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Saigon-Hanoi Bank (SHB) reported positive growth in its Q1 2026 business results, with pretax profit reaching VND 4.656 trillion, up about 7% year-on-year and equivalent to 26% of its annual plan.
Net revenue from operations rose to VND 7.471 trillion, up 23.5% year-on-year. Net income from service activities reached VND 1.288 trillion, up 291% year-on-year, becoming a standout contributor to the quarter’s revenue structure.
SHB said the results reflect a continued positive growth trajectory from the start of the year, with services emerging as a brighter segment. The bank attributed the strong service-income growth to effective customer acquisition and the expansion of its product ecosystem, supporting greater diversification and sustainability in its growth model.
As of March 31, 2026, SHB’s consolidated total assets were VND 930,983 billion, up 4.4% from end-2025. Total customer deposits reached VND 675,520 billion, up 4.7%, while lending to customers stood at VND 619,549 billion, up 2.22% from end-2025.
SHB said the figures indicate continued scale expansion on a liquidity-stable platform while aligning with the State Bank of Vietnam’s credit growth guidance for Q1 2026.
SHB maintained safety indicators at positive levels. As of March 31, 2026, its CAR was 12.39%. The bank also reported that the non-performing loan (NPL) coverage ratio increased versus end-2025, indicating proactive provisioning and stronger risk absorption capacity.
In a market environment where asset quality differentiates banks, SHB said higher NPL coverage is a positive signal that reinforces confidence among shareholders, partners, and investors.
SHB said the Q1 2026 results provide a foundation for implementing its 2026 business plan. At its AGM, the bank outlined two scenarios for 2026 in line with the approved credit growth cap, reflecting an actively managed but prudent growth approach focused on safety.
In the more favorable scenario, SHB targets pretax profit of VND 19,165 billion, up 28%. The bank also aims to keep the NPL ratio below 2%, raise registered capital to VND 58,786 billion, and expects a 2026 dividend of 18%.
SHB emphasized that it is not pursuing growth at any cost, and is instead building a stronger capital base to support growth with higher safety and improved asset quality. The bank is also in the process of increasing its charter capital to strengthen its financial capacity and meet international standards.
SHB introduced a new brand identity as part of a strategic transformation toward a modern, digital bank. The vision includes becoming the leading bank in efficiency by 2030, developing a digitally enabled, customer-centric lending model, and becoming a top provider of funding and financial services for strategic corporate clients, SMEs, individuals, and green finance ecosystems, with a long-term goal of regional leadership by 2035.
The transformation is built on four pillars: customer and market focus; reform of policies, regulations, and processes; people as the core; and modern IT and digital transformation. SHB said the effort is underpinned by six core values: Heart, Trust, Faith, Insight, Wisdom, and Vision.
SHB said its Q1 2026 results demonstrate adherence to its strategic path, including selective growth, improved income quality, strengthened capital buffers, safer financial foundations, and expanded development space for the next phase. The bank reiterated its position as a financially robust institution with prudent governance and a long-term sustainable development horizon.
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