BVBank: 2026 AGM targets 34% profit growth and move to HOSE

BVBank (Vietnam Bank for Investment and Development; UPCoM: BVB) held its 2026 annual general meeting (AGM) on the afternoon of April 16 in Ho Chi Minh City to present its agenda, including the business plan, profit distribution, a plan to list on HOSE, and the addition of an independent board member for the 2025–2030 term.

1Q2026 performance and 2026 business direction

BVBank expects 1Q2026 net profit of VND 215 billion, up 1.7x year-on-year. Chairman Le Anh Tai said that despite a challenging operating environment in Q1 2026, the bank has controlled its operations and met its planned profit target.

CEO Ly Hoai Van said 2026 is expected to open a new phase for BVBank, with customer experience at the center and growth driven by digitalization, where the technology platform is positioned as a key growth engine. The bank said it will not invest indiscriminately in a competitive market, but will focus on core strengths while adding new areas, optimizing capital, resources, asset quality, and risk management.

BVBank plans to build a digital ecosystem by expanding user utilities, strengthening connections, and synchronizing traditional and digital channels to deliver a seamless service journey. The bank specifically highlighted advancing cash management and payment solutions to support merchants, small traders, and micro-businesses.

The bank projects a 30% increase in new customers in 2026.

Strategic objectives and balance-sheet targets

In discussing the outlook, the CEO highlighted three macro challenges—exchange rate, interest rates, and energy finance dynamics—noting potential inflationary pressure. The bank also said the economy is expected to grow around 10%, supported by timely and flexible government and State Bank of Vietnam policy, which it said helps keep interbank and consumer loan rates stable.

BVBank outlined five core strategic objectives for 2026:

• Controlled credit growth of 15–18% per year.
• Continued improvement in asset quality through better debt collection.
• Rigorous treasury management to maintain a safe, sound balance sheet and diversify income.
• Strict monitoring of execution of objectives in line with Board and shareholder directions.
• Balance-sheet expansion: total assets rising from VND 133,000 billion to VND 155,000 billion; deposits from institutions and individuals to around VND 112,000 billion; and total loans and deposits surpassing VND 100,000 billion.

BVBank said deposits have already exceeded VND 100,000 billion, providing a base for continued growth.

Digital banking progress and channel performance

BVBank described two “bright spots”: building a digital bank as a growth pillar within its retail model to manage customers’ cash lifecycles, and strong performance across channels. The bank reported 730 million inbound/outbound cash transactions, up 188%, totaling VND 192,000 billion. It said ongoing optimization of these channels is expected to reduce costs and improve customer experience.

Profit target and capital plan

Chairman Le Anh Tai said BVBank’s profit target for 2026 was increased by 34%. He noted that while 2026 is expected to deliver solid growth amid geopolitical tensions and energy price volatility affecting global trade and supply chains, BVBank will continue its strategy of growth with safety and digitalization to expand its customer base.

BVBank targets by end-2026:

• Total assets: VND 155,000 billion (up 16% from the start of the year).
• Deposits from Market 1 customers: about VND 111,686 billion (up 14%).
• Credit loans: VND 92,552 billion (up 18%).
• Pretax profit: VND 700 billion (up 34% year-on-year).

The AGM also reviewed BVBank’s charter capital increase plan to raise charter capital to VND 9,912 billion. At the 2025 AGM, shareholders approved increasing charter capital in 2026 by VND 3,504 billion through a 2-for-1 public share issuance (about 320.41 million shares, increasing by VND 3,204 billion) and an additional 30 million ESOP shares (raising VND 300 billion). If both plans are completed, charter capital would rise from VND 6,408 billion to VND 9,912 billion.

HOSE listing proposal and board appointment

BVBank presented a plan to move BVB’s trading from UPCoM to HOSE. The bank said that although previous AGMs approved moving from UPCoM to HOSE, procedures were not completed due to market conditions. For 2026, the Board proposed cancelling the UPCoM listing and listing all BVB shares on HOSE, with timing, listing price, and advisory arrangements to be handled.

The AGM also elected Mr. Le Minh Huan as an independent director for the 2025–2030 term. All proposals were approved.

End of report.