NCB Bank reports profit in the first quarter of 2025, business activities...

Sharing at the General Meeting of Shareholders (AGM) held on March 29, NCB's General Director revealed the bank's bright business results, expected to be profitable from the first quarter of 2025. This result was achieved thanks to NCB promoting business activities according to the New Strategy in parallel with actively restructuring the bank according to the roadmap in the Restructuring Plan (PACCL) with a vision to 2030 approved by competent authorities.

Business flourishes amid many challenges

According to information from the bank, from the first quarter of 2025, NCB recorded an estimated pre-tax profit of more than VND 125 billion. Comprehensive positive growth indicators: mobilized capital (including customer deposits and issuance of valuable papers) is estimated at more than VND 107,000 billion, up 6.8% compared to the end of 2024; customer loans are estimated at more than VND 78,000 billion, up 9.6% compared to the end of 2024, equivalent to an increase of more than VND 6,800 billion.

Net interest income reached the highest level in 9 consecutive quarters, estimated at nearly 510 billion VND. Other business activities such as service activities, foreign exchange and gold trading activities, investment securities trading activities... all made profits in the last quarter. Total assets as of March 31, 2025 reached nearly 131,000 billion VND, up 10.4% compared to December 31, 2024.

In 2025, NCB sets a full-year business plan with total assets reaching VND 135,500 billion, customer mobilization reaching VND 118,500 billion, growth of 14.6% and 23.2% respectively compared to 2024; customer loans growing by 35% to over VND 96,000 billion. NCB also sets a pre-restructuring profit target of VND 59 billion and commits to using all profits to implement the approved PACCL. In addition, the bank also sets a target of increasing customer base by 424,000 customers compared to 2024.

The positive results were achieved in the context of economic difficulties and internal challenges when the bank had to simultaneously implement new business activities in parallel with strong restructuring. That has shown the correct, methodical and effective direction of NCB, standing firmly on its own feet and taking firm, optimistic steps after only 3 years of comprehensive transformation throughout the system.

Improve financial capacity, pioneer in developing digital solutions to create breakthroughs

In 2025, NCB aims to continue increasing its capital to VND 19,280 billion and has been approved by the Annual General Meeting of Shareholders. If successfully implemented, this will be the third capital increase in 4 consecutive years (2022 - 2025) of this bank. According to the roadmap, NCB's charter capital is expected to reach more than VND 29,000 billion by 2028 in accordance with the approved PACCL, helping NCB consolidate financial resources, increase medium and long-term capital to expand business operations.

The increase in charter capital demonstrates NCB's strong determination to enhance financial capacity for the goal of safe, effective operations and sustainable development, meeting new development goals in the coming period.

With continuously strengthened resources, NCB aims to offer many "tailor-made" financial solution packages for individual and corporate customer segments, fully meeting customer needs in 2025. At the same time, strongly implementing digital transformation according to the new strategy, pioneering the development of products and services on a cutting-edge technology platform with innovative and creative thinking. Accordingly, NCB plans to launch a strategic product on Digital Wealth by the end of 2025, promising to bring breakthroughs in financial solutions for NCB customers.

At the same time, NCB continues to vigorously implement a series of solutions according to the PACCL roadmap approved under the "Project on restructuring the system of credit institutions associated with bad debt settlement in the period 2021-2025" according to Decision 689/QD-TTg of the Prime Minister and instructions of the State Bank. Thanks to that, by the end of March 31, 2025, the bad debt ratio continued to decrease sharply, and all financial indicators ensured compliance with the regulations of the State Bank.

The positive signals in the first quarter of the new year have shown the journey of “going through the worst, to the best” of a “small but mighty” bank in the system of credit institutions in Vietnam. This is also proof that NCB has found the right answer to the difficult problem and implemented it resolutely and effectively, gradually making NCB one of the most prestigious, healthy, effective banks, providing the best financial services and solutions and being loved in the market.

Source: https://baodaknong.vn/ngan-hang-ncb-bao-lai-quy-i-2025-hoat-dong-kinh-doanh-tang-truong-rat-tich-cuc-248335.html