VietinBank’s net interest income for the second quarter reached nearly VND 15,843 billion, a modest 3% increase year-on-year.
There was a divergence in non-credit income sources. Service income decreased by 24%, and foreign exchange trading income fell by 7%. Conversely, proprietary trading income surged to VND 213 billion, compared to just under VND 25 billion in the same period last year. Investment securities trading activities also turned around, posting a profit of VND 31 billion. Other income sources doubled to VND 2,173 billion.
Operating expenses rose by 15% to VND 5,847 billion, resulting in a 3% increase in profit from business operations, totaling VND 15,069 billion.
In the second quarter, the bank significantly reduced its risk provisions by 62%, allocating only VND 2,973 billion. Consequently, pre-tax profit increased substantially by 79%, reaching VND 12,097 billion.
For the first half of the year, VietinBank’s pre-tax profit stood at VND 18,920 billion, a notable 46% increase year-on-year.
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CTG’s financial results for Q2 and the first half of 2025. Unit: Billion VND
Source: VietstockFinance
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As of the end of the second quarter, total assets increased by 9% from the beginning of the year to over VND 2.6 quadrillion. Customer loans grew by 10% to nearly VND 1.9 quadrillion, while customer deposits rose by 7% to over VND 1.7 quadrillion.
The bank’s total non-performing loans as of June 30, 2025, increased by 16% from the beginning of the year, amounting to over VND 24,813 billion. However, there was an improvement in doubtful debts. As a result, the non-performing loan ratio increased from 1.24% at the beginning of the year to 1.31%.
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CTG’s loan quality as of June 30, 2025. Unit: Billion VND
Source: VietstockFinance
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Han Dong
– 08:35, July 31, 2025
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The recently released Q2 2025 consolidated financial statements reveal that An Binh Joint Stock Commercial Bank (ABBank) posted a remarkable performance with a pre-tax profit of VND 1,257 billion, tripling its figure from the previous year. This outstanding result brings the bank’s half-year pre-tax profit to VND 1,672 billion, achieving 92% of its annual target.
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