VPBank achieved 9,200 billion VND in consolidated pre-tax profit in the third quarter

(Dan Tri) - Resonating with the strength of the entire ecosystem, Vietnam Prosperity Joint Stock Commercial Bank (VPBank; code VPB) possesses a solid foundation, creating an important premise for strong and breakthrough development steps in the coming period.

VPBank's total assets exceeded the yearly plan after only 9 months

With the solid foundations built, by the end of the first 9 months of 2025, VPBank's total consolidated assets exceeded the plan set at the General Meeting of Shareholders (AGM), reaching VND 1.18 trillion, up 27.5% compared to the beginning of the year. The total assets of the parent bank alone are more than VND 1.1 trillion.

VPBank's consolidated credit balance reached nearly VND912,000 billion, up 28.4% thanks to contributions from both the parent bank and its member companies. Of which, individual credit was at VND813,000 billion.

Responding to Resolution 68, VPBank has promoted its lending strategy by region, industry, and priority sectors, and as a result, credit in the small and medium-sized enterprise (SME) customer segment increased by 29.1%. In the individual customer segment, home loan products increased by 27.7% thanks to the implementation of many preferential loan packages, supporting people's dream of settling down.

VPBank's third-quarter profit reached VND9,166 billion, the highest level in the last 15 quarters (Photo: VPBank).

VPBank's balance sheet continues to be maintained sustainably and effectively, with deposits and private placements increasing by 27.8% compared to the beginning of the year. VPBank also marked its participation in the global ESG capital market by successfully issuing USD 300 million in international sustainable bonds.

Along with outstanding results in terms of scale, VPBank recorded continuous improvement in asset quality through the implementation of diverse measures to handle bad debt. By the end of the third quarter of 2025, the consolidated bad debt ratio (NPL) according to Circular 31 was strictly controlled, falling below the threshold of 3%. Individual bad debt continued to improve, at 2.23%.

After 9 months, the consolidated collection from resolved debt reached nearly 2,900 billion VND, in the third quarter of 2025 alone, debt collection increased by 29.7% compared to the previous quarter. The official legalization of Resolution 42 is an important boost, creating a solid legal corridor for VPBank to promote bad debt collection activities and consolidate its financial foundation.

VPBank has registered to apply the Internal Rating-Based (IRB) method according to Circular 14, aiming to apply Basel III in capital management. At the end of September, the capital adequacy ratio (CAR) of the consolidated bank remained above 13%, continuing to be in the leading group.

9-month profit completed 81% of yearly plan

VPBank's business performance continues to be consolidated. Consolidated pre-tax profit for the first 9 months of 2025 was VND 20,396 billion, 47.1% higher than the same period last year. In the third quarter of 2025 alone, profit reached VND 9,166 billion, up 76.7% compared to the same period in 2024 and the highest in the last 15 quarters.

Accumulated in 9 months, VPBank's profit exceeded the results of the whole year 2024 and completed 81% of the plan for 2025.

The strong growth momentum in the third quarter came from the synergy of the entire ecosystem. In particular, the parent bank continued to affirm its leading position, leading the group's overall strategy, with pre-tax profit reaching VND6,378 billion, up 39.9% over the same period.

The above results were driven by momentum from core businesses, when net interest income increased 22.7% and fee income recorded positive results.

VPBankS continuously sets new milestones in business results, ready for the IPO. After 9 months, the company's pre-tax profit was VND 3,260 billion, 4 times higher than the same period in 2024, thanks to contributions from all business pillars.

Companies in the VPBank ecosystem such as VPBankS, GPBank or FE CREDIT all have positive business results (Photo: VPbank).

Margin loan balance is nearly 27,000 billion VND, reaching the top 3 in the industry; at the same time, there is still room for up to 13,500 billion VND. In the consumer finance segment, FE CREDIT continues to maintain its recovery momentum when the 9-month profit is equivalent to the result of the whole year 2024.

After many difficulties, GPBank has been continuously profitable since June 2025, marking a positive turning point in the recovery process. The bank's board of directors said that the profit plan of 500 billion VND this year is feasible.

Ecosystem resonance, the foundation for future breakthroughs

A clear demonstration of the success of VPBank’s ecosystem development strategy is the remarkable progress of its member companies. VPBankS – the only securities company in the ecosystem – is offering a maximum of 375 million shares at a price of VND33,900/share, equivalent to a valuation of USD2.5 billion.

It is expected that the company will mobilize nearly VND 12,713 billion, thereby consolidating its financial foundation and expanding its business development space. VPBankS is expected to become a leading investment bank, personalizing financial solutions for all customer segments.

GPBank has made a transformation under the strategic support of its parent bank, when announcing its new brand identity, name and launching the digital banking platform GP.DigiPlus. GPBank's philosophy "For a prosperous era" has a strong connection with VPBank's message "For a prosperous Vietnam".

Following the success of the VPBank K-Star Spark In Vietnam event, VPBank continues to become the Title Sponsor of the most anticipated music event of the year: G-DRAGON 2025 WORLD TOUR [Übermensch] IN HANOI, presented by VPBank, taking place on two nights, November 8 and 9.

Source: https://dantri.com.vn/kinh-doanh/vpbank-dat-9200-ty-dong-loi-nhuan-hop-nhat-truoc-thue-trong-quy-iii-20251014194432313.htm