VietinBank’s Q3 Pre-Tax Profit Surges 62% as Non-Performing Loan Ratio Improves

VietinBank (HOSE: CTG) has reported a pre-tax profit of over 10.614 trillion VND in Q3/2025, marking a 62% year-on-year increase. This impressive growth is attributed to robust core banking activities and securities-related income, coupled with a reduction in risk provisions.

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In Q3, VietinBank recorded a 10% increase in net interest income compared to the same period last year, reaching nearly VND 17,176 billion.

Trading activities in securities saw a remarkable surge, with a profit of VND 216 billion, a significant jump from the previous year’s VND 16 billion. Investment in securities also yielded a profit of over VND 14 billion, a stark contrast to the loss reported in the same quarter last year.

Conversely, non-interest income streams experienced declines. Service fees dropped by 12% to VND 1,587 billion, foreign exchange trading profits decreased by 10% to VND 546 billion, and other operating income fell by 29% to VND 2,831 billion.

Operational costs were reduced by 1% to VND 6,021 billion, resulting in a 4% rise in net profit from operations to VND 16,478 billion.

During the quarter, VietinBank significantly cut its credit risk provisions by 37%, allocating only VND 5,863 billion. This led to a pre-tax profit of over VND 10,614 billion, a 62% increase year-over-year.

For the first nine months, VietinBank reported a pre-tax profit of nearly VND 29,534 billion, a 51% growth compared to the same period last year.

Q3 and 9-month business results of CTG as of 2025. Unit: Billion VND

Total assets as of Q3 end rose by 16% from the beginning of the year to over VND 2,760 trillion. Customer loans increased by 16% to VND 1,990 trillion, while customer deposits grew by 11% to nearly VND 1,780 trillion.

Non-performing loans as of September 30, 2025, saw a slight 2% increase from the start of the year, totaling VND 21,722 billion. However, loans at risk of loss improved, reducing the NPL ratio from 1.24% at the beginning of the year to 1.09%.

Loan quality of CTG as of September 30, 2025. Unit: Billion VND

Source: VietstockFinance

Han Dong

– 21:06 October 30, 2025

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