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ABBank reports strong 2025 results and outlines 2026 targets. The bank's 2025 pre-tax profit reached 3,522 billion VND, up 4.5x from 2024 and well above the initial plan of 1,800 billion. Deposits rose to 161 trillion VND, up 46.6% from 110 trillion, while year-end lending stood at 127.6 trillion VND, with the loan-to-deposit ratio improving significantly. For 2026 ABBANK targets profit of 4,500 billion VND, a 28% rise; deposits to 247 trillion VND, up 53%; and lending to 139 trillion VND, up 9%. In the context of liquidity concerns across the banking sector, ABBANK plans to mobilize funds that exceed lending requirements. At the AGM, ABBank CEO Le Man Hung explained that in 2024 the LDR reached 110% to 120%, indicating the bank relied on interbank funding to support lending. The ALCO committee faced difficult trade-offs, and pushing the LDR back to 75% would invite scrutiny. As market conditions shifted in 2025–2026, liquidity became a central issue for banks. Chairman Vu Van Tien warned that liquidity would tighten and that those who hold capital would command the initiative. ABBank currently mobilized over 170 trillion VND, while credit stood around 130 trillion, leaving more than 40 trillion for interbank activity. When interbank rates rise to 8–9%, this surplus yields strong profits. On retail, ABBANK aims to reach at least 100,000 credit cards in 2026, with annual fees potentially contributing around 100 billion VND in revenue. With a customer base of 2.5 million, this target is achievable with decisive action. In Bancassurance, the bank plans to design products linked to long term benefits such as education savings or retirement, providing fee income and long-term funding. The CEO noted that large banks face challenges, but smaller players like ABBANK can seize opportunities, given ABBANK's typically lower funding costs and ability to act quickly when needed.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
