In the business results report for Q1 2025, VTB recorded some notable fluctuations compared to Q1 2024. Revenue increased by 15% due to new products and effective market expansion policies. However, operating costs also rose by 10%, primarily due to higher employee salaries and marketing expenses. VTB’s pre-tax profit reached 50 billion VND, down 5% year-on-year. The main reason for this decrease is the rising financial costs, affecting borrowed capital for development investment. Additionally, the company had to adjust some bad debts, resulting in an increase in allocated provisions. VTB also stated it would continue to focus on cost management and optimizing operations to improve profit growth in upcoming quarters.
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