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On the afternoon of April 22, 2026, Vietnam Prosperity Joint Stock Commercial Bank (VPBank – ticker: VPB) held its 2026 Annual General Meeting. According to the credential verification report, at the time of finalizing the list of shareholders entitled to attend the meeting, VPBank had nearly 7.94 billion voting shares. At the meeting’s opening, 453 delegates were present, representing more than 5 billion voting shares, accounting for 63.9% of the bank’s total voting shares, sufficient to proceed.
Representing the management, CEO Nguyen Duc Vinh reported VPBank’s 2025 business results. In 2025, VPBank recorded several indicators that met and exceeded its plan.
Consolidated pre-tax profit reached over 30.6 trillion VND, up 53% year-on-year and equivalent to 121% of the planned target. Consolidated assets rose to VND 1.26 quadrillion, up 36.4% from the beginning of the year and reaching 111% of the plan, making VPBank the private bank with the largest total assets in the system.
Consolidated credit outstanding at year-end 2025 reached over VND 961 trillion. The bank’s standalone credit stood at about VND 850 trillion, up 35%—described as the highest growth rate in many years.
Leadership also highlighted areas for improvement, noting that while VPBank has a funding advantage, it does not yet have the highest CASA ratio; funding costs remain high; and retail growth has not delivered a breakthrough as strong as the corporate segment (38–40% versus 25% for retail), even though retail still grows faster than the industry average.
Based on 2025 results, VPBank proposed distributing 2025 profits through both cash and stock dividends. A cash dividend of 5% is planned, totaling around 3.966 trillion VND, expected to be paid in Q2–Q3 2026. In addition, the bank will issue shares from retained earnings with a 26.04% ratio to raise charter capital to VND 100,000 billion.
For 2026, VPBank targets total consolidated assets of about VND 1.63 quadrillion, up 29% from 2025. Deposits and marketable securities are expected to rise 40% to exceed VND 1 quadrillion. Consolidated credit is targeted to increase 34% to over VND 1.29 quadrillion. The standalone non-performing loan (NPL) ratio is to be kept below 2.5%.
The target pre-tax consolidated profit for 2026 is about VND 41.323 trillion, up 35%. The standalone bank target is VND 34.24 trillion, up 30%; FE Credit is VND 1.179 trillion, up 93%; VPBankS is VND 6.453 trillion, up 44%; and OPES insurance is VND 936 billion, up 47%.
VPBank’s 2026 capital increase will be implemented in two phases. First, more than 26% of equity will be issued to raise charter capital to VND 100,000 billion. Second, more than 624 million shares will be issued to a foreign investor in Q3–Q4 2026 to lift charter capital to over VND 106,200 billion. All funds raised will be used to finance lending activities. The investor could be a current VPBank strategic partner or a foreign institution meeting financial capacity and eligibility requirements.
Closing the management’s report, Mr. Nguyen Duc Vinh said 2026 marks the start of a new cycle—a very important five-year period for VPBank. Based on the strategic plan, VPBank aims to be the leading bank in Vietnam, a robust and powerful financial institution contributing to sustainable national development.
There are 18 resolutions for shareholders to approve, including: the management’s 2025 results; the 2026 business plan; 2025 profit distribution (cash and stock); the 2026 capital plan (two phases); establishment of a life insurance company; approvals for several business activities; and charter amendments to comply with new regulations.
During the Q&A, a shareholder asked about interest rates, funding, NPLs, and NIM this year. The CEO said liquidity was relatively tight in Q1, leading to higher deposit rates across most banks. He expected rates to remain high for a while and then ease toward the end of Q2 or early Q3, citing the central bank governor’s commitment to controlling rates. He also noted that VPBank’s lending rates remain high due to strong demand, and he expected rates to ease as the bank adjusts its model and structure.
On NPLs, VPBank’s NPL ratio was 2.03% last year. The CEO said there is some uptick in NPLs, but it is within control and concentrated in segments such as retail and SME lending as the bank expands in micro-SME and household lending. The stated goal is to keep NPL below 2.5% for the year.
Regarding the sale price, the chairman said more than 624 million shares would be sold to a foreign investor this year, but the price could not be announced yet because negotiations are ongoing, while foreign investor interest exists.
On why the stock price had not yet surged despite strong results, the chairman said prices are market-driven and are expected to reflect gains over time.
The meeting concluded with all resolutions approved by a high level of consensus.
Source: Nhịp sống thị trường
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