Saigonbank (SGB) reported a Q3 2026 pre-tax profit of only 17.8 billion dong, down 78.7% year on year, as interest expenses rose faster than interest income and credit loss provisions jumped to 42.7 billion dong, roughly 3.9 times higher. Net interest income grew just 2.1% to 201.7 billion dong, operating expenses rose 14.4% to 184.3 billion dong, and non-interest income lines all declined. For the first nine months, pre-tax profit was 65.9 billion dong, down 74.4%, equal to about 21% of the bank's full-year pre-tax target of 310 billion dong. As of September 30, 2026, total assets were 35,373 billion dong, customer loans fell 1% to 21,754.6 billion dong, and customer deposits fell 4.4% to 25,171.5 billion dong, while bad debt rose 2.6% from the start of the year to 666.4 billion dong, or 3.06% of loans.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ngân hàng đầu tiên báo lãi quý 3 tăng trưởng âm
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banksearningsnon-performing loans
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VNINDEX
▼ Likely negativeRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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