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SHB, Saigon-Hanoi Bank, announced its Q1 2026 results with positive growth across multiple indicators. Pre-tax profit reached VND 4.656 billion, up about 7% year over year and representing 26% of the full-year plan. Net interest income totaled VND 7,471 billion, up 23.5% YoY. Net interest income from services stood at VND 1,288 billion, up 291%, becoming a bright spot in the quarter's income mix. As of March 31, 2026, SHB's consolidated total assets were VND 930,983 billion, up 4.4% from end-2025. Market I deposits stood at VND 675,520 billion, up 4.7%; outstanding credit to customers rose 2.22% to VND 619,549 billion. This indicates SHB continues to expand its scale while maintaining liquidity and aligning with the State Bank of Vietnam's quarterly credit growth framework. Continuing to strengthen the financial platform, the capital adequacy ratio (CAR) stood at 12.39% as of 31/03/2026. Asset quality indicators show the ratio of non-performing loan (NPL) coverage continued to improve versus end-2025, reflecting an enhanced reserve buffer and risk-absorption capacity. At SHB's general meeting, the board approved key items including the 2026 business plan, capital-raise plan, and dividend policy. The Q1 2026 results underpin a foundation for this year's plan; SHB outlined two scenarios for 2026 based on the approved credit growth limit, signaling proactive, disciplined growth with safety in mind. In the more favorable scenario, the bank targets pre-tax profit of VND 19.165 billion, up 28%; while maintaining the NPL ratio below 2%, raising charter capital to VND 58.786 billion, and expecting a 2026 dividend payout at 18%. Looking ahead, SHB aims to be a national leader in digital banking, with a strategy built on four pillars: customer-centricity, policy and process reform, people at the center, and modernization of IT and digital transformation, underpinned by six core values: Heart, Trust, Faith, Wisdom, Insight, and Vision. SHB’s visions for 2030 and 2035 emphasize becoming the most efficient digital bank, the most loved digital bank, the leading retail bank, and a top provider of funds, financial products, and services for strategic corporate clients within a supply-chain ecosystem, SMEs, individuals, and green development; by 2035, SHB aims to be a modern, digital, green bank among regional leaders.
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