TPBank targets 10.3 trillion dong profit in 2026, 12% growth, and plans to establish a subsidiary bank at VIFC

TPBank, the Joint Stock Commercial Bank for Industry and Trade of Vietnam (TPBank, ticker: TPB), has released its document for the 2026 Annual General Meeting of Shareholders, scheduled for April 24 in Hanoi. The bank targets profit of more than 10,000 billion dong (10.3 trillion dong), up 12% year-on-year.

Selective credit growth and tighter risk control

In line with the State Bank of Vietnam’s (SBV) 2026 operating direction, TPBank said credit growth will continue to be tightly controlled, with a focus on low-risk sectors and a continued limitation on lending to real estate. The bank described this as a shift from a fast-growth model toward a more selective growth approach.

TPBank said the approach is intended to help minimize cyclical risks while supporting more sustainable growth over the medium and long term, as the SBV maintains goals for economic growth alongside macro stability.

Profit growth driven by a broader financial ecosystem

TPBank emphasized that the key feature of its 2026 plan is not only the growth rate, but the structure used to generate growth. The bank is refining its financial-ecosystem model, with contributions from subsidiaries including funds, securities, and asset management.

The bank said the synergy across these components is expected to broaden its customer base across segments, increase non-interest income, optimize the customer lifecycle, and improve utilization efficiency. TPBank also noted that this “dual engine” approach is designed to reduce reliance on lending, particularly given capital constraints from policy in the current period.

In addition, TPBank is studying a plan to establish a member bank with charter capital of about 3,000 billion dong within the International Financial Center (VIFC) in Ho Chi Minh City. TPBank said the direction is expected to allow it to leverage the center’s special regime to test new financial models and expand activities in international finance, fintech, and cross-border services, creating additional long-term growth capacity.

Key 2026 targets and asset-quality buffer

Alongside the profit target, TPBank set plans for total assets of 600,000 billion dong (+19%), deposits up 16%, and lending up 15%. The bank also set a non-performing loan (NPL) ratio target of below 2.5%, aligned with the industry average in 2026.

TPBank said the NPL target reflects a decision to maintain a prudent risk buffer while continuing to pursue controlled growth in a volatile market.

Policy support and operational efficiency

TPBank cited expectations for a more stable macro environment and a flexible SBV policy stance as key pillars supporting its 2026 plan. The bank said that when monetary and credit policies are adjusted reasonably, the system’s overall growth headroom—and TPBank’s in particular—should improve.

TPBank also framed its 10.3 trillion dong profit target as reflecting a shift in growth thinking, from cycle-dependent growth to strengthening internal capacity. The bank said this momentum is supported by cost optimization, accelerated technology adoption, boosting AI, and improving operating efficiency.

Next steps at the AGM

TPBank said the directions are expected to be clarified further at the upcoming Annual General Meeting of Shareholders, where it will present the 2026 plan and announce decisions aimed at accelerating its development strategy for 2023–2028.