The first banks to announce first quarter 2025 profits

Sharing at the recent 2025 General Meeting of Shareholders, VIB Chairman Dang Khac Vy said that the bank's estimated profit in the first quarter of 2025 would reach 20-22% of the 11,000 billion VND plan for the whole year of 2025, or more than 2,200 billion VND. As of March 20, the total outstanding debt of the whole system increased by nearly 2%, while VIB's outstanding debt increased by approximately 3%. Notably, VIB Chairman Dang Khac Vy also said that the growth in the later quarters would be better, about 30-40% compared to the first quarter.

TPBank reported a profit of nearly VND1,430 billion in the first two months of 2025 , reflecting strong growth momentum and effective business strategy. The bank is expected to continue to maintain its strong growth momentum with an expected profit of VND2,100 billion by the end of the first quarter of 2025, equivalent to a growth rate of 14.8% over the same period last year. This growth momentum comes from expanding business operations, optimizing financial efficiency and effectively controlling costs.

TPBank's total operating income continued to grow impressively, reaching over VND2,800 billion in the first two months of the year and is expected to reach VND4,300 billion by the end of the first quarter. Outstanding customer loans also recorded significant growth, reaching VND263,920 billion and are forecast to reach about VND269,000 billion by the end of the first quarter of 2025. With a CASA ratio maintained at over 20%, TPBank continues to ensure low-cost capital mobilization, contributing to improving operational efficiency and stable profitability. At the same time, the capital adequacy ratio (CAR) remains above 13%, affirming financial stability and tight risk control.

Net interest margins (NIMs) of many banks will improve in 2025.

In a newly published report, analysts from MBS Securities Company assessed that TPBank is possessing a great advantage thanks to its leading position in the digital banking sector, helping to expand access to young customers and increase credit growth. In 2025, TPBank's credit growth is forecast to reach 16% thanks to its focus on the high-income customer segment, millennials and business households with two key products: auto loans and home mortgage loans.

Experts expect asset quality to continue to improve in 2025 thanks to a warming economy and a recovery in production and business activities. Meanwhile, the ratio of group 2 debt to total outstanding debt has continuously decreased for 6 quarters (-26 basis points compared to the previous quarter), helping to reduce the pressure on increasing bad debt in 2025. At the same time, TPBank will continue to strengthen its balance sheet through debt forgiveness and provisioning in 2025. With all the above drivers, MBS experts forecast that TPBank can achieve pre-tax profit of VND9,116 billion for the whole year of 2025, a 20% increase compared to the results achieved in 2024.

Meanwhile, Nam A Bank also recorded positive profits. In the first two months of the year alone, the bank's profit reached more than VND 900 billion, up 30% over the same period last year and achieving 18% of the year's target of VND 5,000 billion. In early 2025, for the first time, Nam A Bank recorded total assets exceeding USD 10 billion, reaching VND 266,000 billion, up 8.5% compared to the end of 2024. Total capital mobilized from economic organizations and residents reached more than VND 201,000 billion, up 13% compared to the end of 2024. Outstanding loans reached nearly VND 175,000 billion, up nearly 4% and investment activities in valuable papers reached nearly VND 27,400 billion, up 31% compared to the end of 2024.

Although specific figures have not been released, NCB bank leaders revealed that total revenue in the first months of 2025 is showing many positive signs. The bank expects total revenue in the first quarter of 2025 to exceed the plan by about 25% and will be profitable.

The banking industry's profit picture in the first quarter of 2025 shows many positive signs, especially credit. The State Bank said that as of March 12, credit increased by 1.24% compared to the beginning of this year. With the credit target of 16% this year, an additional VND2.5 million billion will be injected into the market.

According to the latest report from VCBS Securities Company , all banks on the watch list are forecast to increase pre-tax profit in the first quarter of 2025. Notably, Sacombank and Techcombank have an impressive increase of 25%, expected to reach VND 3,326 billion and VND 9,752 billion respectively in the first quarter of 2025. Some other banks also recorded strong increases such as: MB increased by 22%, VietinBank increased by 20%, MSB increased by 17%, BIDV increased by 16%, HDBank and VIB both increased by 15% and VPBank increased by 10%. ACB and TPBank are forecast to increase by 5% and 8% respectively.

VCBS experts forecast that the net interest margin (NIM) of many banks will improve in 2025, thanks to positive credit growth prospects, especially at banks such as VIB, Techcombank, MB, HDBank and VPBank. In addition, some banks such as MSB and Sacombank are expected to record extraordinary income from bad debt collection activities.

Notably, VCBS believes that the progress of handling Sacombank's outstanding assets will be accelerated, with the goal of completion in the 2025 - 2026 period. Accordingly, Sacombank can fully repay VAMC bonds and completely handle bad debts according to the restructuring project in the next two years.

Meanwhile, according to SSI Research's report, the group of banks with pre-tax profits in the first quarter of 2025 increasing sharply compared to the same period last year are Sacombank (up 51%), VietinBank (up 42%), VPBank (up 32%), HDBank (up 19%) and MSB (up 11%). Meanwhile, the group with pre-tax profits growing below 10% includes TPBank (up 9%), Techcombank (up 6%) and Vietcombank (up 3%).

Source: https://baodautu.vn/nhung-ngan-hang-dau-tien-cong-bo-loi-nhuan-quy-i2025-d261174.html