VPBank ends the first quarter with positive financial indicators

At the end of the first quarter of 2025, the total consolidated assets of Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HoSE: VPB) reached more than VND 994,000 billion, continuing to affirm its leading position in the group of private commercial banks.

This growth comes from the consolidated credit scale from 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 over VND663,000 billion, up 5.4% compared to the beginning of the year and significantly higher than the industry average of 3.93%.

VPBank's customer deposits and valuable papers growth increased by 14.2% compared to the end of 2024, helping to ensure liquidity and prepare resources for future breakthrough plans.

VPBank's capital costs continue to be effectively controlled through optimizing its 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.

The individual liquidity ratios all complied with the State Bank’s requirements, 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 consolidated bank’s capital adequacy ratio (CAR) continued to be among the industry’s leading, at around 15%.

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% over the same period. Consolidated pre-tax profit reached VND 5,015 billion, 20% higher than the same period and closely following the plan to be submitted to the Annual General Meeting of Shareholders (AGM).

Specifically, the parent bank recorded a profit of VND4,942 billion. FE CREDIT made a profit for the fourth consecutive quarter with disbursement revenue in the first quarter continuing to increase by 17% compared to the same period. VPBankS's pre-tax profit increased by 93%, margin lending balance set a new record of VND12,760 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 diverse and active use of NPL handling measures.

In early 2025, VPBank welcomed a new member, GPBank. Driven by the pieces in the different expanded ecosystem, VPBank set a profit target of VND 25,270 billion (nearly USD 1 billion) in 2025, up 26% compared to 2024. Along with that, the target of total consolidated assets by the end of 2025 is VND 1.13 million billion, equivalent to an increase of 23%.

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

Mr. Minh

Source: https://baochinhphu.vn/ket-qua-kinh-doanh-tich-cuc-cua-vpbank-trong-quy-i-2025-102250423191050812.htm