The Fifth Year of Comprehensive Restructuring: NCB Exceeds All 2025 Business Targets Ahead of Schedule

By the end of the first nine months of 2025, the National Citizen Commercial Joint Stock Bank (NCB) had surpassed all business targets set for the year, affirming the soundness of its strategic direction and laying a solid foundation for the next phase of breakthrough growth.

The business results for the third quarter and the first nine months of 2025 present an impressive picture of NCB’s growth, with all key indicators exceeding the full-year targets approved at the General Meeting of Shareholders held at the end of March this year. These achievements can be seen as the “fruits” of nearly five years of steadfast and decisive implementation of comprehensive restructuring solutions and the execution of a new strategy, developed in collaboration with one of the world’s leading strategic consulting organizations.

Strong Business Performance: Annual Targets Surpassed in Just Nine Months

According to NCB, the bank continued to record positive business performance in the third quarter of 2025, with net interest income estimated at over VND 685 billion, up 150%, and fee-based income estimated at over VND 62 billion, up an impressive 370% compared to the same period in 2024. By the end of the third quarter, NCB’s after-tax profit was estimated at nearly VND 190 billion.

For the first nine months of 2025, NCB’s after-tax profit was estimated at over VND 652 billion, marking a clear and strong turnaround from the negative result in the same period of 2024. Core business activities remained the main source of income, with cumulative net interest income estimated at over VND 1,947.7 billion, up 153%, and fee-based income at over VND 160.4 billion, up 155% year-on-year.

NCB Achieves and Surpasses 2025 Business Targets Ahead of Schedule

Compared with the 2025 plan, NCB has officially achieved and surpassed its business targets after just nine months. As of September 30, 2025, total assets were estimated at over VND 154,100 billion, up 30% compared to the end of 2024 and exceeding the plan by 14%. Total customer deposits (excluding valuable papers) were estimated at nearly VND 119,326 billion, and loans to customers at over VND 94,956 billion, up 24% and 33% respectively from the end of 2024, and surpassing the 2025 targets by 1% and 3%, respectively.

This result not only demonstrates the strong momentum of a bank undergoing a well-directed and effective restructuring process, but also reaffirms the soundness of NCB’s chosen strategies and systematic, well-executed solutions.

Since 2021, with the participation of a new management and executive team, NCB has comprehensively rebuilt and strengthened its internal capabilities, resolved long-standing issues, addressed structural challenges, and enhanced operational efficiency. As a result, in 2025 the bank achieved outstanding business performance, while maintaining the non-performing loan (NPL) ratio on total customer loans in line with the roadmap set under the Restructuring Plan.

Ambitious Goals: Accelerating into a New Growth Phase

The clear momentum accumulated year after year has propelled NCB into a new growth trajectory, bringing it closer to realizing its vision of “redefining the banking experience through innovation and creativity, becoming a hub of financial service innovation, pioneering advanced technology-based financial products and services, and evolving into a socially responsible bank contributing to the sustainable development of the communities it serves,” as outlined in its new strategic direction.

Accelerating Restructuring and Entering a New Growth Orbit

Building on its growth momentum, NCB announced that it is accelerating the restructuring process. The bank is completing the final steps to increase its charter capital by VND 7,500 billion to VND 19,280 billion in 2025, ahead of the timeline set in the Restructuring Plan. This marks the third consecutive capital increase within four years (2022-2025), a testament to NCB’s ongoing efforts to strengthen its financial foundation, expand business capacity, and ensure sustainable development.

In parallel, NCB is expediting the resolution of legacy assets and restructuring its investment portfolio toward higher-yield assets to optimize capital efficiency. The bank continues to focus on improving credit quality, implementing effective debt management measures alongside enhancing new credit quality by targeting customers with transparent financial capacity and sound performance, and by applying digitalization in credit operations to ensure safe and sustainable credit growth. Thanks to these effective measures, NCB currently maintains excellent credit quality, with the NPL ratio for new disbursements kept below 1%, and a notable improvement in overall asset quality and expansion of the income-generating portfolio.

Surpassing its 2025 business targets ahead of schedule marks not only a significant milestone in NCB’s comprehensive restructuring journey, but also the beginning of a new acceleration phase — a stage of breakthrough development along its own growth trajectory. NCB is steadily progressing toward becoming one of the country’s most reputable banks, offering pioneering financial services and solutions, and driving differentiation, innovation, and creativity in Vietnam’s era of national advancement, as the bank’s leadership has shared.