SACOMBANK announces 2025 business results: Proactively strengthning provisions to reinforce a solid financial foundation

In terms of business scale, by the end of 2025, SACOMBANK’s total assets reached nearly VND 918 trillion, representing an increase of 23% compared to the beginning of the year. Total mobilized funds exceeded VND 837 trillion, up 24%, while total outstanding credit stood at over VND 626 trillion, up 16%, solidifying SACOMBANK’s position as a top player in the banking system. The Bank also continued to accelerate the recovery and resolution of legacy non-performing assets, successfully handling over VND 16 trillion, demonstrating that its strong capability in dealing with bad debts despite persistent challenges in the real estate market.

SACOMBANK’s consolidated total operating income (TOI) reached nearly VND 32.1 trillion, representing 12% year-on-year. Net interest income remained the primary growth driver , reached almost VND 26.7 trillion, increased by 9%; while fee-based income, foreign exchange trading, and other business activities delivered a solid contributions reflecting the effectiveness of the Bank’s diversified income strategy and the resilience of its core business operations. Operating expenses were optimized at nearly VND 13,100 billion, a reduction of nearly 7% compared to the previous year. Consequently, the cost-to-income ratio (CIR) declined by 8 percentage points to around 40%. As a result, this operational excellence drove pre-provision operating profit to nearly VND 19,000 billion, a robust 29% increase over 2024, underscoring the Bank’s sustained momentum in core operating efficiency.

Consolidated pre-tax profit for 2025 reached VND 7.628 trillion, equivalent to 52% of the target approved by the General Meeting of Shareholders. This outcome was primarily driven by SACOMBANK’s strategic decision to significantly increase credit risk provisioning, with total provisions exceeding VND 11.3 trillion for the year. This reflects the Bank’s prudent and proactive risk management approach, aimed at enhancing resilience amid rising market risks and ensuring readiness to address legacy assets. This strategic move prioritizes asset quality and sustainable development growth over short-term profit goals, laying the solid foundation for medium and long-term stability.

Looking ahead to 2026, SACOMBANK will continue to pursue its strategy of Safe - Efficient - Sustainable growth, focusing on restructuring assets and liabilities, strengthening core business segments, optimizing operations, and enhancing cost management. The Bank is confident that the reinforced financial foundation established during this period will establish provide as a strong platform for profit recovery and stable growth in the years ahead.