Synchronous growth in both credit and mobilization, VPBank is ready...

In the context of a global economy with many potential variables, Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HoSE: VPB) and its subsidiaries are flexible in operations, optimizing business opportunities, strictly controlling risks and strengthening the support platform to realize the 2025 business plan.

Credit growth and mobilization outperformed the industry average

By the end of the first quarter of 2025, VPBank's total consolidated assets reached more than VND 994,000 billion, continuing to affirm its leading position in the private commercial banking group.

This growth came from the consolidated credit scale, actively contributed by both the parent bank and its subsidiaries, exceeding VND747,000 billion, up 5.2% compared to the beginning of the year or 21.9% over the same period. Of which, individual bank credit reached more than VND663,000 billion, up 5.4% compared to the beginning of the year and significantly higher than the industry average of 3.93%. VPBank continued to promote its traditional strengths in strategic segments such as individual customers, mainly contributed by home loan products, showing the recovery of the real estate market. Similarly, through promoting the strategy of attracting new customers and digitizing the lending process, improving customer experience, another strategic segment, small and medium enterprises (SMEs), also contributed positively to the overall results.

VPBank's customer and valuable paper mobilization growth in the first quarter increased by 14.2% compared to the end of 2024, helping to ensure liquidity and prepare resources for future breakthrough plans. Strong mobilization growth closely followed the direction set by VPBank's Board of Directors at the beginning of the year, thanks to diversified policies as well as launching new products to attract customers.

Mobilization grew strongly but VPBank's capital costs continued to be effectively controlled through optimizing the customer portfolio and diversifying medium- and long-term capital sources from abroad. At the end of the first quarter, the bank's individual cost of capital (COF) remained at 4.4%, equivalent to the previous quarter.

Thanks to abundant funding sources, the liquidity safety ratios of individual banks all complied with the requirements of the State Bank, with the loan-to-deposit ratio (LDR) and short-term capital for medium- and long-term lending at 79.2% and 24.3%, respectively. Similarly, the capital safety ratio (CAR) of the consolidated bank continued to be among the leading groups in the industry, reaching about 15%.

Profit closely follows billion-dollar plan, effectively controls asset quality

At the end of the first 3 months of 2025, VPBank recorded a total consolidated operating income of nearly VND 15,600 billion, up 16.1% year-on-year. Consolidated pre-tax profit reached VND 5,015 billion, 20% higher than the same period and in line with the plan to be submitted to the Annual General Meeting of Shareholders (AGM). Specifically, the parent bank recorded a profit of VND 4,942 billion while its subsidiaries continued to contribute positively to the group's overall results. FE CREDIT posted a profit for the fourth consecutive quarter with disbursement revenue in the first quarter continuing to increase by 17% year-on-year. VPBank's pre-tax profit increased by 93%, with outstanding margin loans setting a new record of VND 12,760 billion at the end of March.

By the end of the first quarter of 2025, VPBank's individual non-performing loan (NPL) ratio continued to be maintained below 3% thanks to improved credit quality and the active and diversified use of NPL resolution measures. In line with the direction set at the beginning of the year, in the first quarter, VPBank's consolidated risk-resolved debt collection reached VND850 billion, more than double that of the same period last year.

Strengthening the foundation, creating a launching pad for the future

In early 2025, VPBank welcomed a new member, GPBank, in addition to pieces such as consumer credit (FE CREDIT), securities (VPBankS) or insurance (OPES) and associated partners in many fields. The distinct expanded ecosystem of VPBank and its member companies aims to maximize the potential of a large customer base with a total size of more than 30 million.

VPBank proactively takes the lead in accelerating digital transformation in business processes, consolidating platform systems, promoting innovation through the application of new technological achievements, strongly implementing important technological initiatives (AI, GenAI, Big Data), creating a difference in the speed of providing products and services and improving customer experience.

Driven by the pieces in the differentiated expanded ecosystem, VPBank targets a profit of VND25,270 billion (nearly USD1 billion) in 2025, up 26% compared to 2024. Along with that, the target of total consolidated assets by the end of 2025 is VND1,130 trillion, equivalent to an increase of 23%. In the context of many unknowns regarding tariffs, the bank will closely monitor market developments to flexibly manage business operations.

In addition to ambitious business targets, VPBank maintains its commitment to shareholders through a cash dividend policy for the third consecutive year, equivalent to a payout scale of nearly VND 4,000 billion, demonstrating its solid financial capacity and respect for and commitment to long-term partnership with shareholders.

Source: https://baodaknong.vn/tang-truong-dong-bo-o-ca-tin-dung-va-huy-dong-vpbank-san-sang-hien-thuc-hoa-ke-hoach-kinh-doanh-nam-2025-250332.html