Bank profits improve thanks to credit growth

Banks' massive consolidated profits in the third quarter of 2025 showed many bright spots thanks to positive credit growth in the first 9 months of the year and are expected to increase sharply throughout the year.

Specifically, VPBank has just announced its 9-month business results with consolidated pre-tax profit at VND 20,396 billion, 47.1% higher than the same period last year, completing 81% of the 2025 plan.

VPBank's total consolidated assets reached VND1,180 trillion, up 27.5% compared to the beginning of the year; total individual assets were over VND1,100 trillion. VPBank's consolidated credit balance reached nearly VND912 trillion, up 28.4% thanks to contributions from both the parent bank and its member companies. Of which, individual bank credit was at VND813 trillion.

By the end of the first 9 months of 2025,SHB's pre-tax profit reached VND 12,307 billion, up 36% over the same period and achieved 85% of the yearly plan. As of September 30, 2025, SHB's total assets reached VND 852,695 billion, up 14% compared to the end of 2024. Outstanding credit balance reached nearly VND 616,600 billion, up 15% compared to the beginning of the year.

Bank profits improve thanks to high credit growth.

LPBank's accumulated pre-tax profit reached VND9,612 billion after 9 months, up 9% compared to the same period in 2024. The main driving force came from the third quarter of 2025 when pre-tax profit reached VND3,448 billion, up 15.3% compared to the previous quarter and up 18.9% compared to the same period in 2024. As of September 30, 2025, LPBank's total assets reached VND539,149 billion, up 18.3% over the same period and up more than 6% compared to the beginning of the year. Of which, LPBank's outstanding credit balance reached VND387,898 billion, recording a growth rate of 17% compared to the beginning of 2025. Capital mobilization reached VND389,638 billion, up 15% since the beginning of the year.

KienlongBank achieved VND1,537 billion in pre-tax profit after 3 quarters, double the same period last year and completing 112% of the yearly plan. After 9 months, KienlongBank's total assets reached VND97,716 billion, mobilized capital reached VND87,491 billion, and outstanding credit reached VND70,922 billion - increasing by more than VND5,500, VND7,300 and VND9,400 billion respectively compared to the beginning of the year.

PGBank's pre-tax profit in the first 9 months of 2025 reached nearly VND 497 billion, up 44% over the same period in 2024. By September 30, PGBank's total assets reached nearly VND 79,838 billion, up 9.3% over the end of 2024. Outstanding loans to customers reached VND 44,349 billion, up 7.5%. The bad debt ratio according to Circular 31 reached 2.84%. Customer deposits reached VND 44,375 billion, up 2.4%, while deposits at other credit institutions and issuance of valuable papers increased sharply.

At the end of the first 9 months of 2025, BAOVIET Bank recorded pre-tax profit of VND 58.6 billion, an increase of 81% over the same period. BAOVIET Bank's total assets as of September 30, 2025 reached more than VND 89,700 billion. Of which, outstanding loans to customers increased by 16.54% compared to the beginning of the year, reaching more than VND 55,625 billion. Capital mobilization increased by 12.34%, reaching VND 66,743 billion.

According to information from NCB, the bank continued to record positive business performance in the third quarter of 2025 with NCB's after-tax profit estimated at nearly VND 190 billion. Accumulated for the first 9 months of 2025, NCB's after-tax profit is estimated at more than VND 652 billion.

Compared to the 2025 plan, NCB has officially reached the finish line and exceeded the business plan after only 9 months. Of which, total assets as of September 30 are estimated at more than VND 154,100 billion, up 30% compared to the end of 2024 and exceeding the plan by 14%; capital mobilization (excluding issuance of valuable papers) is estimated at nearly VND 119,326 billion and customer loans are estimated at more than VND 94,956 billion, up 24% and 33% respectively compared to the end of 2024 and exceeding 1% and 3% respectively compared to the 2025 plan.

In the first 9 months of 2025, VietABank achieved VND 1,050 billion in pre-tax profit, an increase of 32% over the same period in 2024. As of September 30, VietABank's total consolidated assets reached VND 134,614 billion, an increase of 12.3% over the beginning of the year. Outstanding customer loans reached VND 85,811 billion, an increase of 8.4%. Customer deposits reached VND 97,984 billion, an increase of 8.5% over the beginning of the year.

Previously, Nam A Bank announced its business results for the first 9 months of the year with pre-tax profit reaching more than VND 3,800 billion, an increase of nearly VND 520 billion over the same period last year (equivalent to 16%) and completing 77% of the yearly plan. Total assets as of the end of September 2025 reached more than VND 377,000 billion, an increase of more than VND 132,000 billion compared to the beginning of the year. Deposits from economic organizations and residents increased by more than VND 35,000 billion, equivalent to an increase of more than 20% compared to the beginning of 2025. Outstanding credit increased by more than VND 30,000 billion, equivalent to an increase of more than 17.88% compared to the beginning of 2025, while the investment bond portfolio increased by nearly VND 14,000 billion.

VCBS believes that credit growth in the entire banking industry at the end of the third quarter of 2025 is forecast to continue to accelerate and the net interest margin ( NIM) ratio is starting to show signs of bottoming out at some banks. In addition, banks are starting to shift their loan portfolios to higher yielding sectors such as real estate, including home loans.

According to data from the State Bank of Vietnam (SBV), as of September 29, the total outstanding debt of the economy is estimated at 17.7 million billion VND, up 13.37% compared to the end of last year. Compared to the same period in 2024, this index in the first 9 months of the year was 4% higher. Of which, 78% of outstanding debt was granted to the production and business sectors. The credit "room" this year was set by the monetary management agency at about 16%, to support the Government's GDP growth target of over 8%.

With the current growth momentum, SBV leaders forecast that credit growth for the whole year could reach 19-20%, exceeding the yearly plan. SBV Regional Branch 2 said that by the end of September 2025, the total outstanding credit balance of credit institutions in Ho Chi Minh City is estimated to reach VND4.8 million billion, an increase of 9.0% compared to the end of 2024.

MB Securities (MBS) commented that the banking industry's profit picture in the third quarter of 2025 is more positive than in the first half of this year, thanks to continued positive credit growth and stable net interest margin (NIM).

According to MBS analysts, 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. Therefore, the third quarter after-tax profit of listed banks will increase by about 21.5% compared to the same period, an improvement compared to the 18.7% of the second quarter of 2025.

Source: https://baodautu.vn/loi-nhuan-ngan-hang-khoi-sac-nho-tin-dung-tang-d419103.html