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Bank Q1 2026 earnings updates as of April 28 show mixed performance across Vietnam’s major lenders, with several banks reporting higher pre-tax profits alongside varying trends in asset growth, credit expansion, deposits, and asset quality.
VietinBank’s consolidated profit before tax reached 11.139 trillion VND in Q1 2026, up 63% year over year. Total assets rose 5.7% from the start of the year to more than 2.92 quadrillion VND.
Lending to customers increased 1.8% to surpass 2 quadrillion VND, while customer deposits rose 1.7% to 1.82 quadrillion VND. The non-performing loan (NPL) ratio improved from 1.1% to 1.02%.
Provisions for potential losses decreased from 19.846 trillion VND to 11.913 trillion VND.
MB reported consolidated pre-tax profit of 9.628 trillion VND. Total assets declined slightly in the first three months to 1.611 quadrillion VND from 1.615 quadrillion VND.
Customer lending reached 1.12 quadrillion VND, up 3.4% year over year. Customer deposits fell 1.7% to 905.9 trillion VND.
BIDV’s total assets at end-March 2026 stood at 3.388 quadrillion VND, up 1.7% year to date. Customer loans rose 2.4% to nearly 2.43 quadrillion VND.
Customer deposits fell 3.7% to over 2.14 quadrillion VND. NPLs increased 22% to 42.644 trillion VND, and the NPL ratio rose from 1.47% to 1.76%.
Techcombank reported Q1 2026 pre-tax profit of 8.869 trillion VND, up 22.5% year over year and the highest quarterly level on record. Net interest income reached 9.5 trillion VND, up 14.6% year over year.
Despite higher funding costs and intensified deposit competition, net interest margin (NIM) compressed to 3.1% in the quarter, while the trailing 12-month NIM remained at 3.7%. Non-interest income surged to a record 3.6 trillion VND.
Operating expenses were 3.877 trillion VND, up 17.8% year over year but down 19.8% quarter over quarter. The cost-to-income ratio improved to 28.3%. Provisions totaled 935.3 billion VND, down 14.2% year over year.
Total assets reached 1.19 quadrillion VND. Within State Bank of Vietnam (SBV) permitted credit expansion, Techcombank adjusted its portfolio by reducing real estate exposure to below 30% (28.9%).
Asset quality: NPL ratio 1.16%, loan loss coverage 129.3%.
VPBank reported consolidated credit of 1.06 quadrillion VND, up 10.2% year over year; credit at the parent bank reached 941 trillion VND, up 10.7%. Total consolidated deposits and instruments approached 822 trillion VND, up 11.8% from the end of 2025, with the parent bank contributing the majority.
The loan-to-deposit ratio (LDR) stood at 82.7%, and the short-term funding ratio to medium- and long-term lending was 28.3%, in line with SBV rules.
Total operating income exceeded 19.9 trillion VND, up 26.3% year over year; the parent bank contributed 15.162 trillion VND, up 33.8%. After three months, consolidated pre-tax profit reached over 7.9 trillion VND, up 58% year over year and about 20% of the annual plan. The parent bank recorded profit of 7.383 trillion VND, up 49.4%.
At SHB’s AGM on April 22, the bank reported total assets of 930.9 trillion VND, up about 4.4% year over year. Customer deposits rose to 672 trillion VND, up 4.5%, while lending increased to 632.8 trillion VND, up 2.15% year over year.
Pre-tax profit was 4.66 trillion VND, up 7%. Capital adequacy ratio (CAR) was 12.6%. The LDR was 77%, comfortably below the 85% regulatory limit, and the liquidity reserve was 17%, above the minimum 10%.
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