In Q2, the Bank’s net interest income decreased by 3% compared to the same period last year, amounting to just over 892 billion VND.
Meanwhile, service income increased significantly by 62% to nearly 4.3 billion VND, and investment securities trading activities turned profitable with a gain of 5.4 billion VND.
Foreign exchange operations continued to incur losses, while other business activities generated a profit of nearly 500 million VND.
Additionally, the Bank’s operating expenses increased by 16% to nearly 60.7 billion VND, resulting in a 18% rise in net profit from business operations, totaling 38.4 billion VND.
During this period, the Bank reduced its risk provision expenses by 53%, allocating nearly 8.7 billion VND, along with a reversal of over 600 million VND. Consequently, pre-tax profit increased significantly by 49%, reaching nearly 30.4 billion VND.
For the first six months of the year, the Bank’s cumulative pre-tax profit exceeded 67.1 billion VND, a 24% increase compared to the same period last year. With a target of 1,300 billion VND in pre-tax profit for the full year, Bac A Bank has achieved nearly 52% of its goal in the first half.
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Q2 and 6-month business results of BAB in 2025. Unit: Billion VND
Source: VietstockFinance
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Total assets as of the end of Q2 increased by 7% from the beginning of the year, reaching 131,084 billion VND. Within this, customer loans increased by 5% to 115,109 billion VND, and customer deposits rose by 7% to the same amount of 131,084 billion VND.
As of June 30, 2025, the total non-performing loans amounted to 1,442 billion VND, a 6% increase from the beginning of the year. There was a gradual shift towards the group of loans with potential losses, causing the NPL ratio to inch up from 1.24% at the start of the year to 1.25%.
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Loan quality of BAB as of June 30, 2025. Unit: Billion VND
Source: VietstockFinance
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– 4:28 PM, July 31, 2025
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