ABBANK's pre-tax profit increased by 128% over the same period

As of March 31, 2025, ABBANK's total assets reached VND 183,659 billion, up 4% compared to the beginning of the year, reaching 92% of the yearly plan; mobilization from customers and issuance of valuable papers reached VND 112,067 billion; outstanding credit reached VND 100,352 billion.

ABBANK has set aside VND 340 billion in the first quarter of 2025 for credit risk provisions and debt repurchase from VAMC. At the same time, ABBANK continues to strengthen bad debt control, thereby keeping the bad debt ratio strictly controlled at 2.44%, maintained below 3% as prescribed in Circular No. 11/2021/TT-NHNN of the State Bank.

According to Mr. Pham Duy Hieu - General Director of ABBANK, the first quarter of 2025 saw good improvement for the bank compared to the previous year.

ABBANK's pre-tax profit in the first quarter of 2025 will reach VND 407 billion, an increase of 128% over the same period in 2024. The capital adequacy ratio (CAR) at 10.46% complies with the above 8% standard of the State Bank of Vietnam, ensuring ABBANK's solid capital framework for business operations.

In the first quarter of 2025, digital banking activities at ABBANK continued to record positive results. The ABBANK Business platform was upgraded with many convenient features for businesses such as: online international money transfer - significantly reducing processing time; online biometric updates and online foreign currency trading... helping the application maintain growth momentum with the number of transactions on digital channels accounting for 56% of the total transactions of corporate customers at ABBANK. In particular, the online international money transfer feature has shown its effectiveness when contributing to 24% of the total international money transfer transactions of corporate customers in the first quarter of 2025.

For the new digital banking platform for individual customers, the application named ABBANK has been introduced and deployed to the bank's existing customers. In particular, the addition of the feature "Voice balance change notification" - playing sound even when the customer's device screen is off has contributed to the new ABBANK application being positively received by users, especially the group of individual business households.

Ngoc Tran

Source: https://doanhnghiepvn.vn/kinh-te/tai-chinh-ngan-hang/loi-nhuan-truoc-thue-abbank-tang-128-so-voi-cung-ky/20250430115806219