Vietnam Asia Commercial Joint Stock Bank (VAB) has just announced its financial report for the first quarter of 2025, showing a consolidated profit after tax of VND 293 billion, up VND 90 billion compared to the same period last year, reflecting a 44% increase. This profit is the second highest in the bank’s history, following Q1 of 2022. VAB indicated strong growth in total assets and credit in Q1, with net interest income reaching VND 612 billion. Service income also improved, and credit risk provisioning costs decreased due to effective debt handling. The bank’s lending to customers amounts to VND 84.91 trillion, with customer deposits at VND 93.896 trillion, increasing 6.25% and 4% year-to-date, respectively. Non-performing loans decreased significantly to VND 536 billion (0.6% of total lending), down from VND 1.091 trillion (1.36%) at the beginning of the year. However, watch-list loans increased 4.3 times, from VND 337 billion to VND 1.452 trillion. The total assets of the bank now stand at VND 129.046 trillion.
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