Specifically, PGBank has set a target to grow its total assets by 15-20% year-over-year by the end of 2025.
Credit extension will be in line with the approval of the State Bank. Deposit mobilization will be aligned with credit growth, ensuring compliance with safety ratios. The non-performing loan ratio is targeted to remain below 2%.
Notably, PGBank aims for a significant increase in profit before tax, targeting VND 716 billion in 2025, a 70% jump from 2024’s results.
Source: VietstockFinance
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This business plan is expected to be presented at the Annual General Meeting to be held on April 24, 2025, in Hanoi.
– 4:33 PM, March 25, 2025
The Central Bank Injects an Additional 164 Trillion VND into the Economy Since the Lunar New Year of 2025
According to estimates released by the State Bank of Vietnam, the credit scale of the entire banking system as of March 12 reached VND 15,810 trillion, an increase of nearly VND 194 trillion compared to the end of 2024, and a further VND 164 trillion surge since the Lunar New Year.
The First Bank Targeting Over 30% Profit Growth by 2025
This bank has set an ambitious target for its 2025 performance, aiming for a pre-tax profit of 5,338 billion VND, representing a remarkable 33% increase from 2024.
The Latest Credit Growth Figures: Unveiling the Banking System’s Performance
“The banking sector is off to a strong start this year, with credit growth outpacing that of the previous year. According to Vice Governor of the State Bank of Vietnam, Pham Thanh Ha, as of March 12, credit growth in the banking system had increased by 1.24% compared to the end of 2024, indicating a significant improvement.”
Unleashing Deposit Rates: Strategies for Banks to Break Free
In the context of higher credit growth this year compared to last year and the State Bank pursuing a policy of cooling interest rates, banks find it difficult to increase deposit interest rates to attract deposits, so they are looking for other capital mobilization channels.
The Art of Provincial Mergers: Streamlining Administrative Boundaries
The government has instructed the Ministry of Home Affairs to take the lead in collaborating with relevant agencies and local authorities to promptly develop a proposal for the continued reorganization and streamlining of administrative units at the provincial, district, and communal levels. This initiative aims to enhance efficiency and effectiveness in governance. The proposal will be submitted to the Party Committee of the Government, ensuring both quality and timely implementation.
