ACB approves pre-tax profit target of VND23,000 billion in 2025

Based on expanding scale growth associated with risk management and asset quality control, ACB sets a pre-tax profit target of VND 23,000 billion in 2025, an increase of 9.5% compared to 2024.

At the same time, the congress also approved a plan to pay dividends to shareholders at a total rate of 25%, including 10% in cash and 15% in shares.

This is the 5th consecutive year that ACB has maintained a high dividend rate, including 3 consecutive years of cash dividends, reflecting business efficiency, always ensuring the highest benefits and meeting shareholders' expectations.

In 2025, ACB will continue to adhere to its orientation of becoming a leading retail bank in terms of scale and profitability, consolidating a solid foundation for its development strategy for the 2025-2030 period.

Key targets for the year include a target of 14% growth in total assets. Total capital mobilization, including valuable papers, is expected to increase by 14%. With a balanced development strategy, in addition to its retail strength, ACB focuses on corporate customers, especially large enterprises, leading enterprises and FDI, with the bank's credit growth target reaching 16%, equivalent to the growth rate of the entire system.

ACB Chairman of the Board of Directors Tran Hung Huy at the Congress.

Sharing at the congress, Chairman of the Board of Directors of ACB Tran Hung Huy assessed: ACB has just completed a 5-year strategy and has made positive changes with profits increasing 3 times and ensuring a high dividend policy, harmonizing shareholder interests. Looking at the medium and long term, the Vietnamese economy in general and the financial market in particular forecast many difficulties from customer competition among banks, higher requirements for operational compliance. In that context, to achieve the set strategic goals, ACB will continue to invest in infrastructure, new technology to improve efficiency and control banking risks while focusing on customer security.

According to the ACB chairman, the investment focuses on promoting three aspects including retail strengths, expanding the exploitation of corporate customer segments, and developing new capacities to change the business model and operating methods for sustainable development for the bank.

ACB General Director Tu Tien Phat.

Responding to shareholder questions regarding the impact of economic developments on the business plan in 2025, Mr. Tu Tien Phat, General Director of ACB, said: “In 2025, the market is forecast to have many factors affecting opportunities and challenges, the latest from the US tariff policy affecting exchange rates and foreign investment.

Despite the challenges, ACB will still stick to the credit growth target set for 2025. According to estimates in the first quarter of 2025, credit is expected to increase by more than 3%, and mobilization by more than 2%. In the context of increasing bad debt in the system, ACB's bad debt ratio in the first quarter of 2025 still decreased slightly to 1.34%, thereby helping the bank increase operational efficiency and effectively control risks.

Along with expanding credit and mobilization growth, the bank will also implement many strategies to focus on controlling asset quality; Promote fee growth, focusing on key fee segments such as cards, international payments, etc.

In addition, in 2025, ACB will continue to invest in subsidiaries to diversify financial products provided to customers and contribute to the group's income; Improve the competitiveness of digital banking, promote technological innovation, apply modern and safe digital technology in transactions and operations.

With pre-tax profit in 2024 reaching VND 21,006 billion, ACB is one of 7 banks with profit over VND 20,000 billion and in the top 3 private joint stock commercial banks with the highest profit.

This result reflects a flexible strategy, responsive to market developments to ensure growth; understanding customer needs to develop sales capacity. At the end of 2024, ACB's total assets reached VND 864 trillion, an increase of more than 20% compared to the end of 2023, and exceeding the plan by 7%.

The 2024 business results have helped ACB complete its 2019-2024 target, becoming the leading retail bank in Vietnam in terms of scale and profit, with pre-tax profit increasing nearly 3 times in 5 years.

Source: https://nhandan.vn/acb-thong-qua-muc-tieu-loi-nhuan-truoc-thue-23000-ty-dong-nam-2025-post870900.html