In Q3, SGB‘s business activities experienced a slight decline compared to the same period last year. Primary revenue sources dropped by 19%, with net interest income reaching nearly VND 198 billion.
Service-related profits rose by 16%, totaling over VND 9 billion. Despite a robust growth in foreign exchange operations, quadrupling the previous year’s performance, the profit margin remained modest at nearly VND 5 billion. Other operational profits saw a minor 1% decrease, settling at approximately VND 44 billion.
Operational expenses for the quarter increased marginally by 1%, reaching VND 161 billion. Consequently, net profit from business operations plummeted by 33%, amounting to just over VND 94 billion.
However, SGB significantly reduced its credit risk provisioning costs by 88%, allocating only VND 11 billion. This strategic move propelled pre-tax profits up by 78%, surpassing VND 83 billion.
For the first nine months of the year, the bank’s pre-tax profit stood at VND 258 billion, marking a 21% increase year-over-year. Against the annual target of VND 300 billion in pre-tax profit, Saigonbank has achieved 86% of this goal in the first three quarters.
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Q3 and 9-month business results for 2025 of SGB. Unit: Billion VND
Source: VietstockFinance
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As of the end of Q3, the bank’s total assets grew by 5% from the beginning of the year, reaching VND 34,870 billion. Customer loans decreased by 6% to VND 20,505 billion, while customer deposits increased by 6% to VND 25,943 billion.
Total non-performing loans as of September 30, 2025, were recorded at VND 635 billion, a 9% increase. Substandard debts decreased by 39%. As a result, the non-performing loan ratio to outstanding loans rose from 2.66% at the beginning of the year to 3.1%.
The non-performing loan ratio according to Circular 31/2024/TT-NHNN as of September 30, 2025, was 2.23%.
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Loan quality of SGB as of September 30, 2025. Unit: Billion VND
Source: VietstockFinance
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– 16:28 30/10/2025
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