VietinBank’s net interest income for the first quarter reached over VND 15,475 billion, a modest 2% increase year-on-year.
Service income decreased by 9% to VND 1,611 billion, and foreign exchange trading income also fell by 32% to VND 913 billion.
On the other hand, proprietary trading activities yielded VND 238 billion in profits, a significant improvement from the VND 38 billion recorded in the same period last year. Additionally, investment securities trading turned profitable with VND 91 billion in gains.
Notably, other operating income surged to VND 2,002 billion, more than doubling the figure from the first quarter of 2024.
Operating expenses rose by 15% to VND 5,519 billion, mainly due to higher staff costs. Consequently, profit from operating activities climbed by 5% to VND 14,934 billion.
During the quarter, VietinBank set aside VND 8,111 billion in credit risk provisions, a slight 1% increase. This resulted in a 10% year-on-year growth in pre-tax profit to VND 6,823 billion.
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CTG’s Q1 2025 Financial Results in trillion VND
Source: VietstockFinance
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As of the end of the first quarter, VietinBank’s total assets stood at nearly VND 2.47 quadrillion, a 4% increase since the beginning of the year. Customer loans grew by 5% to VND 1.8 quadrillion, while customer deposits inched up by 1% to VND 1.62 quadrillion.
The Bank’s total non-performing loans as of March 31, 2025, amounted to VND 27,971 billion, representing a 31% rise since the start of the year. Consequently, the non-performing loan ratio increased from 1.24% to 1.55% during this period.
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CTG’s Loan Quality as of March 31, 2025, in trillion VND
Source: VietstockFinance
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Han Dong
– 8:09 PM, April 29, 2025
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