AsemconnectVietnam - Saigon Bank for Industry and Trade (Saigonbank, code SGB - UPCoM) has just announced its consolidated financial report for Q3/2025 with pre-tax profit of more than VND83 billion, up 78% over the same period last year, thanks to a sharp reduction of 88% in credit risk provisioning costs.

In Q3/2025, Saigonbank's business activities decreased somewhat compared to the same period. The main source of revenue decreased by 19%, resulting in only nearly VND198 billion in net interest income.
Saigonbank's service profit also increased by only 16%, earning more than VND9 billion. At the same time, foreign exchange trading only earned nearly VND5 billion in profit, even though this activity grew strongly, 4 times higher than the same period. Profit from other activities decreased slightly by 1%, to nearly VND44 billion. Operating expenses in the quarter increased slightly by 1% to VND161 billion.
As a result, Saigonbank's net profit from business operations in the third quarter of 2025 decreased by 33%, to more than VND94 billion. However, Saigonbank sharply reduced its credit risk provisioning expenses by 88%, only deducting nearly VND11 billion, thereby increasing pre-tax profit by 78% to more than VND83 billion.
In the first 9 months of the year, Saigonbank recorded pre-tax profit of VND258 billion, up 21% over the same period and completing 86% of the annual profit target of VND300 billion.
By the end of the third quarter of 2025, Saigonbank's total assets increased by 5% compared to the beginning of the year, to VND34,870 billion. Of which, customer loans decreased by 6% to VND20,505 billion; customer deposits increased by 6% to VND25,943 billion.
Total bad debt as of September 30, 2025 was recorded at VND635 billion, an increase of 9%. Of which, substandard debt decreased by 39%. As a result, the bad debt/outstanding debt ratio increased from 2.66% at the beginning of the year to 3.1%. The bad debt ratio according to Circular 31/2024/TT-NHNN as of September 30, 2025 is 2.23%.
According to the plan, Saigonbank plans to issue more than 22 million shares to existing shareholders, with an issuance rate of 6.5% (shareholders owning 100 shares will receive 65 new shares). The issuance capital is taken from after-tax profit in 2024 and accumulated undistributed profits of previous years.
The expected implementation time is after receiving written approval from the State Bank of Vietnam and competent State management agencies. If the above issuance plan is completed, the Bank's charter capital will increase from VND3,388 billion to VND3,608 billion.
Saigonbank said that the increased charter capital is expected to be used for a number of areas such as investment in facilities, technology infrastructure, investment in digital transformation information technology infrastructure innovation: investment in technology and fixed assets. Expanding credit activities, capital trading and other business activities of the Bank.
After increasing charter capital and implementing the above-mentioned plan to issue shares to increase capital, Saigonbank continues to grow in scale of operations. Accordingly, the plan for 2025 is with total assets expected to reach VND34,900 billion, an increase of 5% compared to 2024; capital mobilization increases by 5% to VND30,100 billion; outstanding loans increase by 10% to VND24,700 billion. Foreign payments are estimated at 300 million USD, an increase of 16 million USD compared to the previous year.
N.Nga
Source: VITIC/Tinnhanhchungkhoan