Credit growth, banks report impressive profits

According to the recently released financial report for the second quarter of 2025, Kienlongbank recorded a consolidated pre-tax profit of VND 565 billion, an increase of 67.2% over the same period last year. This is also the highest quarterly profit of the Bank since the first quarter of 2021. In the first 6 months of this year, the bank's pre-tax profit reached VND 921 billion, an increase of 67% over the same period in 2024 and achieved nearly 67% of the 2025 business plan (VND 1,379 billion).

Kienlongbank's profit growth momentum comes from increasing revenue and cutting operating costs. By the end of the second quarter, the bank's total assets reached VND97,630 billion, up 5.9% compared to the beginning of the year. Of which, outstanding loans to customers reached more than VND69,547 billion, up 13.2%. Kienlongbank's bad debt balance as of June 30, 2025 was VND1,366 billion, the bad debt ratio to total outstanding loans decreased from 2.02% at the beginning of the year to 1.96%. By the end of the second quarter, Kienlongbank's customer deposits reached VND73,174 billion, up 15.2% compared to the beginning of the year, the highest 6-month growth rate in many years.

TPBank 's business results for the first 6 months of the year also had many bright colors, with pre-tax profit expected to reach over 4,100 billion VND, an increase of more than 12% over the same period.

TPBank's positive profit in the first 6 months of the year was due to credit growth reaching nearly 11.7%, focusing mainly on retail, controlled real estate and consumer finance - areas that bring high net profit margins.

Nam A Bank has also just announced its business results for the first 6 months of 2025. Accordingly, pre-tax profit reached over VND 2,500 billion, an increase of 14% over the same period in 2024. The above results contributed to helping Nam A Bank's ROE maintain nearly 20%, ROA reaching 1.5%.

Nam A Bank's total assets reached nearly VND 315,000 billion by the end of June 2025, an increase of more than 30% compared to the beginning of the year, marking a step forward in the scale of operations of this bank in 32 years of operation.

Previously, three state-owned banks, VietinBank, Agribank and Vietcombank, also announced preliminary business results for the first 6 months of the year.

VietinBank said that the bank has achieved positive results. Specifically, outstanding credit growth is estimated at 10% compared to the end of 2024; mobilized capital increased by an estimated 9% compared to the end of 2024; profit before risk provisions continued to grow compared to the same period in 2024. Many analysis organizations highly appreciate VietinBank 's growth potential in the coming time.

For Agribank, the business performance of the entire system in the first 6 months of the year was quite good compared to the same period last year, the highest after 4 years of implementing the restructuring plan associated with bad debt settlement in the period 2021-2025. Accordingly, in the first 6 months of the year, Agribank's mobilized capital reached over 2.1 million billion VND; outstanding loans reached over 1.85 million billion VND, higher than the same period in 2024. Of which, outstanding loans for agriculture and rural areas reached over 1.13 million billion VND, accounting for over 61% of outstanding loans in the economy.

Similarly, Vietcombank also excellently and comprehensively completed its business targets, maintaining its position as the leading bank in terms of quality and operational efficiency; its business structure shifted towards safety, efficiency, and sustainability with many outstanding results in the first 6 months of 2025. Mr. Nguyen Thanh Tung, Chairman of the Board of Directors of Vietcombank, shared that the Bank's total assets are estimated at over VND 2.1 million billion, an increase of 1.8% compared to the end of 2024; total outstanding credit balance for the economy is estimated to increase by more than 5% compared to the end of 2024. The credit structure continues to shift towards quality, efficiency, and sustainability.

The State Bank of Vietnam (SBV) informed that as of June 30, 2025, system-wide credit increased by nearly 10%, 2.5 times higher than the same period in 2024 with a huge amount of credit released to the economy.

Mr. Pham Chi Quang, Director of the Monetary Policy Department (SBV), said that in order for the economy to achieve 8% growth this year and double-digit growth in the following years, credit is an indispensable driving force. Credit is forecast to likely increase higher than the target of 16% for 2025. Inflation will be controlled according to the target, so the possibility of credit being released to the economy this year will be large. However, according to Mr. Quang, the SBV also strictly controls to balance the inflation target and the release of capital into the economy, so it will consider loosening the credit room for banks to have more room for lending.

Analysts say it will not be difficult to achieve the credit target of 16% for 2025, so bank profits will be positively impacted. Bad debt will be somewhat accelerated when Resolution No. 42/2017/QH14 of the National Assembly on piloting the handling of bad debt of credit institutions is legalized, banks will have the opportunity to reduce risk provisions, narrowing the profit gap, even though the net interest margin will decrease.

Source: https://baodautu.vn/tin-dung-khoi-sac-cac-nha-bang-bao-lai-an-tuong-d334020.html