Strong Business Growth Propels NCB to Two Consecutive Quarters of Positive Profit

By the end of Q2/2025, National Citizen Commercial Joint Stock Bank (NCB) recorded a nearly 6.5-fold increase in post-tax profit compared to the same period in 2024. This positive outcome signals that NCB is on the right trajectory, delivering initial results aligned with its strategic goals.

NCB has just announced its Q2/2025 business results, with a range of promising indicators. These achievements stem from accelerated business activities under the new Digital Wealth Strategy, product and process improvements, and the bank’s restructuring efforts in line with the approved Restructuring Plan toward 2030. This plan was endorsed under the Government’s Project on Restructuring the Credit Institution System in association with Non-Performing Loan (NPL) Resolution for the 2021–2025 period (Decision No. 689/QĐ-TTg), with guidance from the State Bank of Vietnam.

Outstanding Business Growth

According to NCB, the bank posted another quarter of positive post-tax profit in Q2/2025, estimated at over VND 311 billion. For the first half of 2025, total post-tax profit is estimated at over VND 462 billion, a significant increase from just VND 6 billion in the same period of 2024. As of June 30, 2025, total assets are estimated at over VND 144,054 billion, up 21.6% compared to year-end 2024 and exceeding the full-year target of VND 135,500 billion by 6.3%.

NCB Gains Increasing Market Trust and Preference

With customer experience as the central focus, NCB continues to innovate in technology, products, and services—becoming increasingly trusted and preferred by the market. This has translated into impressive business growth: Customer lending is estimated at nearly VND 86,835 billion, up 22% from December 31, 2024. Total capital mobilization (including customer deposits and issued valuable papers) is estimated at over VND 120,148 billion, a 19.6% increase compared to year-end 2024, equivalent to over VND 19,726 billion in growth, even amid a low-interest rate environment. Compared to the targets approved at the Annual General Meeting in March 2025, customer lending has already reached 90.4% of the annual plan, and total capital mobilization has exceeded the target by nearly 1.4%.

Thanks to the decisive resolution of legacy issues and comprehensive remedial efforts, NCB has improved operational efficiency through well-structured, strategic, and timely execution of its approved Restructuring Plan. The bank’s non-performing loan (NPL) ratio over total outstanding customer loans has significantly declined compared to year-end 2024. Lending activities now focus on customers with strong credit scores and transparent loan applications, with digitalization enhancing the speed, simplicity, and convenience of the credit process.

Driven by strong core business performance, net interest income for H1/2025 is estimated at VND 1,262.5 billion—up 155% year-on-year. This remains the bank’s main source of revenue, underscoring the soundness of its business strategy and laying the groundwork for safe, stable, and sustainable growth.

Other business segments such as service operations, foreign exchange trading, and investment securities also turned profitable in Q2 and throughout H1/2025—remarkable results given the economic volatility and the internal dual challenge of executing a new strategy while simultaneously undergoing restructuring.

Strengthening Financial Capacity and Planning a Brand Repositioning

In 2025, NCB aims to raise its charter capital to VND 19,280 billion. This capital increase plan has been approved by the State Bank of Vietnam. Notably, 17 professional investors have registered to participate in the upcoming private placement—some of whom are existing shareholders—reflecting growing investor confidence in NCB’s long-term development orientation.

NCB plans a brand repositioning initiative, promising a completely refreshed brand image and customer experience

If the current offering of 750 million shares is successful, it will mark NCB’s third consecutive annual capital raise from 2022 to 2025, ahead of the timeline set in the approved Restructuring Plan. This will strengthen NCB’s financial foundation and increase the availability of long-term, stable funding for business expansion.

Alongside its efforts to bolster financial capacity and meet strategic objectives, NCB continues to heavily invest in technological infrastructure, accelerating digital transformation under the new strategy. The bank is committed to pioneering financial product development on advanced technology platforms, embracing innovation to deliver breakthrough financial solutions to customers.

In parallel, NCB is preparing to launch a comprehensive brand repositioning project, redefining its identity and customer experience to meet evolving needs and create greater value for the clients it serves.

The exceptional business results in the first half of 2025 demonstrate the collective efforts and unity across the entire NCB system. These achievements reflect the bank’s ability to stand on its own feet and make steady, optimistic progress after just three years of comprehensive transformation. This is also strong evidence that NCB has chosen the right direction and is executing its strategies with determination and effectiveness—step by step building its image as a reputable, healthy bank trusted by both investors and customers.