•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
LPBank reported a first-quarter 2026 pre-tax profit of 2.826 trillion VND, supported by credit growth, diversified income and a proactive risk-management approach. As of March 31, 2026, customer loan balances reached 403,026 billion VND, up 2.9% from end-2025 and up 14.4% year-on-year. The bank’s figures indicate it has completed about 25% of its full-year credit growth plan, within the limit allocated by the State Bank of Vietnam.
LPBank’s earnings trajectory points to effective expansion of its customer base, with retail banking identified as a key growth driver. On the funding side, deposits totaled 409,657 billion VND, rising modestly versus end-2025 and up 17.9% year-on-year. This provided a stable funding base to support liquidity and manage funding costs in a high-rate environment.
Total operating income in Q1/2026 reached 5,154 billion VND, up 10% year-on-year. Net interest income increased to 3,878 billion VND, up 18% year-on-year, reflecting portfolio optimization and a focus on higher-margin retail segments.
Non-interest income continued to contribute positively. Net fee and service income was 1,276 billion VND, representing about 25% of total operating income. Foreign exchange trading income rose by 252% year-on-year, highlighted as a standout contributor. Income from services and fees remained stable at about 13% of total income, which is described as above the sector average.
Vietcap Securities said the rising share of non-interest income is a positive development, helping banks reduce reliance on lending and move toward a multi-service model that can improve resilience to business-cycle shocks.
LPBank also increased credit risk provisions. In its Q1/2026 report, provisioning expense reached 774 billion VND, up about 3.9 times from the prior year’s quarter. The bank’s early-year provisioning is intended to strengthen asset quality and build a steadier foundation for subsequent quarters.
Alongside the results, LPBank plans to pay 2025 cash dividends at a 30% rate, described as a record-high payout. Analysts expect the 30% cash dividend for 2025 to be a positive signal for the stock market, reflecting solid fundamentals and management’s confidence in future growth.
With a nationwide network of over 1,000 branches, LPBank said it will continue expanding customer access and flexibly allocating funding by region to support stable funding costs and lending rates. The bank’s approach is aligned with State Bank of Vietnam guidance to balance credit growth with funding costs and help customers access capital at reasonable rates.
Overall, the solid Q1/2026 performance, strengthened risk buffers and stable asset quality are presented as a foundation for LPBank to pursue its 2026 strategic objectives.
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…
