Sacombank among VN’s Top 10 Reputable Commercial Banks, reports jump in Q2 profit

Sacombank among VN’s Top 10 Reputable Commercial Banks, reports jump in Q2 profit

Sacombank has been named among the Top 10 Reputable Vietnamese Commercial Banks for 2025 by Vietnam Report and VietNamNet.

Hà Văn Trung, deputy CEO of Sacombank, receives the award recognising the bank as one of the Top 10 Reputable Vietnamese Commercial Banks in 2025, presented by Vietnam Report and VietNamNet. — Photo courtesy of Sacombank

Sacombank has been named among the Top 10 Reputable Vietnamese Commercial Banks for 2025 by Vietnam Report and VietNamNet.

The lender also made it into the Top 5 Most Reputable Private Joint Stock Commercial Banks and was included in the VIX50 – Top 50 Reputable and Efficient Public Companies.

These accolades are based on independent evaluations using financial indicators, media reputation and surveys of key stakeholders in the financial and banking sector.

Sacombank’s consistent presence in prestigious rankings underscores its resilience in what is an increasingly volatile economic environment.

With its stable financial performance, a robust technology foundation and a flexible growth strategy, the bank continues to innovate to meet the evolving needs of individual customers, businesses and investors.

In addition to its strong business performance, Sacombank is also highly regarded for its transparency, compliance with international corporate governance standards and commitment to sustainable development through the adoption of ESG (environmental – social – governance) frameworks in its operations.

According to its consolidated financial statement for the second quarter of 2025, Sacombank reported a pre-tax profit of over VNĐ3.66 trillion (US$138 million), a 36 per cent increase year-on-year.

For the first half of the year, the profit figure was VNĐ7.3 trillion ($279 million), or 50 per cent of its full-year target. The strong performance was driven by notable improvements in net interest income and earnings from services. The net interest income was VNĐ13.5 trillion ($513 million), up 11.4 per cent, while net income from services jumped by 30.8 per cent to nearly VNĐ1.7 trillion ($61 million).

As of June 30, total assets were VNĐ807.3 trillion ($31 billion), up 7.9 per cent compared to the beginning of the year. Outstanding loans rose 9 per cent to approximately VNĐ588 trillion ($22.5 billion), while customers’ deposits increased by 10 per cent to VNĐ624.3 trillion ($23.8 billion).

Provisions were maintained at a prudent level, enabling the bank to keep its non-performing loan ratio at 2.14 per cent, reflecting effective asset quality control during its restructuring phase. 

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