Why do many banks report the highest profits in their history?

(NLDO) – In just 9 months, many banks have reported profits far exceeding their yearly plans, including banks reporting the highest profits in their history of operations.

Many banks report "huge" profits

The latest report up to now is that the Military Bank (MB) reported that by the end of September 2025, the total consolidated assets of this bank reached 1,329 trillion VND, an increase of 17.7% compared to the beginning of the year, in the group of banks with the highest growth rate in the system.

Outstanding credit and bond investment of economic organizations increased by 18.6%, in which outstanding loans to priority sectors such as small and medium enterprises and retail increased by double digits to proactively supply capital to the economy, especially in the fields of production, consumption and infrastructure investment.

These factors helped MB achieve pre-tax profit of more than VND23,100 billion, up 12% over the same period. The consolidated bad debt ratio was only 1.87%, down 0.36% over the same period.

	2025	2024
Techcombank	23400	22842
MB	23139	20736
VPBank	20396	13861
LPBank	9612	8818
SHB	12307	9048
Nam A Bank	3800	3323
ACB	16000	15335

According to statistics from the Lao Dong Newspaper, up to this point, a series of commercial banks have announced their 9-month business results such as MB, ACB, Agribank, SHB, Techcombank, VPBank, Kienlongbank, NCB, Nam A Bank, LPBank...

The banking industry's business performance picture to date continues to be outstanding, in the context of high credit growth and breakthrough service revenue, increasing CASA ratio (non-term deposits) helping to reduce banks' input costs.

Notably, many banks reported double-digit profit growth, even reporting profits in the third quarter of 2025 or reporting the highest 9-month profits in their operating history.

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) said that pre-tax profit for the first 9 months reached VND23,400 billion and in the third quarter of 2025 alone reached VND8,300 billion, up 14.4% over the same period, the highest quarterly profit ever of this bank. Techcombank's profit comes from strong growth in interest income, service fees and foreign exchange trading.

According to Techcombank CEO Jens Lottner, this positive result was driven by strong credit demand, along with the "customer-centric" strategy and the growth momentum of the Vietnamese economy. The initial public offering (IPO) of Techcombank Securities (TCX) with oversubscribed shares is a historic milestone for Techcombank and the Vietnamese capital market.

Highest interest over the years

At Loc Phat Vietnam Bank (LPBank), in the first 9 months of 2025, this bank achieved pre-tax profit of more than VND 9,600 billion, also the highest level in its history of operations.

The driving force for LPBank to have a record high profit comes from the pre-tax profit in the third quarter reaching VND3,448 billion, up 15.3% compared to the previous quarter, thanks to stable net interest income; high increase in non-interest income.

Smaller banks also exceeded their annual profit targets or achieved triple-digit profit growth. For example, National Citizen Bank (NCB) recorded positive business performance in the third quarter when net interest income was estimated at more than VND685 billion, up 150%; service income increased by 370% over the same period. At the end of the third quarter, NCB's total quarterly profit after tax was estimated at nearly VND190 billion.

"In the first 9 months, NCB's after-tax profit is estimated to reach more than 652 billion VND, marking a clear and strong change compared to the negative results of the same period in 2024. Compared to the plan for the whole year, NCB has officially reached the finish line and exceeded the business plan after only 9 months" - said a representative of this bank.

Similarly, Kienlongbank also had a triple-digit profit growth. The bank said its consolidated profit after tax in the third quarter reached VND491.8 billion, up more than 194% over the same period.

Accumulated in 9 months, the bank's consolidated profit after tax was more than VND 1,128 billion, an increase of more than 102% over the same period, coming from factors of expanding non-credit services, developing a comprehensive digital ecosystem combined with cost control, strengthening risk management...

Source: https://nld.com.vn/vi-sao-nhieu-ngan-hang-bao-lai-cao-nhat-lich-su-hoat-dong-196251026161648325.htm