AsemconnectVietnam - Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank, code STB - HOSE) has just announced its consolidated financial report for the third quarter with pre-tax profit reaching VND3,657 billion, up 32.9% over the same period last year. Profit after tax was VND2,901 billion, up 31.8%.

Specifically, in the third quarter of 2025, both net interest income and non-interest income of Sacombank increased compared to the same period, helping total operating income (TOI) increase by 21.5% to VND8,797 billion. Of which, net interest income increased by 23.7%, reaching VND7,874 billion. In the third quarter of 2025, the Bank recorded an increase in interest income of nearly VND3,426 billion, while interest expenses increased by more than VND1,916 billion compared to the same period.
At the same time, Sacombank's non-interest income was supported by net interest income from other activities, bringing in VND52 billion, while in the same period it lost VND111 billion. Meanwhile, net interest income from services and foreign exchange trading decreased by 10.9% and 11% compared to the same period, bringing in VND673 billion and VND194 billion, respectively.
Net interest income from investment securities activities also decreased compared to the same period, but contributed insignificantly to the profit structure. Notably, the other activities recorded a loss of VND104 billion, while in the same period it brought in VND16 billion.
Sacombank's operating expenses increased by 24.6% year-on-year to VND4,096 billion, mainly due to higher staff costs and receivables provisions. Sacombank's net operating profit increased by 19% year-on-year to VND4,701 billion. However, with risk provisions in the third quarter of 2025 decreasing by 12.9% to VND1,044 billion, Sacombank's pre-tax profit grew positively year-on-year.
In the first 9 months of 2025, Sacombank increased its pre-tax profit to VND10,988 billion, up 36% year-on-year. Thus, compared to the target of VND14,650 billion in pre-tax profit set for the whole year, Sacombank achieved 75% after the first 3 quarters of operation this year.
By the end of the third quarter of 2025, Sacombank's total assets were over VND848,942 billion, up 13.5% compared to the beginning of the year. Of which, customer loans increased by 12.4% to VND606,048 billion; loan risk provisions increased by 75.3% to VND15,542 billion. The bank's bad debt balance at the end of September was VND16,665 billion, up 28.6%, increasing in all three debt groups. Therefore, the bad debt ratio increased from 2.4% to 2.75%. Customer deposits increased by 13.1% to VND641,102 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan