VietinBank grows exceptionally in the second quarter

Surpassing both scale and efficiency

Board member Pham Thi Thanh Hoai (middle) chaired the Conference

In the first 6 months of 2025, VietinBank will continue to proactively and synchronously deploy many business solutions, focusing on improving cost efficiency and strictly controlling asset quality, thereby creating a foundation for safe and sustainable growth.

In terms of scale, at the end of the first 6 months of the year, VietinBank's total assets reached VND 2,610 trillion, up 9.4% compared to the end of 2024. Outstanding loans reached VND 1,899 trillion, up 10.3% compared to the end of 2024, higher than the credit growth rate of the whole industry (9.9%). Outstanding loans grew evenly in both the corporate and retail customer segments, focusing on production and business sectors, essential sectors of the economy .

VietinBank's bad debt/loan balance ratio at the end of Q2/2025 was controlled at 1.31%, up 0.07 percentage points compared to the end of 2024, but down 0.24 percentage points compared to the end of Q1/2025. The bad debt coverage ratio reached 134.8%, continuing to strengthen VietinBank's financial reserve buffer in the coming time.

Customer deposits reached VND 1,720 trillion, up 7.1% compared to the end of 2024. Of which, VietinBank's CASA capital reached VND 428.3 trillion, up 7.3% compared to the end of 2024. The proportion of CASA/total mobilized capital reached 24.9%.

VietinBank continues to improve efficiency and optimize operating costs, promote digital transformation and key projects of the bank such as improving service quality/human resource quality; prioritizing business promotion activities...; creating a premise for sustainable development in the future. CIR ratio is at 27.5%, equivalent to the end of 2024.

In terms of efficiency, in the first 6 months of the year, VietinBank's debt recovery and risk handling reached more than VND 4 trillion, up 89.4% over the same period in 2024. Net profit from business activities before credit risk provision expenses in the first 6 months of 2025 reached VND 30 trillion, up 4.1% over the same period in 2024, continuing to be the highest in the banking industry. Accumulated credit risk provision expenses in the first 6 months of 2025 were VND 11.1 trillion, down 30.1% over the same period due to VietinBank's strict control of credit quality. As a result, pre-tax profit reached VND 18.9 trillion, up 46% over the same period in 2024, reaching the Top 2 in the banking industry. Liquidity ratios are controlled at a safe level, in compliance with the regulations of the State Bank.

Powerful, comprehensive digital transformation

Overview of VietinBank's Q2/2025 Business Results Update Conference

In addition to business results, VietinBank continues to vigorously implement initiatives to comprehensively digitalize business and management activities. In addition to the 45 initiatives deployed since 2024, in 2025, VietinBank has kicked-off the implementation of 35 new digital transformation initiatives.

By the end of the second quarter of 2025, Vietinbank had 37 initiatives (business & platform) that had launched official product/golive versions. In the first 6 months of 2025 alone, VietinBank went-live 12 new initiatives/features, focusing on digitalizing services, applying technology, improving experience and operational efficiency. With these solutions, customers can easily experience VietinBank's digital products and services with a modern technology platform and high security mode.

In addition to business initiatives, VietinBank also focuses on fundamental initiatives in information technology, infrastructure investment, data, operations, and risk management to enhance technological strength, improve data capacity, increase safety, security, and modernize information technology infrastructure. VietinBank also focuses on training on the ability to understand and proficiently use AI tools. Accordingly, 100% of mid-level leaders and 99.3% of all employees have completed training courses and received AI training certificates.

By promoting the implementation of digital transformation initiatives and key projects of the bank such as improving service quality/human resource quality, etc., VietinBank expects to not only maintain its leading position, but also create a breakthrough in the banking industry in the coming time.

Source: https://daibieunhandan.vn/vietinbank-tang-truong-vuot-troi-trong-quy-ii-10383430.html