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VietinBank’s Q1 2026 consolidated results show pretax profit of more than VND 11,139 billion, up 63% year-on-year, as most business lines posted growth. At the end of Q1, the bank’s gross non-performing loans fell 6% from the start of the year, while asset quality improved and the NPL ratio declined.
In Q1, VietinBank reported net interest income rising 25% to VND 19,385 billion. Service income increased 15% to VND 1,847 billion. Other non-interest income also grew strongly, including gains from foreign exchange trading (+19%), gains from investments in securities (up 4x), and gains from other activities (+13%).
Operating expenses rose 13% to VND 6,261 billion. As a result, net profit from operating activities increased 26% to VND 18,840 billion.
During the quarter, VietinBank reduced credit risk provisions by 5%, with provisions totaling VND 7,700 billion. With this, pretax profit rose 63% year-on-year to over VND 11,139 billion.
As of the end of Q1, total assets expanded 6% from the start of the year to more than VND 2.9 quadrillion. Loans to customers and customer deposits both increased 2% to over VND 2,000 trillion and over VND 1,800 trillion, respectively.
Asset quality improved: gross NPLs as of 31/03/2026 decreased 6% from year-start to VND 20,598 billion. Impaired loans declined by 40%. The NPL ratio fell from 1.1% at year-start to 1.02%.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
