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According to Bac A Bank’s consolidated first-quarter 2026 financial statements, the bank posted pre-tax profit of over 378 billion dong, up 3% year-on-year. The increase was mainly driven by higher net interest income, which helped offset declines in non-interest income and continued pressure from credit risk provisioning as total bad debt expanded.
In Q1, core operations were the main growth driver, with net interest income surpassing 1,020 billion dong, up 17% year-on-year.
Non-interest income weakened during the quarter, with declines recorded across several categories:
Bac A Bank reduced operating expenses by 8% to around 495 billion dong. As a result, net profit from operating activities rose 12% to over 471 billion dong.
The bank increased provisioning for credit risk by 40% to around 149 billion dong. At the same time, there was a near 56 billion dong provisioning reversal during the period. Overall, these factors contributed to only a modest 3% rise in pre-tax profit to more than 378 billion dong.
Compared with Bac A Bank’s full-year pre-tax profit target of 1,500–1,650 billion dong for 2026, the bank achieved about 23–25% of the target after Q1.
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…
