Vietcombank : Champion in profit

Vietcombank's pre-tax profit in the second quarter was the highest in the system at VND10,762 billion, up 9.59% over the same period.

In the first 6 months of this year, Vietcombank achieved a new record in pre-tax profit of VND21,339 billion, up 5.59% over the same period last year, leading the industry in profit.

However, Vietcombank is the bank with the lowest customer loan balance in the Big4 group, with 1,541 trillion VND as of June 30, up 7% compared to the beginning of the year.

The bad debt ratio remains low, at 1% of total outstanding loans, but has increased slightly compared to 0.97% at the beginning of the year.

Vietcombank's credit risk provisioning cost in the first 6 months of the year was 1,500 billion VND, half that of the same period.

Meanwhile, customer mobilization as of June 30 was 1.59 million billion VND, an increase of 5% compared to the end of 2024.

The balance of demand deposits (CASA) reached nearly VND 553,000 billion, equivalent to 35% of total mobilized capital. This ratio remains unchanged compared to December 31, 2024, but Vietcombank still leads the Big4 group.

As of June 30, Vietcombank had 23,347 employees, down 191 people compared to the end of 2024.

Notably, the average income of Vietcombank employees exceeded 40 million VND for the first time, reaching 42 million VND/person/month, an increase of 4 million VND compared to the average income in 2024.

Besides Vietcombank, only Techcombank and Sacombank are two banks with average employee income exceeding 40 million VND/month.

VietinBank : Number of employees decreased sharply

A notable point in VietinBank's second quarter financial report is that the number of employees decreased sharply by 2,224 people in just 6 months, making VietinBank the bank with the strongest staff reduction, not only in the Big4 group but in the entire banking system.

As of June 30, this bank had 22,507 employees, the bank with the lowest number of employees in the Big4 group.

Along with streamlining the apparatus, the average income of VietinBank employees increased by 1 million VND compared to the average level in 2024, currently 38 million VND/person/month.

VietinBank announced pre-tax profit in the second quarter of 11,398 billion VND, a sharp increase of 77% compared to the same period last year. In the first 6 months of the year, this bank achieved 17,435 billion VND in pre-tax profit, an increase of 43% compared to the same period last year - the highest profit growth rate in the Big4 group.

As of June 30, VietinBank's total outstanding customer loans were VND 1,884 trillion, an increase of 10% compared to the end of 2024.

Bad debt as of June 30 was 1.31%, up slightly from the 1.24% rate at the end of 2024.

Customer deposits as of June 30 at VietinBank amounted to VND 1,717 trillion, up 7.08% compared to the end of 2024. Of which, the CASA ratio was 24%.

BIDV: Mobilization and lending exceed 2 million billion VND

For the first time, lending and mobilization at BIDV exceeded the threshold of 2 million billion VND after the end of the first two quarters of the year, becoming the leading bank in the system in terms of lending and mobilization capital.

Specifically, BIDV's customer loans as of June 30 amounted to VND2,135 trillion, up 6% from the beginning of the year. The bad debt ratio was 1.94% of total outstanding loans, up from 1.37% at the end of 2024.

Regarding deposit mobilization, BIDV's customer deposit balance as of June 30 was VND2,051 trillion, up 6% compared to the beginning of the year.

Of which, CASA balance reached 406 trillion VND, accounting for 20% of total mobilization.

Pre-tax profit in the second quarter reached VND8,240 billion, accumulated profit in the first 6 months reached VND15,259 billion, up 6.07% and 2.6% respectively over the same period.

As of June 30, BIDV had 26,675 employees, an increase of 606 people compared to the beginning of the year - the only bank in the Big4 group to record personnel growth.

However, the average income of BIDV employees in the past 6 months decreased by 2 million VND compared to the average income in 2024, to 35 million VND/person/month.

Agribank: Bad debt decreased sharply

While bad debt at the three “big guys” all increased, Agribank recorded a decrease in bad debt to 1.44% after the end of the second quarter. This is thanks to the bank’s efforts to recover bad debt in the past two quarters. Previously, Agribank recorded a bad debt ratio of 1.68% at the end of the 2024 fiscal year.

Agribank's risk provisioning costs also increased sharply by 61%, reaching VND17,825 billion after the end of the second quarter. Creating a solid reserve buffer is also the reason why the bank's profit growth rate is the lowest among the four state-owned commercial banks.

According to Agribank's separate financial report, the bank's pre-tax profit in the first half of the year increased slightly to VND13,026 billion.

Customer loans as of June 30 were VND1,851 trillion, up 8% over the beginning of the year.

Meanwhile, customer deposits as of June 30 reached a record VND2,043 trillion, up 7% compared to the beginning of the year and surpassing the VND2,043 trillion threshold for the first time.

Following the general trend, Agribank also cut nearly 300 employees compared to the beginning of the year. With the characteristics of a bank serving the agricultural sector, farmers and rural areas, Agribank has a nationwide network, so the bank also has the largest number of employees, up to 40,691 people.

The average income of Agribank employees reached 30.3 million VND/person/month, a decrease of 3 million VND compared to the average in 2024.

Source: https://vietnamnet.vn/so-gang-ngan-hang-big4-lo-dien-quan-quan-loi-nhuan-2427243.html