ACB's first quarter profit reached 4,600 billion VND

Accordingly, at the end of the first quarter, ACB's pre-tax profit reached VND4,600 billion, down 6% year-on-year, mainly due to the bank's proactive implementation of preferential interest rate programs to support customers and promote economic growth. ACB still maintained its ROE (profitability index) at a level higher than 20%, among the leading groups in the banking industry. Activities contributing to ACB's profit increase in the first quarter included: Service fees increased by more than 17% year-on-year; card business grew by 161%; revenue from foreign exchange trading, income from other activities... ACB also proactively controlled costs, optimized operations, creating conditions for the bank to implement preferential interest rates to support customers.

By the end of the first quarter, ACB's outstanding credit balance reached VND590,000 billion, up 3.1% over the same period last year; ACB's capital mobilization (including customer deposits and valuable papers) reached VND664,000 billion, up 4% over the same period last year. The bad debt ratio decreased slightly compared to the end of 2024, to only 1.48%. ACB still maintains high capital safety indicators such as: Loan-to-deposit ratio (LDR) at 79.8%, short-term capital ratio for medium and long-term loans at 18.8% and consolidated capital safety ratio (CAR) over 11%... The stable increase in capital mobilization helps the bank have abundant capital sources, meeting credit needs and ensuring liquidity.

H.DUNG

Source: https://baokhanhhoa.vn/kinh-te/202504/loi-nhuan-quy-i-cua-acb-dat-4600-ty-dong-2ab06a1/