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Prosperity and Development Bank (PGBank) held its 2026 Annual General Meeting of shareholders in Hanoi on April 21, presenting its 2026 business plan and key strategic priorities for growth, risk management and digital transformation.
PGBank set a 2026 target pre-tax profit of 1,438 billion VND, up 97.9% compared with 2025. The bank plans to grow total assets to 117,419 billion VND, up 32.2% year-on-year.
On balance-sheet items, customer lending is expected to reach 61,770 billion VND, up 31%, while deposits are projected at 103,593 billion VND, up 27.7%.
The bank’s strategy focuses on expanding credit to production and business sectors, individuals and SMEs, alongside accelerating digital transformation. PGBank also plans to upgrade its technology infrastructure and develop products and services to improve operational efficiency and customer experience in 2026.
In 2025, PGBank reported pre-tax profit of 727 billion VND, which did not meet its plan. The shortfall was attributed mainly to lower-than-expected net interest income and delays in debt collection from some loans sold to VAMC, which affected overall results.
For 2026, PGBank said it will raise capital and further increase total assets while continuing to strengthen risk controls. The bank also announced plans to increase charter capital to 10,000 billion VND, including issuing additional shares to existing shareholders and paying dividends in stock to reach the target.
The bank stated that proceeds would be prioritized for lending, investment and strengthening financial capacity to meet stricter capital requirements.
Continuing its plan to acquire a securities company, the board proposed consolidating control through contributing capital, purchasing shares, or establishing/acquiring a securities firm as a subsidiary. The aim is to obtain a licensed securities operation covering underwriting, brokerage, investment advisory and proprietary trading.
Highlights from the meeting’s Q&A included the 2025 results, the 2026 credit growth target (around 31%), Q1/2026 momentum, risk management, and the technology strategy. The bank also addressed the rationale for delaying the 2025 capital increase while pursuing a 2026 plan to bolster its capital base and scale digital operations.
PGBank indicated that it will focus on improving asset quality and implementing proactive risk management. It plans to invest in core banking upgrades, expand digital platforms, and build an ecosystem through partnerships with fintechs and digital platforms to support sustainable growth.
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