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Orient Commercial Bank (HOSE: OCB) reported Q1 2026 pre-tax profit of 1,224 billion VND, up 37% year-on-year, supported by sustainable loan growth, improved non-interest income and tighter cost control.
As of Q1 2026, OCB’s total assets reached 344,098 billion VND, up 6.5% from the year-start and up 19% from the same period last year. Market 1 deposits were 232,284 billion VND, up 5.1% year-to-date, indicating continued customer confidence.
Credit outstanding stood at 210,428 billion VND, up 2.6% from the year-start and up 14.1% year-on-year. Green credit grew 15% year-on-year. The bank noted that Q1 credit growth aligns with State Bank of Vietnam directives on credit policy for the quarter.
As of 31/3/2026, net interest income was 2,722 billion VND, up 19.8% year-on-year. Net interest income from interest income was 2,383 billion VND, up 10.1% year-on-year, driven by continued loan growth.
Non-interest income improved, supported by digitization that increased customer usage of products and services. Foreign exchange trading activity also recovered strongly, aided by macroeconomic policy guidance, monetary policy and the SBV’s exchange rate management, enabling OCB to tailor FX business plans. The bank said expanding services and comprehensive financial solutions helps diversify revenue beyond lending and improves resilience across economic cycles.
Operating costs rose only modestly year-on-year but fell 10% versus the previous quarter, improving the cost-to-income ratio (CIR). OCB attributed the improvement to operational optimization, technology adoption and internal restructuring.
For 2026, OCB expects pre-tax profit of 6,960 billion VND, up 39% from 2025. The bank also targets total assets to rise 10% from end-2025, with total deposits and total loans on Market 1 increasing 14% and 15%, respectively.
CEO Pham Hong Hai said lending remains an important growth driver, with emphasis on SME and FDI segments, while Retail has shown positive signals, particularly among middle- and high-income customers. He added that OCB plans to build the basis for new investment and wealth management product bundles.
“OCB always adheres to a growth strategy with controlled expansion focusing on quality. Therefore, the bank will proactively expand into high-potential areas such as agriculture, services and technology because these are sectors with strong growth prospects in 2026,” said Mr. Pham Hong Hai.
OCB expects services revenue to be a pillar of sustainable growth in 2026 and subsequent years. With credit growth subject to limits, the bank plans to expand non-credit solutions including payment services, cards, financial advisory, bond issuance advisory and cash flow management.
The bank also aims to optimize costs through technology, improve operating efficiency and enhance customer experience.
OCB said risk management and asset quality improvements remain a priority. At the shareholders’ meeting, the bank stated it will continue focusing on debt management and resolution in 2026. In 2025, debt collection and resolution transactions nearly doubled year-on-year, which the bank said provides a foundation to control bad debt, reduce provisioning pressure and improve profitability.
OCB also reported stricter risk governance measures, helping keep the bad debt ratio under control while improving asset quality.
The bank said it previously strengthened efficiency after 2011–2013 to become a mid-range bank. From 2022–2024, business stagnated due to changes in monetary policy, affecting operations. OCB said it identified the issue and implemented adjustments.
Moving into 2024–2025, OCB carried out a strong restructuring of its product portfolio, customer base and credit operations. The bank said it has essentially completed restructuring solutions, particularly in bad debt handling, creating a foundation for higher growth in 2026. It noted that bad debts largely reside in Retail with collateral, while the corporate segment maintains good credit quality.
With a strengthened financial base, a clear growth strategy and new drivers from services, technology and customer segments, OCB expects to sustain positive growth in 2026 and in the 2026–2030 period.
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