ACB approves 2026 profit target of 22.338 trillion dong

On April 9, 2026, Asia Commercial Bank (HoSE: ACB) held its 2026 Annual General Meeting (AGM) to present business plans for the year to shareholders. Chairman Tran Hung Huy said 2025 was marked by volatility, as the global economy continued to grow modestly while domestic funding demand stayed high, putting pressure on liquidity and banks’ net interest margins.

Strategy for 2026: protect market position amid volatility

In response, ACB said it chose a strategic approach that involves accepting a portion of short-term profit sacrifice to protect market share, support customers, and strengthen the foundation for long-term development. The bank also emphasized tight control of asset quality, reporting a non-performing loan (NPL) ratio of 0.97%, among the lowest in the industry.

2025 performance and balance sheet growth

ACB reported that total assets surpassed one quadrillion dong, increasing 18.7% and exceeding its plan by 4.2%. The bank said deposit growth and debt instrument issuance reached 99% of the plan, while lending growth reached 102% of the plan.

ACB’s CEO, Tu Tien Phat, added that Q1 2026 results remained on plan. Consolidated figures showed profit approaching 5,400 billion dong, up 17% year-on-year. Credit growth was 3.2%, while growth in deposits and debt instrument issuance was 0.9%. The bank reported a CASA ratio of 22.9% and a CIR of 31.8%.

Asset quality and NPL outlook

ACB highlighted asset quality as a key strength. It reported NPL for categories 3–5 at 0.96%, lower than 0.97% in 2025 and at the lower end of the sector.

AGM approvals: 2026 profit plan and capital actions

The AGM approved ACB’s 2026 profit plan of 22.338 trillion dong. The bank said it will maintain a cautious growth trajectory linked to asset quality, capital safety, and operating efficiency in a business environment with many variables.

For 2025 profit distribution, ACB plans to pay cash and stock dividends by the end of Q2 2026. The bank said retained earnings will be prioritized to strengthen capital adequacy, bolster reserve buffers, and provide additional resources for the next development phase.

The AGM also approved increasing charter capital using ordinary shares derived from 2025 dividends, through issuance and additional listing of the shares to be issued. In addition, amendments to the charter were approved to establish a subsidiary in non-life insurance, aligning with ACB’s plan to expand its ecosystem and enhance customer service capacity.

Management perspective on the 2025–2030 cycle

Chairman Tran Hung Huy said 2025 was not only a year for responding to short-term fluctuations, but also a pivotal year as ACB completes building and begins implementing its 2025–2030 development strategy. The bank said its orientation for the new cycle focuses on strengthening internal capacity in the near term while investing in long-term competitiveness.