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Q1 2026 consolidated results show BIDV posted a pre-tax profit of nearly 8,572 billion VND, up 16% year-on-year, despite higher provisioning for credit risk. The bank’s improved earnings came even as it increased credit risk provisions during the quarter.
In the first quarter, BIDV’s core net interest income rose 13% year-on-year to nearly 15,734 billion VND. Non-interest income also expanded across multiple lines: service income increased 6%, foreign exchange trading income rose 28%, and income from other activities grew 70%.
Operating expenses rose 12% to 6,627 billion VND, but pre-provision operating profit increased 17% to 14,069 billion VND. During the period, BIDV increased credit risk provisions by 20% year-on-year to 5,497 billion VND. As a result, pre-tax profit rose 16% to nearly 8,572 billion VND.
As of the end of Q1, BIDV’s total assets rose 2% from year-end to nearly 3.39 quadrillion VND. Customer lending increased 2% to nearly 2.43 quadrillion VND, while customer deposits fell 4% to 2.14 quadrillion VND.
The gross non-performing loan (NPL) stock as of 31/03/2026 rose 22% from the start of the year, reaching 42,655 billion VND in gross loan balance. The NPL ratio increased from 1.47% at year-start to 1.76%.
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…
