Banks reveal second quarter results: NCB makes extraordinary profit, series of 'big guys' break out

Up to now, July 19, although the quarterly financial report has not been officially announced, some banks have revealed their second quarter business results.

NCB reported a profit of more than 462 billion VND in the first 6 months of the year, a sharp increase over the same period in 2024

As usual, National Citizen Commercial Joint Stock Bank (NCB) is the first bank to reveal its business results in the second quarter.

The bank continues to record positive after-tax profit, estimated at more than VND 311 billion in the second quarter of 2025. In the first 6 months of 2025, NCB's after-tax profit is estimated at more than VND 462 billion, a sharp increase compared to VND 6 billion in the same period in 2024.

Total assets as of June 30 are estimated at more than VND 144,054 billion, an increase of 21.6% compared to the end of 2024 and exceeding 6.3% compared to the 2025 plan of VND 135,500 billion.

NCB's total net interest income in the first 6 months of the year is estimated at VND 1,262.5 billion, an increase of 155% over the same period in 2024.

In 2025, NCB aims to continue increasing its charter capital to VND19,280 billion. NCB's capital increase plan has been approved by the State Bank. The bank also found 17 professional investors to register to participate in this private share offering, some of whom are existing shareholders of NCB.

Meanwhile, at the extraordinary general meeting of shareholders of Kienlong Commercial Joint Stock Bank (KienlongBank) held on July 15, Chairman of the Board of Directors Tran Ngoc Minh said that in the first 6 months of the year, KienlongBank recorded on its consolidated financial report key indicators such as total assets, total mobilized capital, and outstanding credit balance all reaching over 90% of the year's plan.

Regarding pre-tax profit index alone, KienlongBank reached 922 billion VND, completing 66.8% of the 2025 profit plan.

Notably, after rejecting the plan to pay dividends in shares to double the charter capital as at the annual shareholders' meeting held in April, KienlongBank shareholders accepted the plan to increase charter capital through paying dividends in shares at a rate of 60%.

KienlongBank's charter capital will increase from the current VND3,652 billion to VND5,822 billion after completion.

Previously, KienlongBank proposed a plan to double its charter capital to VND7,268 billion by paying a 50% stock dividend and offering an equivalent number of shares to existing shareholders. However, this plan was not approved by shareholders in April.

This is one of the few commercial banks that still has charter capital under 10,000 billion VND.

Regarding state-owned commercial banks, at the recent 6-month review conference, Chairman of the Board of Directors of Vietcombank Nguyen Thanh Tung informed that at the end of the first 6 months of the year, the total assets of the bank are estimated to reach over 2.1 million billion VND, an increase of 1.8% compared to the end of 2024; total outstanding credit to the economy after supporting VCBNeo is estimated to increase by more than 5% compared to the end of 2024.

The bad debt ratio is controlled at below 1%, the lowest among large-scale credit institutions.

The bad debt coverage ratio reached about 219%, the highest in the banking system; off-balance sheet debt collection reached about VND 1,900 billion, an increase of 38% over the same period in 2024.

At VietinBank , Mr. Tran Minh Binh, Chairman of the Board of Directors of VietinBank , said that the bank has achieved positive business results in the first 6 months of the year.

Specifically, outstanding credit growth is estimated at 10% compared to the end of 2024; mobilized capital increased by an estimated 9% compared to the end of 2024; pre-risk provision profit continued to grow compared to the same period in 2024.

At Agribank, according to General Director Pham Toan Vuong, the business performance of the entire system in the first 6 months of the year achieved positive results compared to the same period last year, and is the highest level after 4 years of implementing the Restructuring Plan associated with bad debt settlement for the period 2021-2025.

As of June 30, Agribank's mobilized capital reached over VND 2.1 million billion, up 6.4% over the beginning of the year, the highest since 2021, of which residential deposits accounted for a large proportion.

Agribank's outstanding loans to the economy reached over VND 1.85 million billion, up 7.6% compared to the beginning of the year, higher than the same period in 2024. Of which, outstanding loans to agriculture and rural areas reached over VND 1.13 million billion, accounting for over 61% of outstanding loans to the economy.

Vietcombank Securities Company (VCBS) forecasts that in the second quarter, banks with the highest profit growth include: MB (23%), Sacombank and HDBank (both 25%), VIB (17%), VietinBank (16%), VPBank (12%), BIDV (12%), Techcombank (8%).

According to VCBS, the driving force for banking industry profit growth comes from credit recovery, improved asset quality and the ability to expand non-interest income sources.

Vietnamnet

Source: https://baohaiphongplus.vn/ngan-hang-he-lo-ket-qua-quy-ii-ncb-lai-dot-bien-loat-ong-lon-but-pha-416809.html