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Vietnam Prosperity Joint Stock Commercial Bank (VPBank; HOSE: VPB) kicked off the first quarter of 2026 with strong operating and balance-sheet performance, reporting consolidated credit outstanding of 1.06 quadrillion dong and a 58% year-on-year increase in profit. The bank said it remains on track with its full-year plan.
VPBank reported consolidated credit outstanding of 1.06 quadrillion dong in Q1 2026, up 10.2% from end-2025. Credit at the parent bank reached 941 trillion dong, up 10.7%.
The bank’s corporate client segment continued to support growth, with SME and personal client credit rising 8.4% and 7% respectively from the start of the year, supported by mortgage and unsecured lending products.
Driven by credit expansion, VPBank’s total consolidated assets increased 9% to more than 1.37 quadrillion dong. The bank said it maintains a leading position among private commercial banks without state capital.
To support higher growth and liquidity, VPBank expanded multi-channel deposits. Consolidated customer deposits and negotiable instruments reached nearly 822 trillion dong, up 11.8% from end-2025, with the parent bank contributing the majority.
VPBank also diversified funding sources and expanded cash-management solutions for corporate clients. The Lộc Thịnh Vượng fixed-term product launched in 2025 continued to perform strongly, reaching more than 43 trillion dong, up 63% versus end of last year.
In addition, the bank diversified funding through long-term borrowings from international financial institutions and is pursuing a syndicated loan coordinated with SMBC. VPBank also said the receipt of GPBank’s mandatory transfer enabled it to cut the required reserve ratio by 50% and gain about 9,000 billion dong in additional funds.
VPBank reported robust safety indicators, with a consolidated capital adequacy ratio (CAR) around 14%, among the leaders. The loan-to-deposit ratio (LDR) stood at 82.7%, while the short-term lending ratio to medium- and long-term lending was 28.3%, compliant with State Bank of Vietnam regulations.
Through integrated risk management and debt resolution, VPBank said asset quality remained under control, with the standalone NPL ratio staying below the 2.5% target.
Profit in Q1 rose 58% year-on-year. Total operating income (TOI) reached more than 19,900 billion dong, up 26.3% year-on-year; the parent bank contributed 15,162 billion dong, up 33.8%.
Subsidiaries also contributed positively. VPBankS reported pre-tax profit of nearly 515 billion dong, supported by growth in core activities such as margin lending and brokerage, as well as client numbers. OPES posted pre-tax profit of 261 billion dong, nearly triple year-ago levels. FE CREDIT continued its recovery trend and reported profits in Q1.
GPBank posted over 400 billion dong in profit in Q1, close to the full-year 2025 result, signaling improvement after a year of full-scale restructuring with VPBank’s support.
For 2026, VPBank said it aims for high-scale growth and will present at its 2026 annual general meeting plans to increase credit by 35% and deposits by 40%, among the highest in the sector. The bank expects profit to grow 35%, to 41.323 trillion dong.
To strengthen financial capacity, governance, and scale, VPBank plans to raise capital through a 26.04% equity-based issue and a private placement of 5% to a foreign investor. If approved and implemented, charter capital would rise from 79.339 trillion dong to 106.243 trillion dong, reaffirming VPBank as the bank with the highest charter capital in the system.
VPBank continues to expand its ecosystem to meet diverse customer needs and welcomed a new member, CAEX (Vietnam Prosperity Asset Exchange). With domestic and international shareholders’ support, CAEX plans to raise its charter capital to 10,000 billion dong to meet the minimum capital requirements to participate in the pilot for a digital assets market.
VPBank also said it will maintain its cash dividend policy for the fourth consecutive year, distributing nearly 4,000 billion dong, reflecting its financial capacity and long-term engagement with investors.
VPBank noted that the business environment may face ongoing challenges and uncertainties, including geopolitical tensions, supply-chain disruptions, and inflation risk. The bank said its solid financial base, continued ecosystem synergies, and agile management will help it advance toward its 2026 growth targets.
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