According to Kienlongbank's consolidated Q3 2026 financial statements, the bank and its subsidiary had 2,596 employees as of September 30, down 1,078 (29.3%) from the end of Q2, mainly due to a 786-person drop at the parent bank. Average monthly income per employee rose to about 25 million VND from 23 million a year earlier, as headcount fell faster than the payroll fund. Total assets reached 115,968 billion VND and customer deposits 81,827 billion VND, up 12.3% and 13.6% from the start of the year, while loans grew only 1.1% in Q3 alone. Non-performing loans rose 16.7% to 1,557 billion VND, lifting the NPL ratio to 1.98%. Nine-month pre-tax profit reached 1,713 billion VND, up 11.5% year on year, though Q3 profit fell 12.7% from a year earlier.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Hơn 1.000 cán bộ nhân viên tại một ngân hàng Việt nghỉ việc, chiếm gần 30% tổng quy mô nhân sự
Keywords
KienlongBankbanksearningsnon-performing loansemployment
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| 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.
Related news
- Over 1,000 employees leave a bank, accounting for nearly 30% of total workforce
As of 30 September 2026, Kienlongbank (HOSE: KLB) and its subsidiary had 2,596 employees, down 1,078 (29.3%) from the end of Q2; the parent bank alone cut 786 staff in Q3. Average income per employee rose to about VND 25 million a month from VND 23 million a year earlier, as headcount cuts came alongside a network restructuring. Total assets reached VND 115,968 billion, up 12.3% from the start of the year, but customer loans grew only 1.1% in Q3. Non-performing loans rose 16.7% to VND 1,557 billion, lifting the NPL ratio to 1.98%. Nine-month pre-tax profit reached VND 1,713 billion, up 11.5%, but Q3 profit fell 12.7% year on year.
- First Bank to Post Negative Q3 Profit Growth
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.
- South Plains Financial ( SPFI ) Q3 2026 Earnings Call Transcript
South Plains Financial (SPFI) reported third-quarter 2026 net income of $20.8 million, up from $19.0 million in the prior quarter, with diluted EPS of $1.06. Loans held for investment reached $3.83 billion, growing 6.3% annualized on an organic basis, while the net interest margin held steady at 4.0%. Nonperforming loans rose to 0.40% of total loans from 0.25%, mainly due to loans acquired with Bank of Houston, whose integration is now largely complete. CEO Curtis C. Griffith is scheduled to retire at year-end, with President Cory T. Newsom assuming the CEO role. The bank also announced its 30th consecutive quarterly dividend.
- Techcombank posts record quarterly profit of VNĐ10 . 4 trillion
Techcombank reported record third-quarter pre-tax profit of VNĐ10.4 trillion (US$402 million), up 25.8% year-on-year. For the first nine months, total operating income rose 17.1% to VNĐ45.2 trillion and pre-tax profit increased 23.7% to VNĐ28.9 trillion, with trailing 12-month ROE at 16.3%. Net fee income grew 40%, led by a 136.6% jump in letter of credit, cash and payment fees, while investment banking fees fell 17.5% as higher interest rates weighed on margins. Customer deposits rose 8.4% to VNĐ692.1 trillion, but the NPL ratio climbed to 1.36% from 1.15%, which the bank mainly attributed to several individual loans outside its core sectors. Subsidiary TCBS also posted its highest quarterly pre-tax profit to date, at VNĐ2.15 trillion.
- At end of Q3, PGBank's pre-tax profit reaches VND 630 billion, up 27% year on year
PGBank reported pre-tax profit after provisions of VND 630 billion for the first nine months of 2026, up 27% from the same period in 2025, as total operating income rose 9.6% and non-interest income from services and foreign exchange more than doubled. As of September 30, 2026, total assets reached VND 92,637 billion, up 4.3% from end-2025, with loans to customers up about 7.1%, customer deposits up 5.8%, and non-term deposits (CASA) surging 32%. Owners' equity rose 27.8% to VND 8,364 billion, and charter capital increased 33.2% to VND 7,327 billion. The bank's non-performing loan ratio stood at 2.46%, which it said remains within the safe threshold set by the State Bank of Vietnam.
- Morning of 19/10: Five banks report nine-month profits, with the system's largest private bank posting record earnings
VPBank reported consolidated pre-tax profit of nearly VND 30,000 billion for the first nine months, equal to its full-year 2025 result, up nearly 47% and reaching about 72.4% of its annual plan; Q3 profit exceeded VND 11,000 billion, its highest quarterly level in history. Consolidated total operating income rose 25.3% to nearly VND 65,500 billion, with net interest income up 26.7% and net service income up 76.3%. ABBank estimates pre-tax profit of VND 4,540 billion, up 97% and completing 100% of its annual profit plan, with its NPL ratio kept below the 1.5% target. Nam A Bank posted over VND 4,700 billion, up 25% and reaching nearly 80% of its annual plan, while its NPL ratio was about 1.5% and its CAR stood at 11.3%. Vietbank earned VND 1,297 billion, up 50%, and SHB estimates VND 14,300 billion for nine months.
