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Against a backdrop of a global economy that remained uncertain and challenged at the start of 2026, Asia Commercial Bank (ACB) continued its steady growth trajectory while strengthening its safe financial foundation.
In Q1/2026, pre-tax profit reached 5.4 trillion dong, up 55% quarter-on-quarter and 17% year-on-year, reflecting a strong recovery after proactive loan-loss provisioning in Q4 2025 and demonstrating the effectiveness of prudent management.
ACB reported total income of 8.9 trillion dong in Q1/2026, up 13% year-on-year. Net interest income increased 10%, while non-interest income rose 23%, indicating a more balanced income mix.
Fee income grew 14%, with insurance commissions up 7%. Core fee sources continued to expand, including account service fees (up threefold), international payments fees (up 22%), and guarantee fees (up 32%), supporting ACB’s strategy to grow non-interest income.
The cost-to-income ratio (CIR) remained at 32%, lower than in 2025, reflecting financial discipline and efficiency gains across the group.
ACB’s total assets continued to rise after surpassing VND 1 quadrillion. The asset mix remained sound, with 97% of assets being interest-earning.
As part of its aim to become an efficient financial holding company by 2030, ACB continued to raise group-wide efficiency and leverage the strength of its subsidiaries.
In Q1/2026, pretax profit of subsidiaries increased 2.6 times year-on-year, raising their contribution to consolidated profit to 8%.
By the end of Q1/2026, ACB’s loan portfolio reached VND 711 trillion, up 3.2% from the start of the year. The growth was mainly driven by the corporate segment, which rose 6%, concentrated in core areas such as trade and processing-manufacturing.
Lending to large enterprises and FDI were notable, increasing 15% and 43% respectively from the start of the year. Credit to individuals also continued to grow positively.
ACB said asset quality and liquidity safety remained among the leading groups. As business activity expanded, the bank highlighted clear risk-management capability and capital safety discipline.
ACB also maintained strict liquidity and capital safety discipline. The short-term loan-to-deposit ratio for medium- and long-term lending was around 24.9%, well below the State Bank of Vietnam (SBV) limit. The loan-to-deposit ratio (LDR) was controlled at 81%, below the 85% cap. Under Circular 14, the consolidated capital adequacy ratio (CAR) reached 12.6%, improving versus end-2025 and well above the SBV requirement.
ACB continued developing a comprehensive financial-solutions ecosystem, including certificates of deposit, funds, corporate bonds, and cash-management solutions, designed to fit different customer goals and risk appetites.
By end-Q1 2026, ACB had issued nearly 10,000 billion dong in certificates of deposit to retail customers. The bank also extended solutions to the corporate segment under its C1425 strategy.
With a long-term approach to support households and small businesses, ACB signed agreements with the Ho Chi Minh City Tax Department and collaborated with 29 local tax offices to deliver solutions such as free sales software, preferential electronic invoicing, digital signatures, and online money transfers. ACB said the “Đồng Minh Thông Thái” ecosystem is helping small business owners improve operational efficiency and adapt to the new regulatory environment.
ACB launched a package worth VND 30 million for small businesses to meet new regulatory requirements and support business expansion during the transition. The package includes:
The package also enables connection to more than 9 million customers on the ACB Rewards ecosystem, supporting ACB’s plan to standardize and expand the market.
ACB said it is developing a sustainable development strategy for 2026–2030 as a cornerstone of its corporate strategy, integrated into business management, risk governance, and core operations in line with international ESG standards. The bank plans to improve governance, empower its Sustainable Development Committee, and roll out CSR programs focused on health, education, and the environment.
ACB also reiterated its commitment to transparency and standardized disclosure, including publishing an independent Sustainability Report for the fourth consecutive year.
Commenting on Q1/2026 results, Mr. Tu Tien Phat, CEO of ACB, said: “In a challenging business environment, the results demonstrate adaptability and resilience in ACB’s operating model. The bank is committed to cautious growth, strengthening asset quality and efficiency, and views this as a foundation to seize opportunities when market cycles become more favorable.”
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