Asia Commercial Joint Stock Bank (ACB) Q3 2025 earnings summary

Executive summary

• 9M25 PBT was VND16,071,749 million, up from VND15,334,600 million year over year; net profit after tax was VND12,840,014 million and ROE was 20.3%.

• Lending grew 15.2% YoY, reaching VND669,188,125 million; customer deposits were VND571,028,953 million as of September 30, 2025.

• Total assets reached VND948,549,176 million, up from VND864,005,703 million at year-end 2024.

• NPL ratio improved to 1.09%; NPLs fell to VND5,488,252 million from VND6,748,132 million at year-end 2024.

Financial highlights

• 9M25 PBT was VND16,071,749 million; Q3 PBT was VND5,382bn, down 6% QoQ following Q2 one-off NFI.

• 9M25 NII fell 4% YoY to VND19,812,423 million; Q3 NII was VND6,770bn, up from VND6,684bn in Q2.

• 9M25 NFI decreased 36% YoY to VND4,242bn; net fee and commission income was VND2,252,469 million, down from VND2,369,960 million.

• Operating expenses were VND8,141,985 million, nearly unchanged year over year; 9M25 operating costs fell 0.3% as revenue grew 2.5%.

• Credit risk provision expense was VND3,250,753 million, up from VND3,113,572 million; net gain from trading securities rose to VND427,755 million from VND226,447 million.

Outlook and guidance

• FY25 forecast: credit growth of 18%, deposit growth of 14%-15%, NPL ratio below 1.2% and CIR of 33%.

• The 2025-2030 vision targets personalized financial services on an integrated, technology-, data- and AI-enabled platform; capability-building is prioritized in 2025-2026, core revenue growth in 2027 and new business areas in 2028-2030.

• Digital transformation and service expansion are expected to support future growth; risk management and compliance with new loan-classification and provisioning rules remain priorities.