Asia Commercial Bank (ACB) reported pre-tax profit for Q1/2025 at nearly VND 4,597 billion, down 6% year-on-year
Asia Commercial Bank (ACB) reported pre-tax profit for Q1/2025 at nearly VND 4,597 billion, down 6% year-on-year, mainly due to proactive implementation of interest rate support programs for customers. Net interest income decreased 5% to VND 6,359 billion. However, non-interest income rose 7.5%, notably with card business revenue surging 161% and service income growing 17%. ACB also increased credit risk provision expenses by 22% but still maintained an ROE of over 20%.
Asia Commercial Bank (ACB) reported pre-tax profit for Q1/2025 at nearly VND 4,597 billion, down 6% year-on-year, mainly due to proactive implementation of interest rate support programs for customers. Net interest income decreased 5% to VND 6,359 billion. However, non-interest income rose 7.5%, notably with card business revenue surging 161% and service income growing 17%. ACB also increased credit risk provision expenses by 22% but still maintained an ROE of over 20%.
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