Asia Commercial Joint Stock Bank (ACB) Q4 2025 earnings summary

Executive summary

• Achieved robust credit growth of 18.6% year-over-year, with total lending reaching VND 689 trillion and deposits up 12.4% to VND 718 trillion in FY2025.

• Total assets reached VND 1,025,850,127 million as of 31 December 2025, up from VND 864,005,703 million year-over-year.

• Profit before tax (PBT) was VND 19.5 trillion, down 7% year-over-year, reaching 85% of the annual target, mainly due to higher provisioning.

• Maintained best-in-class asset quality with NPL ratio at 0.97% and loan loss reserve (LLR) at 114%.

• Continued digital transformation and ESG initiatives, with significant growth in e-banking transactions and sustainable finance packages.

Financial highlights

• Total assets surpassed VND 1 quadrillion, reflecting an 18% CAGR from 2021 to 2025.

• Net interest income (NII) declined 3% year-over-year, but non-interest income (NFI) grew 21%, supporting total revenue growth of 1%.

• Cost-to-income ratio (CIR) improved to 32.3%, with revenue growth outpacing cost growth.

• Capital adequacy ratio (CAR) stood at 12%, above regulatory requirements, with transition to Circular 14 expected to further strengthen capital buffers.

• Interest and similar income for 2025 was VND 58,755,829 million, up from VND 50,902,749 million year-over-year.

Outlook and guidance

• FY2026 forecast includes credit growth within 16-18%, service fee income up 25%, CIR between 35-36%, NPL ratio below 1.2%, and CAR at or above 12%.

• The bank continues to focus on risk management, credit quality, and compliance with regulatory requirements.