VIB: Q1/2026 profit exceeds VND 2,800 billion, up 16% year-on-year; officially launches Privilege Banking

Vietnam International Bank (VIB) announced its Q1/2026 business results with pre-tax profit exceeding VND 2,800 billion, up 16% compared to the same period last year. Credit growth reached over 1% and customer deposit increased 7% from the beginning of the year, reflecting a selective growth orientation focused on asset quality and operational efficiency from the start of the year.

VIB's 2026 Annual General Meeting of Shareholders (AGM) approved a profit distribution plan with a total dividend ratio of nearly 19%, comprising a 9% cash dividend and a 9.5% stock dividend, continuing to maintain an attractive and consistent dividend policy that balances growth with shareholder benefits.

Stable and selective asset and lending growth, funding base continues to improve

In Q1/2026, VIB's total assets reached over VND 564 trillion, up 1% from the beginning of the year; outstanding credit grew by over 1%, focused on quality segments to ensure profitability, in line with the selective growth orientation. The lending structure continued to maintain a retail orientation with a ratio of nearly 70%, with products designed to be flexible, competitive, and tailored to each customer segment. On the corporate banking side, outstanding loans grew 8% year-on-year, while the Bank continued to strengthen comprehensive financial solutions (lending, mobilization, transaction banking) in a standardized and digitalized manner, alongside proactive risk management with an early warning system and sector-based monitoring.

On the funding side, customer deposit balances grew 7% from the beginning of the year, with deposits from individual customers continuing to account for more than 62% of the funding structure. Current account and savings account (CASA) balances grew 5% from the beginning of the year, contributing to funding cost optimization, reinforcing net interest margin, and creating room for competitive lending interest rate policies to serve customers

Safety indicators maintained at optimal levels, asset quality tightly controlled, compliance with international risk management standards

Asset quality continued to be tightly managed, with the non-performing loan (NPL) ratio at 2.13% at end of Q1/2026, maintained within the control threshold amid a still-volatile market environment. The Bank proactively implemented comprehensive credit risk management solutions, strengthened portfolio monitoring, accelerated debt recovery, and worked closely with customers to ensure continued improvement in asset quality in subsequent quarters.
Liquidity risk management and capital safety indicators were all maintained at safe and optimal levels. Specifically, the Capital Adequacy Ratio (CAR) under Basel III Standardized Approach (SA) exceeded 12% (regulatory requirement: above 8%), significantly higher than the minimum requirement of the State Bank of Vietnam, providing a solid buffer for growth plans in the remaining quarters of the year. The Loan-to-Deposit Ratio (LDR) stood at 78% (regulatory requirement: below 85%), the ratio of short-term funds used for medium and long-term lending was 25% (regulatory requirement: below 30%), and the Net Stable Funding Ratio (NSFR) reached 105% (Basel III standard: above 100%).

VIB continues to be one of the pioneer banks in Vietnam to implement and comply with Basel III under the Standardized Approach in accordance with Circular 14/2025/TT-NHNN (Circular 14), while progressively applying advanced Basel III components, thereby affirming a risk management foundation approaching international standards.

The CAR ratio is calculated in accordance with Circular 14 from December 31, 2025.

Business operations maintained efficiently and sustainably, pre-tax profit up 16% year-on-year

VIB's Q1/2026 pre-tax profit exceeded VND 2,800 billion, up 16% compared to Q1/2025. Profit growth was driven by optimizing operational efficiency, tightly controlling costs, improving productivity, and accelerating recovery of risk-provisioned debts, in a context where the banking sector continued to maintain reasonable lending interest rate levels to support businesses and individuals.

Total operating income exceeded VND 5,860 billion, up 27% year-on-year; net interest income exceeded VND 4,000 billion, up 8% year-on-year, while non-interest income continued to be diversified from card activities, with the non-interest income ratio reaching 23% of total revenue. Credit card operations maintained positive growth momentum, with over 73,700 new cards issued in Q1/2026 and total card spending reaching nearly VND 35,000 billion, up 6% year-on-year. These results reflect the stable and sustainable expansion of the credit card segment, thereby contributing to reinforcing a sustainable fee income stream for the bank.

AGM approves nearly 19% dividend plan on a strong equity base and high capital adequacy ratio

VIB's 2026 AGM approved a profit distribution plan with a total dividend ratio of nearly 19%, of which 9% is a cash dividend and 9.5% is a stock dividend. Total expected cash dividend payments will exceed VND 3,060 billion, affirming the commitment to delivering sustainable benefits to shareholders on the foundation of stable profitability and earnings efficiency. The share issuance for stock dividend at 9.5% will increase VIB's charter capital to over VND 37,300 billion upon completion, reinforcing the capital base to support the credit growth plan and business expansion in subsequent years.

The attractive dividend policy has been sustained thanks to VIB's consistently strong operational performance over many consecutive years, with ROE regularly among the industry's leading group and a healthy capital base. The capital adequacy ratio is maintained at a high level, providing a solid buffer for VIB to simultaneously pay dividends and maintain a capital buffer for growth in 2026.

Launch of Privilege Banking - a new standard for Priority Banking

On April 10, 2026, VIB officially launched Privilege Banking with the message "Mastering the moment" targeting the middle class and affluent customers in Vietnam. Privilege Banking is built on three core values: Dynamic - flexibility according to needs; Unique- personalization along each journey; and Exclusive - privileges to seize opportunities ahead of every shift.

VIB Privilege offers a flexible financial solution ecosystem, designed end-to-end from cash flow management, accumulation, to investment, helping assets always operate efficiently and be ready for every opportunity. Complementing this are smart payment solutions with a priority card ecosystem, integrating outstanding privileges, delivering a seamless and premium spending experience. In addition, credit solutions are designed with flexibility, allowing customers to proactively structure their capital, optimize cash flow, and seize investment opportunities at each point in time.

All of this is personalized on the MyVIB digital platform, combined with the support of a team of specialists, creating a comprehensive, flexible, and worthy financial solution ecosystem - helping customers truly take charge of their financial journey and their era.

2026 Outlook

Building on the positive Q1/2026 business results, VIB continues to implement the strategic orientations approved by the AGM, aiming to maintain stable growth momentum and improve operational efficiency. The Bank targets continued profit growth through credit expansion in key segments, improved funding costs, and increased contribution from non-interest income sources. At the same time, strategic initiatives being simultaneously implemented across multiple business areas are expected to continue generating growth momentum and strengthening the business foundation in subsequent quarters.