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ABBANK’s leadership and board approved a set of strategic decisions at the bank’s annual general meeting to accelerate growth, including a plan to raise more than 20 trillion VND in capital and to move its listing to HOSE by the fourth quarter of 2026. The initiative is positioned as a “double boost,” combining upgrades to internal fundamentals with higher market discipline to support sustainable development.
Moving from UPCoM to HOSE is described as more than a change in trading venue. It is intended to improve governance, transparency, and business performance—metrics that matter to investors, including large institutions and foreign investors.
ABBANK said it has prepared for the higher requirements by maintaining profitability with no accumulated losses, stable profitability indicators, and improved asset quality reflected in a low ratio of bad debts. The bank also reported upgrades in governance and information disclosure toward digitalization, including real-time data updates to improve timeliness and transparency in a listed environment.
Listing on HOSE is expected to have two-way significance: tighter oversight while also creating opportunities to improve valuation, liquidity, and access to higher-quality capital. ABBANK’s leadership said the bank has “a solid foundation and the conditions as well as the desire to meet higher listing standards,” accepting increased scrutiny in exchange for a valuation that matches.
Alongside the exchange switch, ABBANK approved a capital increase path of more than 20,000 billion VND, described as the largest capital raise in the bank’s history. The plan is structured as a “three-legged stool,” comprising stock dividends, a rights issue to existing shareholders, and an ESOP.
The bank said the approach is intended not only as a financial solution but also to align long-term interests between shareholders and bank staff.
ABBANK expects additional capital of more than 6,000 billion VND to be used mainly for lending activities, with a focus on strategic segments including retail and small and medium enterprises. The capital raise is also expected to strengthen the capital adequacy ratio, providing a financial buffer to sustain growth even if markets become volatile.
ABBANK emphasized that it is not pursuing growth at any cost. The bank plans to optimize efficiency by controlling costs, increasing low-cost funding, expanding service income, and focusing on higher-margin segments while diversifying risk. The goal is to sustain profitability while protecting asset quality as the bank scales.
In ABBANK’s view, the “double boost” will strengthen internal operations and shape investor expectations through a clearer growth story supported by HOSE’s higher standards and a large-scale capital increase.
In the context of Vietnam’s economy entering a new growth phase, with a GDP growth target above 10% and credit growth of 15–16%, ABBANK identified 2026 as the start of a fast-tracking phase in its mid-term development strategy.
For 2026, ABBANK targets pre-tax profit of 4,500 billion VND, up about 28% year-on-year. Total assets are expected to reach 291,000 billion VND, up more than 30%, while customer deposits are projected to exceed 247,000 billion VND, up 53%. Lending growth is guided to be more prudent at around 139,000 billion VND, up about 9%, with non-performing loans kept under 1.5%.
The bank said the 2026 plan was prepared thoroughly since Q3 2025, and early 2026 results are already consistent with the positive trend. ABBANK reported that first-quarter 2026 pre-tax profit surpassed 1,500 billion VND, up 269% year-on-year.
ABBANK also set customer and ecosystem goals alongside financial targets. The bank aims to reach 5 million personal customers in 2026, primarily through digital platforms, reflecting an intention to expand the customer base with optimized costs by leveraging technology to improve access and experience.
Retail is identified as a core driver, contributing around 70% of total income in the coming years. ABBANK said it leverages deep relationships with personal customers, small business owners, and SMEs, using products designed with personalization to build an “ecosystem of needs” spanning credit, savings, payments, and investments—rather than focusing on isolated transactions. The bank said this helps improve margins and diversify credit risk.
Technology is described as the second decisive factor, not merely a digitization exercise. ABBANK said it aims to build an integrated financial ecosystem on a single platform, using big data and artificial intelligence to proactively recommend solutions for each financial need, improving business performance and user experience.
To support growth, ABBANK plans to boost service income, described as high-margin and capital-light. It also aims to expand its payments ecosystem, increase card issuance, and raise CASA to reduce the cost of funds. The bank said this direction is intended to help maintain a stable net interest margin without increasing credit risk in an industry under margin pressure.
A unifying theme across the plan is sustainable development and risk management. ABBANK said keeping NPL under 1.5% during scale-up builds on the foundation achieved in 2025, when the NPL ratio stood at 0.53%.
ABBANK’s leadership highlighted the advantages of being a mid-sized bank, stating that “a lean body helps with faster restructuring of funding and shifting investments to areas such as securities or government bonds when resources are abundant.” The bank also emphasized that customers remain central to its strategy, saying: “If customers are good, the bank is good.”
On internal transformation, ABBANK said it is ready to innovate, including further deployment of technology. The bank noted that digital technology and artificial intelligence can increase efficiency while reducing costs, and stressed that people remain central to the transformation process.
ABBANK also framed its development philosophy around trust, focusing not only on higher profits but on building trust with customers, maintaining investor support, and fulfilling social responsibilities.
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