AsemconnectVietnam - At the end of the first half of 2025, Prosperity and Development Joint Stock Commercial Bank (PGBank - UPCoM stock code: PGB) achieved pre-tax profit of VND284 billion, an increase of nearly 35% over the same period in 2024.

PGBank has just announced its financial report for the second quarter of 2025 with total assets increasing by 7.6% compared to the end of 2024, reaching VND78,553 billion. Pre-tax profit in the first 6 months of 2025 reached VND284.3 billion, up 35% over the same period in 2024. Outstanding credit reached VND45,436 billion, up 9.4% over the end of 2024. Mobilization from market 1 reached VND46,726 billion, up 7.8% over the end of 2024. Total net revenue in the first 6 months reached VND1,074 billion, up 31.9% over the same period in 2024, mainly due to growth in loan scale and non-interest income growth. The investment portfolio grew further, in addition to government bonds, it also invested in certificates of deposit, so net interest income grew. Non-interest income in the first 6 months reached VND152 billion, up more than 100% over the same period, mainly due to increased revenue from disbursement and foreign currency trading activities. Guarantee and insurance activities increased slightly. Revenue from using provisions reached VND65.4 billion, an increase of VND41.2 billion compared to the same period in 2024 thanks to the acquisition of a number of large customers who have existed for many years.
PGBank's positive business indicators in the first 6 months of the year are the result of promoting products and services to attract retail customers such as foreign currency, cards, and car loans. In addition, PGBank also launched new products and preferential credit packages for corporate customers operating in industrial parks, import-export customers, providing credit to EVN contractors, and the PG Green green credit program, etc., actively contributing to attracting new customer growth.
PGBank has also actively invested and implemented many synchronous solutions to realize the goal of reaching the Top 15 leading banks in terms of net income growth rate (TOI) by the end of 2030. The Bank has started to deploy core applications, with key projects such as upgrading the core banking system, deploying a unified multi-channel transaction system (Omni Channel) to enhance the experience of individual and corporate customers; restructuring the information technology system, ensuring system security.
N.Nga
Source: VITIC/Tinnhanhchungkhoan