Techcombank posts record Q1 2026 pre-tax profit; update as of April 21, 2026

Eight banks had announced their Q1 2026 earnings results as of the evening of April 21. Techcombank Techcombank's Q1 2026 pre-tax profit reached VND 8,869 billion, up 22.5% year on year and the highest level ever recorded for Q1. This makes Techcombank the private bank with the highest profit. Net interest income (NII) was VND 9.5 trillion, up 14.6% YoY. Despite rising funding costs and intensified competition for deposits, the net interest margin (NIM) in the quarter fell to 3.1%, but the 12‑month NIM remained steady at 3.7%. Net fee income (NFI) surged to a historical high of VND 3.6 trillion. Operating expenses reached VND 3.87 trillion, up 17.8% YoY but down 19.8% QoQ. Cost-to-income ratio (CIR) improved to 28.3%. Loan loss provisions were VND 935.3 billion, down 14.2% YoY. Total assets approached VND 1.19 quadrillion. Within the credit growth cap approved by the State Bank, Techcombank rebalanced its portfolio by reducing real estate exposure to below 30% (to 28.9%). Asset quality stayed solid with gross non-performing loan ratio at 1.16% and loan loss coverage at 129.3%. MB At MB’s annual general meeting on April 18, management highlighted Q1 2026 results: MB’s quarterly credit grew 3.3% to VND 1.146 quadrillion. Deposits rose 0.73% to VND 1.07 quadrillion. The combined revenue of the bank and its subsidiaries reached VND 22,822 billion, up 21.5% YoY. Consolidated pre-tax profit reached VND 9,500 billion, up 13.3% YoY; MB Bank’s standalone profit was VND 8,866 billion, up 15.3%. The customer base expanded by 1.2 million in the quarter to 36.2 million customers. ACB At the ordinary shareholders’ meeting, ACB’s Q1 2026 pre-tax profit was VND 5,400 billion, up 56% sequentially and up 17% YoY. The prior quarter’s higher provisioning weighed on profits, but the YoY gain remains reasonable. Credit grew about 3.2% and deposits rose about 1%. Overall, the bank has completed 24% of its full-year profit plan. Nam A Bank Nam A Bank posted Q1 2026 pre-tax profit above VND 1,620 billion, up 32.5% YoY. ROE reached 21.5%, up sharply from 19.3% in the same period last year, and ROA rose to about 1.3%. The profit growth was driven by diversification of income sources beyond traditional lending and improved efficiency. Service income reached VND 147 billion (up 16%), trade finance income was VND 90 billion (up 4.6x). As of 31/03/2026, total assets were near VND 410,000 billion, up 56% YoY; deposits from economic entities, individuals and securities issuance exceeded VND 217,000 billion, up over 7.2% YoY; lending stood at over VND 201,000 billion, up 13.1% YoY. VPBank VPBank reported consolidated credit of VND 1.06 quadrillion, up 10.2% from end-2025, while parent credit stood at VND 941 trillion, up 10.7%. Total consolidated assets rose 9% to over VND 1.37 quadrillion. Deposits and certificates of deposit totaled about VND 822 trillion, up 11.8% YoY, led by the parent bank. The loan-to-deposit ratio (LDR) was 82.7%, with short‑term funding for medium- and long-term lending at 28.3%, in line with the State Bank’s rules. Total operating income (TOI) reached over VND 19.9 trillion, up 26.3% YoY; the parent bank contributed VND 15.162 trillion, up 33.8%. After three months, consolidated pre-tax profit was over VND 7.9 trillion, up 58% YoY and close to 20% of the annual target. The parent bank posted VND 7.383 trillion, up 49.4%. LPBank LPBank’s Q1 2026 pre-tax profit was VND 2,826 billion, down 11% YoY. As of 31/03/2026, customer loans stood at VND 403,026 billion, up 2.9% QoQ and 14.4% YoY. On the funding side, Market 1 deposits were VND 409,657 billion, up modestly versus end-2025 and up 17.9% YoY. Total operating income for Q1 2026 was VND 5,154 billion, up 10% YoY, with net interest income at VND 3,878 billion, up 18%. Notably, LPBank significantly increased provisioning in Q1 to VND 774 billion, almost 3.9x YoY, reflecting a cautious risk-management stance to bolster asset quality and resilience amid changing business conditions. PGBank As of 31/3/2026, PGBank total assets were VND 86,711 billion; Market 1 deposits stood at VND 47,035 billion. Net interest income was VND 609 billion, up 20.4% YoY. Pre-tax profit reached VND 275.7 billion, up nearly 3x from Q1 2025, approaching 20% of the 2026 annual plan. VietABank In the first three months of the year, VietABank reported net interest income of about VND 676 billion, up around 10% YoY. Pre-tax profit surpassed VND 508 billion, up 44% YoY. Lan Anh Market Pulse