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Entering 2026 with a growth strategy focused on efficiency, safety and customer experience, BVBank (BVB) reported positive operating momentum in the first quarter. As of 31 March 2026, total assets reached about 136.884 trillion VND, up 24% year on year, indicating sustained expansion.
Customer lending reached over 79.9 trillion VND, up 11% year on year and 2.1% compared with the start of 2026, aligning with government and central bank credit growth targets. BVBank said it maintains a selective credit growth approach, focusing on individuals and small and medium-sized enterprises (SMEs), which form the core of its loan portfolio.
About 95% of the loan portfolio is retail, supporting the bank’s continued emphasis on individual and SME customers.
On funding, total mobilization reached 126.7 trillion VND, up 24% from the same period. Deposits from economic organizations and residents remained the main funding source, at over 101.3 trillion VND, up 21%.
In the first quarter, the funding mix shifted toward 6–12 month tenors, reflecting flexibility in liquidity management and supporting improved liquidity and reduced funding costs. The bank also linked this to its funding base built in 2025, when deposits from individuals and organizations continued to underpin the structure.
BVBank’s Q1 2026 pretax profit reached 216 billion VND, up 170% year on year (about 2.7 times) and representing 31% of the annual plan. The bank attributed the result to improved asset profitability and margin.
Net interest income reached nearly 900 billion VND, up more than 60% year on year. Net interest margin improved by 0.4 percentage points as the earning asset base grew 29%.
In 2025, BVBank had already strengthened core income, with net interest income accounting for about 92% of total net income of over 2.9 trillion VND.
Non-interest income increased as service activities, foreign exchange, payments and debt collection intensified, including recoveries from previously resolved risks. The share of non-interest income in total income rose to 13%, up from 8% at end-2024, helping diversify the revenue mix and reduce reliance on traditional credit.
Operating expenses were managed within a reasonable range. The cost-to-income ratio (CIR) fell by 7%, reflecting improved cost control. BVBank said the trend is consistent with its broader operating efficiency improvement path, supported by optimizing operations, cost control and productivity through digital transformation.
In the first three months of 2026, new digital channel customers grew 27% from the start of the year. Total transactions increased 40%, while total transaction value rose 160% versus 2025.
BVBank also highlighted its effort to broaden the corporate customer base through the Digistore digital payments platform. By end March 2026, the platform reached about 24,000 customers after a little over a year of deployment.
With these positive Q1 results, BVBank said it has a favorable platform to further strengthen core operations, diversify product services and enhance financial capacity. The quarterly performance indicates that its growth strategy is on track.
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