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VietBank reported consolidated first-quarter 2026 results showing core operating stability while the bank strengthened its risk provisioning. In Q1 2026, VietBank posted pretax profit of about 167 billion dong, after prioritizing resources to upgrade its operating system and bolster its risk buffer.
In the first quarter, VietBank’s core business remained positive. Net interest income rose 9% year-on-year to over 768 billion dong, supporting total revenue as non-interest income from services, foreign exchange, and investment securities was adjusted modestly to reflect changes in the revenue mix under current market conditions.
Operating expenses increased 12% to 445 billion dong, largely tied to scale expansion and investments to enhance system capacity. As a result, pre-provision operating profit stayed roughly in line with the year-ago period at about 362 billion dong.
The most notable feature in the quarter was VietBank’s decision to strengthen its defensive capacity. The bank raised credit risk provisions by 65% to nearly 195 billion dong, reflecting a cautious approach to risk management and closer scrutiny of credit quality to build a robust financial buffer in line with current regulations.
With the majority of net income allocated to provisioning and expansion investments weighing on the bottom line, VietBank’s Q1 2026 pretax profit was about 167 billion dong, roughly 8% of its annual target of 2,100 billion dong.
By scale, VietBank’s total assets as of end-Q1 reached 190.2 trillion dong. Customer loans continued to grow by about 4% to 109.7 trillion dong.
On the funding side, customer deposits declined 5% to 96.5 trillion dong, reflecting liquidity management and optimization of funding costs.
As of 31 March 2026, the non-performing loan (NPL) ratio rose from 2.92% at the start of the year to 3.37%, in line with macro conditions. The bank said asset quality remained under control, supported by elevated loan loss reserves.
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