Eximbank reports first-quarter 2026 consolidated results with a pre-tax profit of more than VND 338 billion, driven by a strong build-up of credit-risk provisions. In the quarter, while prioritizing resources to reinforce a safe financial foundation, the bank still delivered a favorable profitability outcome. Net interest income rose 2% year-on-year to nearly VND 1,380 billion. Trading and investing activities turned a loss into a gain of nearly VND 2 billion, with gains from other income up 10% to VND 121 billion. On the negative side, non-interest income declined as fees from services fell 76%, trading gains were not recognized, and
foreign exchange trading swung to a loss. Eximbank demonstrated its ability to optimize costs, with operating expenses rising only 3% to VND 871 billion amid market volatility. As a result, net operating income from core activities declined 31% to VND 657 billion. In the quarter, the bank proactively increased loan-loss provisions to VND 319 billion, 2.5 times the prior-year level. This defensive move signals a priority to build a financial buffer to cope with market fluctuations, including rising industry-wide NPLs. Despite higher provisioning, pre-tax profit reached VND 338 billion. Compared with the annual target of VND 1,515 billion pre-tax, Eximbank achieved 22% of the plan after Q1. Kết quả kinh doanh quý 1/2026 của EIB. Unit: VND billion. By the end of Q1, total assets stood at about VND 269,958 billion, with loans to customers and customer deposits up 3% to VND 189,347 billion and VND 182,148 billion respectively. Total non-performing loans (NPL) as of 31/03/2026 rose 10% from the start of the year to VND 5,807 billion, and the NPL ratio rose from 2.86% to 3.07%. Credit quality of EIB as of 31/03/2026. Unit: VND billion.
