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VietABank Joint Stock Commercial Bank (VietABank, ticker: VAB) has released its consolidated financial statements for Q1 2026, reporting pretax profit of over VND 508 billion, up 44% year-on-year. The bank attributed the increase to improvements in core earnings and non-interest income, while maintaining cost control and credit risk management.
In the first quarter, VietABank’s net interest income reached nearly VND 676 billion, up about 10% year-on-year, supported by continued credit growth amid market changes.
A key driver of the quarter was the services segment. Net service income rose more than 64% year-on-year, marking the standout growth in several recent quarters. As a result, the share of service fees in total net income improved to 8.4%, reflecting a shift in income structure and the bank’s strategy to expand non-interest income, particularly through payments, digital banking, and strategic partnerships.
VietABank highlighted that credit risk provisioning expenses remained low and declined significantly compared with the same period, indicating strong asset quality control.
In line with the deposit-rate cycle moderating under State Bank guidance, VietABank said it complied with and adjusted deposit rates from 10 April 2026. The bank also continued policies to develop non-term deposits (CASA) to reduce funding costs and support net interest margin (NIM).
Beyond financial results, VietABank reported efforts to expand its customer base of small business owners. By the end of March 2026, the bank launched a Business Account in cooperation with VNPAY and the ezSHOP digital platform, offering an integrated solution covering sales management, electronic invoicing, revenue tracking, and tax declaration support on a single system.
Looking ahead to Q2 2026, VietABank noted that demand from small enterprises and small businesses is expected to rise as new regulations on electronic invoicing and tax declaration under Decree 68 and 70/2025/ND-CP take effect. The bank said it will continue a 90-day campaign to attract small business owners nationwide, offering free full-service packages and additional gifts to help customers adapt quickly and operate more efficiently.
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