NCB Records Over 125 Billion VND Profit in Q1/2025 Thanks to the Strong Implementation of Its New Strategy

At the end of the first quarter of 2025, National Citizen Commercial Joint Stock Bank (NCB) recorded a positive profit with key business indicators showing strong growth. Financial safety ratios improved significantly, ensuring compliance with regulations. This is a positive sign that NCB is on the right track, moving closer to its goal of safe operations and sustainable development.

During the Annual General Meeting of Shareholders (AGM) held on March 29, the CEO of NCB shared the bank's bright business results, forecasting profits as early as Q1/2025. This result was achieved through the strong push in business activities according to the new strategy, while simultaneously restructuring the bank in line with the approved Restructuring Plan (PACCL) through 2030.

Positive Business Performance Amid Many Challenges

According to information from the bank, in the first quarter of 2025, NCB reported a pre-tax profit of over 125 billion VND. The growth indicators showed a comprehensive positive trend: customer deposits and bond issuance reached over 107,000 billion VND, increasing by 6.8% compared to the end of 2024; loans to customers reached over 78,000 billion VND, growing by 9.6% compared to the end of 2024, corresponding to an increase of more than 6,800 billion VND.

Net interest income reached its highest level in 9 consecutive quarters, estimated at nearly 510 billion VND. Other business activities, such as services, foreign exchange and gold trading, and investment securities trading, all recorded profits in the recent quarter. Total assets as of March 31, 2025, stood at nearly 131,000 billion VND, growing by 10.4% compared to December 31, 2024.

For 2025, NCB has set its business plan with total assets reaching 135,500 billion VND, customer deposits at 118,500 billion VND, growing by 14.6% and 23.2% respectively compared to 2024; customer loans are expected to grow by 35%, reaching over 96,000 billion VND. NCB also aims for pre-restructuring profits to reach 59 billion VND and has committed to using the entire profit to implement the approved PACCL. Additionally, the bank plans to expand its customer base by an additional 424,000 customers compared to 2024.

The positive results achieved in the context of a challenging economy and internal obstacles, as the bank has to simultaneously carry out new business operations alongside a strong restructuring effort, demonstrate that NCB's direction is correct, methodical, and effective. It has managed to stand firm on its own and take solid, optimistic steps just three years after a comprehensive transformation across the system.

Enhancing Financial Strength, Leading Digital Solutions Development for Breakthroughs

In 2025, NCB aims to continue increasing its charter capital to 19,280 billion VND, a move approved by the AGM. If successful, this will mark the third capital increase in four consecutive years (2022–2025) for the bank. According to the roadmap, NCB’s charter capital is expected to exceed 29,000 billion VND by 2028, in line with the approved PACCL, which will help strengthen its financial resources and increase medium- and long-term capital to expand business activities.

The capital increase demonstrates NCB's strong determination to enhance its financial capacity for the goal of safe, effective operations and sustainable development, meeting new growth objectives for the upcoming period.

With continuously strengthened resources, NCB plans to introduce tailored financial solutions for both individual and business customers, fully addressing customer needs in 2025. Simultaneously, NCB will aggressively drive digital transformation according to its new strategy, pioneering the development of service products on cutting-edge technology platforms with a mindset of innovation and creativity. Accordingly, NCB plans to launch a strategic product on Digital Wealth by the end of 2025, promising to deliver a breakthrough financial solution for its customers.

In parallel, NCB will continue to implement a series of measures according to the approved Restructuring Plan under the “Restructuring Plan for Credit Institutions and Addressing Non-Performing Loans for the 2021–2025 Period” according to Decision 689/QĐ-TTg from the Prime Minister and guidance from the State Bank of Vietnam. As a result, as of March 31, 2025, the non-performing loan ratio continued to decrease significantly, with all financial ratios ensuring compliance with the regulations of the State Bank of Vietnam.

The positive signs in the first quarter of the year signal the "end of the crisis, beginning of prosperity" for a "small but powerful" bank in the Vietnamese financial system. This also proves that NCB has found the right solution to a difficult problem and has been executing it decisively and effectively, gradually turning NCB into one of the most trusted, healthy, and efficient banks, providing the best services and financial solutions that are highly favored in the market.