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LPBank reported a pre-tax profit of VND 2,826 billion in Q1 2026, supported by continued loan growth, an expanding non-interest income base, and higher provisions to strengthen asset quality. The figures come from the bank’s Q1 2026 financial report.
As of March 31, LPBank’s customer loan balance reached VND 403,026 billion, up 2.9% from end-2025 and up 14.4% year on year. The increase is equivalent to about 25% of the bank’s full-year credit growth plan, consistent with the lending limit allocated by the State Bank of Vietnam.
Deposits in “Market 1” (households and business organizations) totaled VND 409,657 billion in the first three months of the year, up slightly versus year-end and up 17.9% year on year. The bank said stable funding helps maintain liquidity and supports cost control in an environment where interest rates remain high.
Total operating income in Q1 2026 reached VND 5,154 billion, up 10% year on year. Net interest income was VND 3,878 billion, up 18%, reflecting portfolio optimization and a focus on the retail segment with higher margins.
Non-interest income continued to contribute positively, totaling VND 1,276 billion and accounting for about 25% of total operating income. Foreign exchange trading income rose 252% year on year, while service and fee income remained stable, representing 13% of total income.
Vietcap Securities assessed that increasing the share of non-interest income is a positive trend, helping banks reduce reliance on lending and shift toward a multi-service operating model, which can improve resilience across economic cycles.
In Q1, LPBank increased risk provisions. Provisions expense reached VND 774 billion, up 3.9 times versus the same period. The bank said this reflects prudent risk management and is intended to strengthen asset quality from the start of the year, while also providing additional headroom for stability in later quarters.
Alongside its operating results, LPBank plans to pay 2025 cash dividends at a rate of 30%, reflecting its current financial strength and commitment to sustaining shareholder value.
The bank also continues to leverage a nationwide network of over 1,000 transaction points to broaden customer access and support fund allocation across regions. LPBank said it implements policies aligned with the State Bank of Vietnam, aiming to balance credit growth with the cost of funds to help customers access capital at reasonable interest rates.
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