HCM CITY — An Bình Commercial Joint Stock Bank (ABBANK) reported strong results for the first nine months of 2025, with pre-tax profit surging eightfold year-on-year to over VNĐ2.3 trillion (US$87.2 million), achieving 128 per cent of its annual target.

As of September 30, 2025, ABBANK’s total operating income reached VNĐ5.27 trillion ($200 million). Return on equity stood at 16.5 per cent, while the cost-to-income ratio improved to 33 per cent. Customer deposits rose 34 per cent to VNĐ143.4 trillion, fulfilling 124 per cent of the yearly plan.

Total assets increased 25 per cent to VNĐ204.5 trillion ($7.7 billion), and outstanding loans reached VNĐ116.4 trillion, up 14 per cent year-on-year, completing 91 per cent of the 2025 target.

Digital transformation continued to drive ABBANK’s growth. Its next-generation digital banking platform, launched in 2025, attracted more users and boosted customer engagement. Online transactions by individual customers grew 49 per cent, while corporate clients using the ABBANK Business platform increased 20 per cent from a year earlier.

Asset quality also improved, supported by flexible management aligned with market conditions. The non-performing loan ratio was kept at 1.7 per cent, well below the 3 per cent threshold set by the State Bank of Vietnam (SBV). Capital adequacy ratios remained compliant with regulatory standards, ensuring a strong foundation for future expansion.

The SBV has recently approved ABBANK’s plan to raise its charter capital by VNĐ3.62 trillion, equivalent to a 35 per cent increase. Of this amount, VNĐ3.1 trillion will be raised through a rights issuance to existing shareholders and VNĐ517.5 billion through an employee stock ownership plan. After the increase, ABBANK’s charter capital will reach nearly VNĐ14 trillion, marking a key milestone in strengthening its financial base and supporting the next phase of growth.

General Director Phạm Duy Hiếu said: “Our strong performance in the first nine months reflects ABBANK’s consistent strategy of balancing efficiency, sustainability, and value creation for customers, shareholders, and the community. The SBV’s approval for the capital increase marks an important step that will enhance our financial strength, expand operations, and enable the development of new customer-focused products and services.”

The Vietnam Investors Service and Credit Rating Agency has reaffirmed ABBANK’s issuer credit rating at A- with a Stable outlook, citing improvements in risk management, bad debt resolution, and liquidity stability that reinforce investor confidence in ABBANK’s long-term prospects. — VNS