Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) announced a pre-tax profit of 6,215 billion VND in its second-quarter financial report, a 38.3% increase compared to the same period last year. This also represents the bank's highest profit to date. Net interest income reached 13,451 billion VND, a 5.6% increase year-on-year.

For the first half of the year, VPBank's pre-tax profit reached 11,229 billion VND, a 29.5% increase compared to the second quarter of last year. The bank has thus achieved 43% of its annual target.

As of 30/6, VPBank's total assets surpassed 1.1 quadrillion VND, making it the 7th bank in Vietnam to reach this milestone, following BIDV, Vietcombank, Vietinbank, Agribank, MB, and Techcombank.

Outstanding loans reached 829,126 billion VND, a nearly 19% increase since the beginning of the year. The bank has also set aside 17,195 billion VND in provisions for this outstanding balance.

Household businesses and individuals remain VPBank's largest customer group, with total outstanding loans of 348,147 billion VND, a 12% increase over the first six months. The bank's non-performing loans stand at 32,974 billion VND, representing nearly 4% of total loans, almost unchanged from the beginning of the year.

Customer deposits reached 600,774 billion VND, a nearly 24% increase since the beginning of the year, exceeding credit growth. Equity reached 152,182 billion VND, a 3.3% increase over the first 6 months.

At the close of trading on 22/7, VPB shares reached 22,500 VND per unit, a nearly 22% increase since the beginning of July. This is the highest price the stock has reached since 10/2023.

Trong Hieu