Positive, safe and efficient growth
In the first 3 months of 2025, VietinBank has actively and synchronously deployed business solutions, proactively optimized cost efficiency and strengthened asset quality control, creating conditions for continued safe and effective growth:
Total assets reached VND 2,470 trillion, up 3.5% compared to the end of 2024. Outstanding loans reached VND 1,800 trillion, up 4.6% compared to the end of 2024, higher than the industry's credit growth rate (3.9%). Outstanding loans grew focused on production and business sectors, evenly across both corporate and retail customer segments.
Customer deposits reached VND 1,621 trillion, up 0.9% compared to the end of 2024. Of which, VietinBank's CASA capital reached VND 395 trillion, up 24.7% over the same period. The proportion of CASA/total mobilized capital reached 24.4%.
VietinBank continues to improve the efficiency of using and managing operating costs, prioritizing business promotion activities, digital transformation and key projects of the bank. The CIR ratio is at 27%, down 0.5% compared to the end of 2024. Debt recovery for risk settlement reached VND 1.9 trillion, up 190.5% over the same period in 2024.
Net operating profit before credit risk provision expenses in the first quarter of 2025 reached VND14.9 trillion, up 4.7% over the same period in 2024, continuing to be the highest in the banking industry. Pre-tax profit reached VND6.8 trillion, up 9.9% over the same period in 2024.
VietinBank's bad debt/loan balance ratio at the end of the first quarter of 2025 was controlled at 1.55%, lower than the 1.8% rate approved by the 2025 Annual General Meeting of Shareholders. The bad debt coverage ratio reached 136.8%, continuing to remain high compared to the banking industry average. Liquidity ratios were controlled at a safe level, in compliance with the regulations of the State Bank.
VietinBank's Q1/2025 Business Results Update Conference |
Continue to vigorously implement comprehensive digital transformation
In addition to business results, VietinBank continues to vigorously implement initiatives to comprehensively digitalize business and management activities. In addition to the 45 initiatives deployed since 2024, in 2025, VietinBank has kicked-off the implementation of 35 new digital transformation initiatives.
VietinBank launched an online payment account opening service (eKYC) for corporate customers, helping corporate customers easily open online payment accounts on a digital platform, without the need to refund paper documents, with easy and quick implementation steps, applying modern technology and safe security.
VietinBank also focuses on fundamental initiatives in information technology, investing in modernization of technology infrastructure, data, and risk management to enhance technological strength, data capacity, and increase safety and security in customer transactions.
At the same time, VietinBank has established the Data and Artificial Intelligence Division with a focus on building data management capacity, developing data platforms and applying advanced analytics in digital transformation and business support activities.
VietinBank continues to strongly and comprehensively deploy business activities |
2025 is an important year in VietinBank's digital transformation journey with most of the initiatives being complex and strategic, with core changes in terms of platform, model, products, and sales strategy. With the simultaneous implementation of digital transformation initiatives, VietinBank expects to not only maintain its leading position, but also create a breakthrough in the banking industry.
Source: https://congthuong.vn/vietinbank-quy-i2025-buoc-tien-vung-chac-trong-hieu-qua-kinh-doanh-va-chuyen-doi-so-387929.html
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