NCB reports Q1 profit, aims to complete the 2026 business plan ahead of schedule

NCB reports Q1 profit, aims to complete the 2026 business plan ahead of schedule. Ending the first quarter of 2026, National Commercial Joint Stock Bank (NCB) reported a range of strong business indicators. This positive result shows that NCB is on track to complete the 2026 business plan and the restructuring plan ahead of schedule, with a view toward sustainable development. Many indicators reached about 90% of the annual plan. NCB published its Q1 2026 financial statements. As of the first quarter of 2026, NCB recorded impressive results. Total assets as of 31/03/2026 reached nearly VND 173,504 billion, up 6% from end-2025. Profit before tax stood at over VND 216 billion, up from nearly VND 151 billion in Q1 2025, a 43% increase. Net interest income exceeded VND 792 billion, up about 57%; income from services reached over VND 108 billion, up about 270% year over year. Total deposits at end-Q1 2026 rose about 6% from end-2025, to nearly VND 139,110 billion. As of 31/3/2026, total loans to customers exceeded VND 116,876 billion, up 20% from 31/12/2025. The ratio of non-performing loans and credit quality structure continued to improve, indicating NCB is effectively managing credit quality and implementing debt resolution measures under the PACCL plan. Compared with the 2026 business targets, NCB had completed 91% of the total asset plan, 89% and 88% of lending and funding plans respectively. Earlier, NCB's 2026 AGM approved the business plan with total assets of VND 189,912 billion, up 16% from 2025. Customer deposits target were VND 158,685 billion, up 20% from end-2025. Notably, demand deposits reached VND 15,312 billion, up 33% from end-2025, boosting CASA ratio to 9.6% of total deposits. The bank also set a lending target of VND 131,686 billion, up 35% from 2025, and pre-PACCL profit of VND 1,416 billion, up 49% from 2025 actuals. NCB commits to use all profit to implement PACCL and to achieve early PACCL completion and sustainable development. [Images] NCB is entering a healthier, more sustainable development phase. The positive business results signal a bright outlook, showing that the bank has entered a new development phase, thanks to the correct, methodical path and the decisive, effective implementation of the new strategy in parallel with the comprehensive restructuring that the bank has pursued for nearly five years. It also provides a foundation for NCB to drive breakthroughs in 2026-2030, toward becoming a healthy, efficient, and sustainable development bank delivering excellent financial services and solutions in the market. [Image] Capital increase ahead of schedule, breakthroughs through leading digital solutions. In 2026, NCB aims to complete its capital increase to VND 29,280 billion, earlier than the PACCL schedule by three years. If completed, this would be the bank's fourth consecutive capital increase in five years (2022–2026). This demonstrates strong investor confidence in the bank's new development path. Leading the market in capital growth in the past five years also reflects trust from shareholders and investors in NCB's journey. In 2026, NCB will focus on individual customers in major urban areas, leveraging the ecosystem of strategic partners, leading construction and supply companies, key national projects, a network of units in tourism, and diversify funding from the interbank market and investment funds. [Image] NCB continues to push digital transformation and deliver best-in-class service to customers. Digital transformation is entering a crucial phase with breakthrough ideas redefining how NCB serves customers and increasing competitiveness in the digital economy. NCB plans to launch a Super App — a platform combining traditional banking services and digital wealth management, and a digital branch network. With this solution, NCB will become the first bank in Vietnam to offer an all-in-one platform that integrates all customer financial needs on a single platform. Additionally, aligned with its philosophy of growing with the community and the country, NCB is accelerating digital transformation across the national tourism sector in 2026. The bank has been developing pioneering solutions to turn payment experiences into a competitive advantage for Vietnam’s tourism and attract international visitors. As a strategic partner of the national tourism data platform Visit Vietnam, NCB is developing the iziPay payment integration on the platform, enabling tourists to book services and pay immediately at points of acceptance nationwide. Recently, NCB also pioneered QR payment solutions for international customers, allowing visitors to Vietnam to pay easily using their home country banking app or domestic e-wallet of their country. The solution has been deployed for markets: China (Alipay, UnionPay); Korea (GLN, Hana Financial Group, Naver Pay); Thailand; Laos; Cambodia and will continue expanding to Japan, Singapore… NCB says it will continue to expand two-way payments with partners in the near future, enabling NCB customers to use the NCB iziMobile app to scan QR payments in other countries, creating a modern and leading payment experience in the market. Kim Ngân