Asia Commercial Joint Stock Bank (ACB) Q2 2025 earnings summary

Executive summary

• Maintained leading retail banking position in Vietnam with 3.61% retail lending market share and 3.64% in retail deposits.

• Total assets reached 933,541,420 million VND as of June 30, 2025, up from 864,005,703 million VND at year-end 2024.

• Customer loans increased to 633,748,683 million VND, with customer deposits at 567,406,860 million VND.

• Net profit after tax for H1 2025 was 8,559,425 million VND, up slightly year-over-year.

• Digital transformation and ESG initiatives recognized with multiple awards and industry leadership.

Financial highlights

• 1H25 consolidated profit before tax reached 10.7 trillion VND, 46% of annual target, with ROE at 20.6% (up 2% YoY).

• Lending grew 9.1% and deposits 5.6% vs 2024; CASA at 128 trillion VND, up 2.4%.

• Net interest income for H1 2025 was 13,042,713 million VND, down from 13,833,024 million VND year-over-year.

• CIR at 31.5% (down 0.5% YoY), NPL at 1.26% (down 0.23%), among the lowest in the sector.

• Q2 PBT improved 33% YoY, driven by NFI growth and cost optimization.

Outlook and guidance

• FY25 guidance: credit growth 16–18%, deposit growth 14–15% vs 2024.

• NPL ratio targeted below 1.3%, ROE to remain high (~20%), CIR to improve to 33%.