VPBank profit up 53% in 2025 on solid core banking performance
VPBank ended 2025 with a strong earnings rebound, supported by healthier core operations, better asset quality and solid subsidiary performance amid a more supportive credit environment.
THE HANOI TIMES — The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) reported consolidated pre-tax profit of VND30.6 trillion (US$1.2 billion) in 2025, up 53% year on year, reflecting a robust recovery led by core banking and meaningful contributions from subsidiaries.
The Vietnam Prosperity Joint Stock Commercial Bank records robust profit growth in 2025. Photo courtesy of the company
According to the bank’s consolidated financial statements, the result surpassed the full-year target by 21%. The parent bank generated nearly VND26.4 trillion ($1 billion), accounting for 86% of consolidated profit.
By the end of 2025, total consolidated assets reached nearly VND1.3 quadrillion ($49.5 billion), up 36% and 11% above plan.
Outstanding credit expanded 35% to VND943.9 trillion ($35.9 billion), while customer deposits rose 29% to VND628 trillion ($23.9 billion).
The consolidated non-performing loan ratio fell below 3%, indicating stronger asset quality alongside rapid balance-sheet growth.
The results point to rising operating efficiency in a more favorable credit environment, with subsidiaries posting notable gains.
VPBank Securities (VPBankS) recorded pre-tax profit of VND4.5 trillion ($171.4 million), four times higher than a year earlier and above its revised target.
In Q4/2025, VPBankS increased its brokerage market share on the Ho Chi Minh Stock Exchange (HoSE) to 3.2%, placing it among the top 10 securities firms nationwide.
Group pre-tax profit reached VND10.2 trillion ($388.4 million) in Q4/2025, up 66% year on year and the highest quarterly result in the past 14 quarters.
The parent bank contributed nearly VND9.3 trillion ($354 million), representing 91% of group pre-tax earnings for the quarter.
Core income drove growth. Net interest income rose 29% year on year to nearly VND13 trillion ($495 million), while service income increased 69% to VND1.7 trillion ($64.7 million).
In Q4/2025, net interest income climbed 27% to VND16.8 trillion ($639.7 million) and net fee income nearly doubled to VND2.5 trillion ($95.2 million).
Investment securities trading continued its recovery, generating more than VND144 billion ($5.5 million) in profit.
Some lines, however, declined in the final quarter of 2025, including foreign exchange trading, securities trading and equity investments.