Related markets
Latest news
- Ukraine's Strike on Russia Angers Trump: Crisis Emerges, Threatening Vital US Aid?
Relations between President Donald Trump and President Volodymyr Zelensky have deteriorated, as Trump has grown frustrated with Kyiv's repeated strikes on Russia's diesel infrastructure while diesel prices have reached record highs. On September 13, Trump began publicly urging Ukraine to halt these strikes, but Kyiv refused, saying long-range drone attacks are its only viable response to Russia's five-year campaign. On October 9, Trump announced an agreement to buy diesel from Moscow and issued a temporary general license allowing Russian diesel to access global markets. On October 22, Trump said he had asked SpaceX CEO Elon Musk to restore Ukraine's access to Starlink, after an interruption had hampered Kyiv's military drone operations. Peace efforts have yet to produce concrete results, and negotiators from Ukraine, Russia and the US are expected to meet in Abu Dhabi in the first half of November.
- Securities firm fined for failing to record customers' phone order calls
On October 23, the State Securities Inspectorate fined OCBS Securities Joint Stock Company a total of VND342.5 million for two violations. The company was fined VND92.5 million for failing to retain full records, as it did not keep phone recordings of customers' order calls for 21 transactions made through some accounts in 2025. The other violation, which drew a VND250 million fine, involved advising on a private bond offering in August 2025 without fully meeting regulatory content requirements. In Q3 2026, OCBS's operating revenue reached VND259 billion, up 91% year-on-year, and pre-tax profit reached VND105 billion, up 13%. For the first nine months, pre-tax profit was VND201 billion, up 99%, and after-tax profit reached VND157 billion, up 69% from the same period in 2025.
- Mirae Asset Expert Warns of a Common Mistake Investors Make When Trying to 'Bottom-Fish' Stocks
Ms. Nguyen Thi Binh Minh, Director of the Business Center at Mirae Asset Vietnam Securities, says a common mistake is focusing on stocks that have fallen the most rather than assessing business quality and prospects. According to MoneyGain, as of 25 October 2026, 513 companies had reported third-quarter financials, with combined profit rising 16.4% year on year even as many share prices fell. The VN-Index's P/E was about 12.3 times on 23 October, or 10.3 times excluding Vingroup. The share of stocks trading above their 50-session moving average reached 44.33%, the highest since March 2026, but remained below 50%. Ms. Minh stresses risk management, saying a 20-25% portfolio cap per stock is only a reference limit.
- Good News for Vietnam's Stock Market
MBS says the 68-point rise in VN-Index last week confirmed a short-term bottom around 1,700-1,720 points, despite pressure from a global sell-off in AI stocks and Brent crude nearing USD 117 per barrel. The index gained about 4%, its strongest weekly rise since the start of the year, and ended a four-week losing streak. Under Official Dispatch 9736/NHNN-CSTT, commercial banks must cut deposit rates for terms of six months or more by at least 0.5% a year, and several major banks have launched preferential loan packages with rate reductions of about 1.5-2% a year. The group's reported after-tax profit for the third quarter rose 32.7% year on year, though gains varied widely across sectors. MBS says VN-Index may consolidate around 1,760-1,780 points.
- Vingroup Raises Hundreds of Billions of Won in South Korean Bonds at 8% Interest
On 24 October 2026, Vingroup (ticker VIC) announced the issuance of international bonds denominated in Korean won, raising an actual 230 billion won (about VND 4,500 billion). The three-year, secured, non-convertible bonds carry a fixed 8% annual coupon, with Vinhomes and/or Vinpearl shares held by Vingroup and/or third parties as collateral. The board had approved a maximum of 455 billion won on 11 August 2026, so the actual size equals about 50.5% of that cap. The article says the deal diversifies Vingroup's international funding sources and reaches new investors, though the outcome depends on issuance conditions. Further monitoring is needed on use of proceeds, repayment obligations, and currency risk management.
- Coca-Cola and Nestlé Revise Misleading '100% Recyclable' Plastic Bottle Labels in the EU
Coca-Cola, Nestlé and Danone have agreed to revise labels on plastic bottles sold in Europe, according to European Interest on 25 October. The claim "bottle made from 100% recycled plastic" will become "100% recyclable, excluding cap and label", and "recycle me again" will change to "recycle me". EU statistics show only 55% of PET bottles are recycled into various products, and just 30% are recycled into new bottles. Coca-Cola began implementing the commitment in 2025, while Nestlé and Danone are doing so this year, following a complaint by BEUC published in 2023 alleging greenwashing. National consumer protection authorities will monitor compliance and may enforce measures if companies fail to follow the commitments.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.