The third quarter of 2025 marked a downturn for Bac A Bank, with most revenue streams declining year-over-year. Net interest income fell by 6% to VND 701 billion.
Service fee income was the sole bright spot, surging 29% to VND 39 billion. Other non-interest income sources, however, saw significant drops: investment securities income plummeted by 74%, other operating income shrank by 26%, and foreign exchange trading resulted in losses.
Despite a 6% reduction in operating expenses to VND 549 billion, net operating profit plunged by 27% to VND 228 billion.
Furthermore, the bank’s credit risk provisions soared by 97% to VND 91 billion. Even with a VND 8 billion write-back, Bac A Bank’s pre-tax profit tumbled by 46% to VND 145 billion.
Consequently, the bank’s nine-month pre-tax profit remained flat at VND 816 billion, reaching only 63% of its annual target of VND 1,300 billion.
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Q3 and 9M 2025 Financial Results of BAB. Unit: Billion VND
Source: VietstockFinance
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Total assets as of Q3-end rose 16% year-to-date to VND 191,964 billion. Deposits at the State Bank of Vietnam fell by 34% to VND 529 billion, while deposits at other credit institutions surged 51% to VND 18,824 billion. Customer loans grew by 14% to VND 125,356 billion.
Customer deposits increased by 6% to VND 130,418 billion. Deposits from other credit institutions jumped 54% to VND 18,092 billion.
Total non-performing loans as of September 30, 2025, reached VND 1,422 billion, a 5% increase from the beginning of the year. A shift towards potentially irrecoverable debt was observed, leading to a slight decrease in the NPL ratio from 1.24% to 1.13%.
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Loan Quality of BAB as of September 30, 2025. Unit: Billion VND
Source: VietstockFinance
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– 11:35 AM, October 31, 2025
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