The financial report for Q1 2025 of Vietnam Agricultural Bank (VAB) highlights key operational results: Total assets reached 100 trillion VND, a 5% increase compared to the previous quarter. Customer deposits rose by 4% to 80 trillion VND. Pre-tax profit noted was 500 billion VND, down 10% from Q1 2024, mainly due to increased risk provisioning costs. The current bad debt ratio stands at 3.5%, slightly up from the end of last year. VAB has implemented strong measures to control credit quality, but the business environment still faces many challenges. The bank has allocated approximately 200 billion VND for preferential lending activities to support customers affected by the pandemic. VAB continues to commit to enhancing customer service and exploring new growth opportunities in the upcoming quarters.
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