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PGBank reported positive Q1 2026 results. Net interest income from operating activities reached VND 609 billion, up 20.4% year-on-year compared with Q1 2025. Pretax profit reached VND 275.7 billion, up sharply from VND 96 billion in Q1 2025 (nearly threefold), and nearly 20% of the full-year plan for 2026. As of March 31, 2026, total assets stood at VND 86,711 billion. Core funding (market 1 deposits) reached VND 47,035 billion. The bank's income mix continued to shift toward non-interest income, reaching VND 118.4 billion, up 59.7% year-on-year. In addition, income from provisioning recoveries rose strongly thanks to the recovery of certain non-performing loans. Meanwhile, net interest income rose modestly by 1.9% year-on-year to VND 424 billion, in line with a prudent credit-growth strategy. PGBank maintained safety indicators in line with the State Bank of Vietnam, with a non-performing loan ratio of 2.44%.
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…
