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Sacombank’s Q1 2026 consolidated results showed improved cost control and a shift in the revenue mix, alongside continued emphasis on credit-loss provisioning. Net interest income fell 12% year-on-year to 6,042 billion dong.
On the non-interest side, services income increased 3% year-on-year to 750 billion dong, while foreign exchange trading rose 10% to 339 billion dong. Gains from investment securities trading more than reversed from the prior year, exceeding 75 billion dong compared with 1 billion dong in the year-ago period. Income from other activities also turned from a loss into a near 324 billion dong profit.
Sacombank reduced operating expenses by 13% to 3,408 billion dong. As a result, net income from operating activities increased 7% year-on-year to 4,130 billion dong.
The bank recorded credit-loss provisions totaling nearly 2,024 billion dong. This increased provisioning lifted pretax profit to over 2.106 trillion dong, but that figure was down 43% year-on-year. Sacombank also achieved 26% of its annual pretax profit target of 8.100 trillion dong in Q1.
Total assets reached 859,572 billion dong. Lending to customers stood at 626,959 billion dong, broadly in line with year-start levels, while deposit funding was 600,788 billion dong.
Asset quality indicators weakened modestly: total non-performing loans as of 31/03/2026 rose 3% to 41,498 billion dong. The NPL ratio increased to 6.62% from 6.41% at year-start. With strengthened provisioning, Sacombank said it maintains a safety cushion to address asset-quality issues as it moves forward.
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…
