NCB accelerates in 2025: Early capital increase, exceeding all business plan targets
At the end of 2025, National Citizen Bank (NCB) recorded business results exceeding all plans and completed many important targets ahead of schedule in its restructuring plan (PACCL), affirming the correctness of its strategy and creating a solid foundation for a breakthrough phase.
Outstanding Business Performance, Significantly Strengthened Credit Quality
According to the financial report, at the end of 2025, NCB recorded outstanding growth in most financial indicators. Specifically, as of December 31, 2025, the bank's total assets reached over VND 163,615 billion, an increase of 38% compared to the end of 2024 and exceeding the set plan by 21%; customer loans reached VND 97,545 billion, exceeding the plan by 5%; total customer deposits reached VND 127,403 billion, a growth of 33% compared to the end of 2024 and exceeding the plan by 8%.
Notably, NCB's current account deposits (CASA) showed outstanding growth, reaching over VND 11,430 billion, exceeding the 2025 plan by 51% and growing by 22% compared to the same period in 2024. This significant improvement in CASA not only demonstrates customer confidence in NCB but also contributes to reducing costs and increasing profit margins for the bank amidst increasing competition in the banking and financial market.
NCB Exceeds All Business Plans for 2025
According to the financial report, NCB's consolidated after-tax profit for 2025 recorded a positive result, a significant improvement compared to the negative figure in the same period of 2024. Before making provisions and reversing accrued interest as per PACCL, NCB recorded after-tax profit of VND 947 billion, far exceeding the VND 59 billion plan approved at the beginning of the year and a strong increase compared to the same period of 2024.
According to PACCL, NCB is not expected to make additional provisions or reversing accrued interest in 2025. However, proactively using all profits to fulfill these obligations, exceeding the plan as per PACCL, demonstrates NCB's strong determination and consistent action in prioritizing the resolution of outstanding issues and establishing a sound and sustainable financial foundation alongside its business development goals.
In addition, NCB has also performed well in credit risk management, controlling the quality of its loan portfolio, and effectively implementing debt resolution solutions according to the PACCL roadmap. According to the report, the non-performing loan ratio for new disbursements from June 30, 2024, is very low, only 0.31% of the total outstanding customer loans, while the non-performing loan ratio for the portfolio outside of PACCL is 1.1%. These figures speak volumes about the continued significant improvement in NCB's credit quality.
This is the "sweet fruit" of the comprehensive restructuring strategy that the bank has steadfastly pursued for nearly five years. Thanks to the synchronized implementation of solutions to strengthen senior management capabilities, develop a high-quality workforce to meet innovation needs, enhance risk management capabilities and strong digital transformation, and develop pioneering and innovative financial solutions, NCB has not only gained increasing customer trust and favor but also improved its competitiveness and reputation in the market.
Early Capital Increase, Many Targets Achieved Beyond PACCL
One of the most important milestones in 2025 is NCB's completion of increasing its charter capital to VND 19,280 billion, one year ahead of the schedule approved at PACCL. This is the result of a systematic and transparent strategic planning and implementation process, and reflects the confidence of investors and shareholders in the bank's development strategy and long-term prospects.
At the extraordinary general meeting of shareholders held last December, NCB continued to approve a plan to increase its charter capital by an additional VND 10,000 billion, expected to be completed in 2026 through a private placement of shares to professional investors. The capital increase plan was approved by the State Bank of Vietnam at the end of January 2026. If this next capital increase is successfully implemented, the bank's charter capital will reach over VND 29,000 billion, earlier than the schedule at PACCL, and will be NCB's fourth consecutive capital increase within five years (2022–2026).
NCB is determined to complete the PACCL early.
The early capital increase helps NCB enhance its financial capacity, fully meet the safety ratios stipulated by the State Bank of Vietnam, and create room for expanding business operations in target customer segments and markets, leading to significant and breakthrough advancements. This is also an important prerequisite for the bank to accelerate the completion of the PACCL, meeting the goal of safe, efficient, and sustainable operation.
Along with the early capital increase, key aspects of the PACCL, such as the recovery and handling of bad debts, provisioning, and reversal of accrued interest, have all exceeded the set targets, demonstrating the bank's strong determination to achieve the PACCL early.
The results achieved in 2025 mark a milestone of nearly five years since NCB implemented comprehensive and robust restructuring solutions in parallel with its new strategy. From a bank facing numerous challenges, NCB has successfully transformed itself, gradually building an image of a bank with a solid financial foundation, transparent governance, and a clear development orientation. Simultaneously, it has created positive momentum for growth, propelling the bank into a brilliant new phase of development, joining the nation on its path towards an era of prosperity and strength.