OCB's business results in the first quarter of 2025 maintain good growth momentum

At the end of the first quarter of 2025, OCB 's asset size had grown compared to the beginning of the year, reaching VND 289,067 billion, an increase of 3%.

The bank also recorded outstanding loans in market 1 reaching VND 184,388 billion, with significant contributions from the small and medium enterprise (SME) customer group with a growth rate of 9.3%. This is a positive signal, reflecting the effectiveness of the solutions that the bank is implementing and showing that capital sources have been optimized to support this customer group, in accordance with the policies of the Government and the State Bank. Mobilization in market 1 reached VND 207,984 billion, up 7.9% compared to the beginning of the year.

Photo: Supplier

Total net revenue reached VND 2,273 billion, equivalent to the same period last year. Notably, in the first quarter of 2025, OCB continued to record good and stable growth in core business activities. Net interest income reached VND 2,164 billion, up 13.8% compared to the first quarter of 2024 thanks to strong credit growth of 20.4%. Net service income increased by 9.4% over the same period, reaching VND 131 billion, thanks to effective digital transformation activities, recovery of insurance consulting and agency activities and other service fees.

As of March 31, 2025, OCB's accumulated pre-tax profit reached 893 billion. The bad debt ratio is controlled in accordance with the regulations of the State Bank.

Mr. Pham Hong Hai, General Director of OCB said: “The bank's business results in the first quarter of 2025 have not met expectations, mainly due to the increase in bad debt, specifically secured debt of individual customers. When the economy is not doing well, individual customers are the ones who are most heavily affected, facing high rates of job loss, loss of main source of income leading to inability to repay debts... From there, it has a strong impact on the ability to repay loans at the bank. On the other hand, in the recent period, OCB has continued to invest heavily in technology, digital transformation as well as developing a nationwide business network. This investment in the short term may reduce the bank's profits, but in the long term, this is considered a good cost, aiming to create momentum for sustainable development for OCB and achieve the goals set in the coming period".

With support from the policies of the Government and the State Bank, and the real estate market gradually becoming "lively" again, we expect that bad debt in the banking sector can decrease and will gradually improve from the second quarter, as well as be more clearly reflected in the second half of the year - Mr. Hai added.

OCB is making strong changes

As one of the banks operating with the goal of stable, transparent and sustainable growth, in recent years, although the business situation has not met expectations due to impacts and influences from the market, in reality, OCB has been making strong changes towards balanced and sustainable development by quickly restructuring its business portfolio according to a strategy of diversifying revenue sources, strongly shifting its customer portfolio to customers with good growth potential, improving asset quality, promoting the effectiveness of debt management, pioneering investment in digital transformation...

To date, OCB is known as one of the pioneering banks in the journey of implementing the Open Banking model. These digital products have contributed to increasing OCB's customers and CASA ratio to an impressive level compared to previous years. For example, by the end of 2024, the number of customers connecting Open API with OCB increased by nearly 2.5 times compared to 2023, the number of new partners increased by nearly 2 times the cumulative total of previous years, with the average CASA increase of partners of more than 30% thanks to the use of Open API. For OCB OMNI digital bank, after only 7 months of launching the new version, the number of transactions on this channel increased by 74%, CASA increased by 21% and online savings deposit revenue increased by 32% compared to the same period in 2023. Currently, the transaction rate via digital channels at OCB has reached 96.2%, a fairly high level compared to other banks in the whole system.

OCB is one of the pioneer banks in the journey of implementing the Open Banking model. Photo: Provided by the unit

OCB also diversified its green credit portfolio. From there, outstanding credit grew well. As of December 31, 2024, outstanding green credit at OCB increased by more than 30% compared to 2023; accounting for 11% of total outstanding loans at the end of 2024. This activity has been highly appreciated by international financial institutions. From there, it enhanced its reputation and attracted more foreign partners and investors. Specifically, OCB has cooperated with international organizations such as IFC, PwC, DEG, etc. to strengthen and enhance green capital capacity.

With the plan set for 2025, total assets will reach 316,779 billion, up 13%, total mobilization of market 1 will reach 218,842 billion, up 14%, total outstanding loans of market 1 will increase 16%, reaching 208,472 billion, pre-tax profit will increase 33% compared to 2024, reaching 5,338 billion. OCB will focus on key action plans including: Focus on core income, increase the proportion of fee income and CASA; Focus on digital transformation and data development; Capital and risk management according to Basel standards; Building culture and improving human resource capacity. In particular, the bank will promote product diversification, achieving the goal that each individual customer will use at least 4 OCB products.

In addition, 2025 will also be the first year that OCB will pay cash dividends since its listing on the stock exchange. Thus, the total expected benefit to shareholders is 15% through the cash dividend policy at a rate of 7% of charter capital, equivalent to VND 1,726 billion and continuing to submit a proposal to increase charter capital to VND 26,631 billion by issuing shares to increase capital from equity at a rate of 8%.

Tran Huong

Source: https://congthuong.vn/ket-qua-kinh-doanh-ocb-quy-i2025-giu-da-tang-truong-tot-385387.html