

Mr. Pham Chi Quang, Director of the Monetary Policy Department (State Bank), said that credit growth reached nearly 13.37% after 9 months. Compared to the same period in 2024, this index is 4% higher. With this growth momentum, credit growth for the whole year could reach 19-20%, exceeding the plan.

Credit growth, positive net interest income compared to the same period and reduced provision expenses are the main reasons supporting the bank's profits. Revenue sources such as foreign exchange and other activities also grew, contributing positively to profits. In addition, Resolution 42/2017/QH14 was legalized as a positive condition for banks to promote the handling and recovery of bad debts, reduce provisions, etc., affecting profits.

Profit impact

Nam A Bank achieved pre-tax profit of more than VND3,800 billion after 9 months, an increase of nearly VND520 billion compared to the same period, reaching 77% of the yearly plan. Total assets by the end of September were more than VND377,000 billion, an increase of more than VND132,000 billion compared to the beginning of the year.

To achieve that result, Mr. Vo Hoang Hai, Deputy General Director of Nam A Bank shared that the Bank proactively promoted credit to priority areas, thereby effectively spreading capital flows to the real economic sector. The Bank also flexibly exploited opportunities from the secondary market, especially the interbank market and safe investment instruments such as government bonds, valuable papers, and bonds of other credit institutions.

This strategy not only helps Nam A Bank diversify its revenue sources, but also improves capital efficiency and reduces dependence on net interest income. The Bank's growth in the first 9 months of the year also comes from the consistent improvement in both capital mobilization and asset allocation. Deposits from economic organizations and individuals increased by more than VND35,000 billion, equivalent to more than 20% compared to the beginning of the year.

MBS forecasts that the after-tax profit of listed banks in the third quarter of 2025 will increase by about 21.5% year-on-year, an improvement from the 18.7% of the second quarter. Banks that are forecast to have a strong increase in after-tax profit thanks to high credit are HDBank, Techcombank, BIDV , VPBank, LPBank, VietinBank... 4 banks with after-tax profit growth of up to over 30% year-on-year include VietinBank, VPBank, OCB and VIB.

According to SSI analysts, some banks such as VPBank, HDBank , VietinBank, OCB, MSB are expected to maintain impressive growth thanks to improved credit from a low base compared to the same period last year. In particular, at HDBank, strong credit growth is expected to be the main driver for net interest income, thereby offsetting most of the impact from increased provision expenses compared to the same period in the third quarter. As a result, pre-tax profit this quarter is estimated at VND5,200 billion (up 16% over the same period, up 11% over the previous quarter).

SSI forecasts that Sacombank is expected to continue to have the highest profit growth in the third quarter, estimated at VND5,800 billion, up 111% year-on-year and 59% compared to the previous quarter, despite a significant increase in credit costs. Some other representatives such as OCB, VPBank, VietinBank, BIDV, MSB are expected to have pre-tax profit in the third quarter increase by over 30% compared to the same period.

Source: https://baodautu.vn/he-lo-loi-nhuan-ngan-hang-quy-iii-voi-nhieu-gam-sang-d407889.html