As of Q1 2025, OCB’s total assets grew to VND 289,067 billion, a 3% increase compared to the beginning of the year.
The bank also reported market 1 outstanding loans of VND 184,388 billion, with a significant contribution from small and medium-sized enterprise (SME) customers, reflecting a 9.3% growth. This positive signal showcases the effectiveness of the bank’s implemented solutions and the optimization of capital to support this customer segment, aligning with the Government and SBV’s directives. Market 1 deposits reached VND 207,984 billion, a 7.9% increase compared to the beginning of the year.
In the first quarter, total net revenue amounted to VND 2,273 billion, on par with the same period last year. Notably, OCB continued to witness robust and stable growth in its core business activities. Net interest income reached VND 2,164 billion, a nearly 14% increase compared to the previous year, driven by a strong 20.4% growth in credit scale.
Net service income increased by 9.4% year-on-year to VND 131 billion, attributable to effective digital transformation, the recovery of insurance consulting and agency activities, and other service fee income.
For Q1, OCB’s pre-tax profit stood at VND 893 billion. The NPL ratio was well within the limits set by the SBV.
Mr. Pham Hong Hai, CEO of OCB, commented: “The bank’s Q1 2025 financial performance did not meet our expectations, mainly due to an increase in non-performing loans, specifically secured loans of individual customers. During an economic downturn, individual customers are significantly impacted, facing high unemployment rates and loss of primary income sources, resulting in their inability to repay loans. This, in turn, strongly affects their ability to service bank loans. Moreover, in the past period, OCB has been investing heavily in technology, digital transformation, and business network development nationwide. While these investments may reduce profits in the short term, they are considered good expenses in the long run, paving the way for OCB’s sustainable development and the realization of our goals in the upcoming period.”
With support from government and SBV policies, along with the real estate market gradually regaining its “buzz,” we anticipate a reduction in the banking industry’s NPLs, with improvements expected from Q2 and more evident in the second half. Mr. Hai added.
OCB is undergoing a robust transformation
As a bank operating with stable, transparent, and sustainable growth objectives, OCB has been undergoing a robust transformation toward balanced and sustainable development in recent years, despite business performance not meeting expectations due to market impacts. OCB has been quick to restructure its business portfolio, adopting a strategy of diversifying income sources, shifting its customer portfolio toward high-growth potential segments, enhancing asset quality, improving debt management efficiency, and pioneering investments in digital transformation.
Today, OCB is a pioneer in the journey toward implementing the Open Banking model. These digital products have contributed to a significant increase in customers and OCB’s CASA ratio compared to previous years. For instance, by the end of 2024, the number of customers connecting to Open API with OCB had increased by almost 2.5 times compared to 2023, and the number of new partners had nearly doubled the cumulative total of previous years. As a result, the average CASA growth rate of partners exceeded 30% due to Open API usage. Regarding the OCB OMNI digital bank, just seven months after the launch of the new version, transaction volume on this channel increased by 74%, CASA by 21%, and online savings revenue by 32% compared to the same period in 2023. Currently, the digital transaction ratio at OCB has reached 96.2%, a relatively high level compared to other banks in the system.
 OCB is a pioneer in implementing the Open Banking model
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OCB has also diversified its green credit portfolio, resulting in healthy credit growth. As of December 31, 2024, OCB’s green credit outstanding balance had increased by over 30% compared to 2023, accounting for 11% of total outstanding credit by the end of 2024. This activity has been highly appreciated by international financial institutions, enhancing OCB’s reputation and attracting more foreign partners and investors. Specifically, OCB has collaborated with international organizations such as IFC, PwC, and DEG to strengthen and enhance its capacity for green capital.
For 2025, OCB has set ambitious targets: total assets of VND 316,779 billion (up 13%), market 1 deposits of VND 218,842 billion (up 14%), market 1 outstanding loans of VND 208,472 billion (up 16%), and a 33% increase in pre-tax profit compared to 2024, amounting to VND 5,338 billion. OCB will focus on key action plans, including: focusing on core income, increasing the proportion of fee and CASA income; prioritizing digital transformation and data development; managing capital and risks according to Basel standards; building culture and enhancing human resources capabilities. Notably, the bank will diversify its product offerings, aiming for each individual customer to use a minimum of four OCB products.
Additionally, 2025 will be the first year OCB distributes cash dividends since its listing on the stock exchange. Thus, the total benefits to shareholders are expected to reach 15%, comprising a 7% cash dividend payout ratio of charter capital, equivalent to VND 1,726 billion, and a proposed increase in charter capital to VND 26,631 billion by issuing shares to increase capital from equity sources with an 8% ratio.
– 16:18 28/04/2025
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