Enhancing Digitalization and Retail, BVBank’s Q1/2025 Profit Increases by 16%

As of March 31, 2025, BVBank’s total assets reached 110.1 trillion VND, up 6.4% year-to-date, driven by increased personal and SME credit. Outstanding loans rose by 5.4% to over 71.7 trillion VND, predominantly from individual customers and SMEs. Total mobilized capital reached 102 trillion VND, a 34% increase from the same period in 2024, with deposits from organizations and individuals rising by 23%. Total income in Q1 was 557 billion VND, a 4% increase, with net interest income exceeding 500 billion VND, up 7%. The bank set aside 144 billion VND for credit risk, a 35% increase, and reported a pre-tax profit of 80 billion VND, up 16%. In 2025, BVBank will invest in technology and enhance financial services, partnering to implement electronic identification and international QR payment, and expand DigiStore. The number of customers increased by 30% compared to the same period in 2024, demonstrating the effectiveness of digital transformation.