In the first half of 2025, VPBank set a new milestone in the group of Vietnamese private banks with assets exceeding VND 1.1 million billion and profits of over VND 11,200 billion.
Seizing opportunities from the domestic macro environment, with a breakthrough strategy, solid risk management capacity and pioneering products and services, Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HoSE: VPB) is simultaneously promoting two goals of outstanding development in scale while still ensuring growth quality in the first half of 2025.
Total assets exceed 1.1 million billion VND, growth in scale goes hand in hand with quality
By the end of the first half of 2025, VPBank will become the private bank with the largest total assets, with a consolidated figure exceeding VND 1.1 million billion, while individual banks will also approach VND 1.05 million billion. Of which, VPBank's consolidated credit balance reached more than VND 842,000 billion, up 18.6% compared to the beginning of the year and 30.3% over the same period, with contributions from both the parent bank and its subsidiaries. Responding to Resolution 68 on promoting the private economic sector, the strategic segment of small and medium-sized enterprise (SME) customers increased by 20% thanks to the effective implementation of lending programs by region, industry and priority sectors.
As a solid foundation for credit, mobilization of deposits and individual valuable papers continued to make a breakthrough, increasing by 27.5% compared to the beginning of the year - more than 4 times the industry average (6.11% as of June 26). In particular, thanks to a series of outstanding initiatives such as the Super Profit tool or accompanying the VPBank K-star Spark in Vietnam music festival, the scale of non-term deposits (CASA) has approached the 100,000 billion VND mark, an increase of nearly 40%.
At the same time, VPBank continuously made its mark and affirmed its reputation in the international market when it successfully mobilized a record syndicated loan worth 1.56 billion USD in the first 6 months of the year from leading financial institutions.
Along with the outstanding growth in scale is the continuous improvement in asset quality when the individual bad debt ratio according to Circular 31 is controlled at 2.31%. In particular, group 2 debt decreased for the fourth consecutive quarter, creating room for improving asset quality in the future.
After 6 months, the consolidated collection from risk-handled debt exceeded VND 1,700 billion, demonstrating the bank's drastic and effective efforts in asset handling. The official legalization of Resolution 42 is an important boost, creating a solid legal corridor for VPBank to promote bad debt recovery activities, consolidating a healthy and sustainable financial foundation.
With abundant mobilization sources, safety ratios such as loans to total deposits (LDR) and short-term capital for medium and long-term loans are controlled at 80.2% and 25.8% respectively, always maintained within the limits prescribed by the State Bank.
The consolidated capital adequacy ratio (CAR) continues to be among the highest in the market, reaching nearly 14%. In the second quarter, VPBank spent nearly VND4,000 billion to pay dividends, affirming its solid financial capacity and its respect and long-term commitment to shareholders.
6-month profit reached over 11,200 billion VND, up 30%
With the above solid foundations, VPBank's consolidated pre-tax profit in the first half of the year reached VND11,229 billion, up 30% over the same period. In the second quarter alone, profit was VND6,215 billion, exceeding the expectations of many securities companies. After 6 months, the bank has achieved 44% of the annual profit plan, and is very close to the total assets target by the end of the year (VND1.13 trillion).
Growth momentum comes from both the parent bank and its subsidiaries, demonstrating the clear effectiveness of the strategy of building a differentiated, expanded ecosystem. Individual banks continue to play a pivotal role, with pre-tax profit reaching VND5,753 billion in the second quarter, an impressive growth of 61%.
Taking advantage of the vibrant stock market, VPBankS reported record profits in the first half of this year with nearly VND900 billion, a remarkable growth of 80%. Margin loans reached nearly VND18,000 billion, ranking in the top 4 in terms of margin scale in the entire securities industry. In the consumer finance segment, FE CREDIT made a profit for the 5th consecutive quarter, reaching VND270 billion in the first half of the year, affirming the effectiveness of the comprehensive restructuring process.
In addition, pieces such as OPES Insurance and CAKE by VPBank digital bank also contribute positively to VPBank's financial ecosystem, through the continuous expansion of services and improvement of user experience on modern technology platforms. GPBank - the newest member of VPBank's ecosystem - is gradually transforming strongly and preparing to announce a new strategy, image, and establish a modern information technology system.
Leading growth with pioneering initiatives and premium experiences
Not only making its mark with financial figures, VPBank also demonstrates its ability to create sustainable growth through pioneering initiatives, world-class experiences and a solid governance foundation.
A typical example is the VPBank K-star Spark in Vietnam music festival - a cultural and entertainment event with the participation of global music legend G-Dragon, attracting more than 40,000 audiences, more than 128 million impressions and more than 30 million interactions on social networking platforms. Not only spreading the brand, the program is also a strong boost for business activities: The number of newly opened credit cards increased by 45%, card spending increased by more than 51%, nearly 30,000 Super Profit accounts were opened and the balance of payment accounts increased by more than 4,000 billion VND.
Over the years, VPBank has always considered corporate governance as the core foundation to ensure stable operations and long-term growth. The Bank has built a transparent, effective governance system that is in line with international practices and exceeds compliance standards, in which decisions are made based on the principles of prudence, integrity and balancing the interests of shareholders, stakeholders and the community. As a result, VPBank was honored in the Top 5 listed enterprises with the highest ASEAN Corporate Governance Scorecard (ACGS) assessment results in 2024.
In order to continue its segment coverage strategy and affirm its position as a leading multi-functional bank, VPBank has launched VPBank Private - a specialized financial service exclusively for the elite. The segment aims to fully meet specific financial needs and strict expectations for a standard living ecosystem, where the bank not only manages assets but also accompanies customers on the journey of creating and preserving long-term value.
The economic picture in the second half of the year still has many unknowns, from the pressure of tariffs causing a decline in purchasing power, the slow cooling of bad debts in real estate, to the pressure of capital costs and the pressure to lower interest rates to support the economy. However, with outstanding achievements in the first half of the year and a solid foundation of capital, liquidity, technology and governance, VPBank is ready to face all challenges, make a strong breakthrough, and consolidate its leading position on the financial map of Vietnam.
Source: https://baolamdong.vn/tang-truong-dong-bo-ca-ve-luong-va-chat-tong-tai-san-vpbank-vuot-moc-1-1-trieu-ty-dong-383230.html
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