PGBank maintains growth momentum in the first quarter of 2025

As of March 31, PGBank's total assets reached VND 74,890 billion, up 25% over the same period (VND 58,763 billion) and up 2.5% compared to the end of 2024 (VND 73,015 billion).

Capital mobilization in market 1 grew steadily, reaching VND 46,717 billion, up 25% over the same period (VND 37,244 billion), while outstanding credit reached VND 45,347 billion, up 29% over the same period (VND 35,186 billion), reflecting PGBank's flexibility in credit management in line with the State Bank's orientation.

PGBank continues to promote digital transformation projects to increase operational efficiency and reduce costs.

The bank's total operating income increased by 34.4%, reaching VND505.7 billion. Net profit from business activities before credit risk provisioning expenses reached VND242.5 billion, a sharp increase of 53.4% ​​over the same period. Pre-tax profit in the first quarter reached VND95.9 billion, completing 13.4% of this year's provisional plan. The bad debt ratio was controlled at 2.09%, continuing to maintain at a safe threshold.

Regarding the structure of operating income, PGBank's net interest income increased by 21.4% over the same period, equivalent to an increase of VND80.7 billion, reaching VND458.3 billion, the highest in many years, thanks to the bank's promotion of customer growth and diversification of revenue sources. Revenue from credit activities accounted for a large proportion, accounting for 90.6% of the bank's total revenue...

The positive results in the first quarter of 2025 are the result of efforts to build a foundation, strengthen internal resources, develop the team, and continue to promote digital transformation projects to increase operational efficiency, reduce costs and contribute to creating sustainable development momentum.

Mai Nguyen

Source: https://doanhnghiepvn.vn/kinh-te/tai-chinh-ngan-hang/pgbank-giu-vung-da-tang-truong-trong-quy-1-2025/20250419110014101