PGBank reported pre-tax profit of nearly 500 billion VND after 9 months

DNVN - Prosperity and Development Joint Stock Commercial Bank (PGBank) has just announced its business results for the first 9 months of 2025 with many positive signals about scale, efficiency and financial foundation, continuing to affirm its orientation of safe, effective and sustainable growth.

As of September 30, PGBank's total assets reached nearly VND 79,838 billion, up 9.3% compared to the end of 2024. Outstanding customer loans reached VND 44,349 billion, up 7.5%, in line with PGBank's orientation of prudent credit growth and tight risk control.

Customer deposits reached VND44,375 billion, up 2.4%, while deposits from other credit institutions and issuance of valuable papers increased sharply, reflecting proactive capital diversification and liquidity management. The investment securities portfolio nearly doubled, from VND4,251 billion to VND8,171 billion, flexibly supporting liquidity and investment income.

In the first 9 months of the year, PGBank continued to invest heavily in digital transformation and system modernization.

In addition, the bank's charter capital was increased to VND5,000 billion, bringing equity to VND6,362 billion, an increase of 23% compared to the beginning of the year, contributing to strengthening financial capacity and creating momentum for the next growth phase.

According to the consolidated financial report, PGBank's pre-tax profit in the first 9 months of 2025 reached VND496.8 billion, an increase of 44% over the same period in 2024. Total operating income reached about VND1,699 billion, of which net interest income accounted for 82%, reaching VND1,396 billion, reflecting the ability to effectively exploit capital resources and optimally manage capital costs in the context of low interest rates. Non-interest activities also recorded positive contributions: foreign exchange trading reached VND73 billion, securities investment brought in VND83 billion, other activities contributed VND114 billion.

PGBank continues to maintain a prudent provisioning policy, capital adequacy, liquidity and loan-to-deposit ratio (LDR) indicators remain within the limits prescribed by the State Bank. The bad debt ratio according to Circular 31 reached 2.84%.

In the first 9 months of the year, PGBank continued to invest heavily in digital transformation, system modernization, successfully deployed the new generation Core Banking system (T24) and many strategic projects in the fields of digital banking, ESG and corporate culture.

With positive results in the first 9 months of the year, along with stable credit growth, PGBank expects to complete its 2025 business targets, while continuing to improve operational efficiency, financial capacity and service quality.

Pham Thu

Source: https://doanhnghiepvn.vn/kinh-te/pgbank-bao-lai-truoc-thue-gan-500-ty-dong-sau-9-thang/20251020040204707