Sacombank (Sai Gon Tai Loc Joint Stock Commercial Bank) had 12,553 employees as of 30 September 2026, down 4,263 or 25.4% from end-2025, while the parent bank's headcount fell 27.1%. Headcount dropped by about 474 a month on average in the first nine months, to its lowest level in over a decade. Nine-month staff costs were about VND 5,108 billion, down 17.3%, while average cost per employee rose 22.8% to VND 45.2 million a month. Q3 pre-tax profit fell 52% to VND 1,757 billion and after-tax profit fell 53.6%, mainly due to sharply higher credit risk provisions and lower net interest income. Non-performing loans rose to VND 51,367 billion, or 7.33% of outstanding loans, from about 6.41% at the start of the year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Hơn 4.200 nhân viên thôi việc tại một ngân hàng lớn: Cứ 4 người thì giảm 1 người trong năm nay
Keywords
Sacombankbanksnon-performing loansemployment
Open a keyword to see other news on the same topic.
Related news
- Sacombank becomes Vietnam's fifth private bank to top VND 1 quadrillion in assets
Sacombank (STB) reported third-quarter 2026 pre-tax profit of VND 1,757 billion, down 52% year on year, as credit risk provisions rose to VND 5,729 billion, about 5.5 times higher, while net interest income fell 33.6% to VND 5,228 billion. For the first nine months, pre-tax profit fell 46.4% to VND 5,893 billion, with provisions nearly six times the year-earlier level, and the bank said net interest income declined due to preferential lending programs that cut loan rates by 1.5–2% per year. As of September 30, 2026, total assets were about VND 1.057 quadrillion, making Sacombank the fifth private bank to cross the VND 1 quadrillion mark after VPBank, Techcombank, ACB and HDBank. Loans to customers rose 12.5% to VND 682,457 billion, but the bad debt ratio climbed to about 7.33% from 6.41% at the start of the year, with groups 3 to 5 totaling VND 51,367 billion.
- More than 1,000 employees leave a Vietnamese bank, accounting for nearly 30% of total headcount
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.
- 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.
- Nguyễn Xuân Ái Quốc Appointed Deputy General Director of SACOMBANK
SACOMBANK has appointed Nguyễn Xuân Ái Quốc as Deputy General Director, following a series of frequent personnel changes since the start of the year. Mr. Quốc has more than 20 years of experience in banking and finance at institutions including ANZ, HSBC, VIB, Commonwealth Bank of Australia and Westpac, and in recent years handled large corporate clients and complex large-scale financing deals. He is expected to drive customer-centric business, strengthen financial solution advisory, and improve coordination among business, product and risk management units. With this appointment, the bank's number of Deputy General Directors rises to nine. The article also recaps other changes: Nguyễn Đức Thụy became General Director from March 3, 2026 before moving to Standing Vice Chairman, with Loic Faussier taking over executive duties; Nguyễn Xuân Vũ was elected Vice Chairman from September 18, 2026; and several other deputy directors have resigned or left the bank.
- A Major Surprise at Sacombank
Sacombank (STB) became the fifth private bank to surpass 1 million billion VND in total assets, reaching about 1.057 million billion VND as of 30/9/2026. Third-quarter pre-tax profit fell 52% to 1,757 billion VND, mainly because credit risk provisioning expenses surged to 5,729 billion VND, about 5.5 times the year-earlier level, while net interest income dropped 33.6%. Net service income rose sharply to 4,255 billion VND, partly offsetting that decline. Bad debt rose to 51,367 billion VND, or about 7.33% of total outstanding loans, up from about 6.41% at the start of the year. For the first nine months, after-tax profit reached 4,278 billion VND, down about 50.8%.
- Major surprise at Sacombank: Vietnam's fifth private bank passes 1 million billion VND in total assets
Sacombank (STB) posted third-quarter 2026 pre-tax profit of VND 1,757 billion, down 52% year on year, and after-tax profit of VND 1,347 billion, down 53.6%. The main cause was a surge in credit loss provisions to VND 5,729 billion, about 5.5 times the year-earlier level, while net interest income fell 33.6% to VND 5,228 billion. Net service income rose more than sixfold to VND 4,255 billion and partly offset the drop, while the bank said narrower margins on preferential lending programs were a way to share benefits with businesses. As of September 30, 2026, consolidated total assets reached about 1.057 million billion VND, making Sacombank the fifth private bank to pass 1 million billion VND, after VPBank, Techcombank, ACB and HDBank. Bad debts continued to rise, with the ratio at about 7.33% of total loans, up from about 6.41% at the start of the year.
Related markets
Latest news
- Boeing is set to report earnings before the bell. Here's what Wall Street expects
Boeing will report quarterly results before the market opens Tuesday, with investors focused on how quickly it can increase aircraft production, especially the 737 Max. Consensus estimates from LSEG point to a smaller loss than the $5.34 billion net loss in the same period of 2025, with a loss of 21 cents per share and revenue of $23.84 billion expected. Boeing currently produces about 47 737 Max planes a month and aims for more, but CEO Kelly Ortberg said stabilizing output is taking longer than expected, with an increase planned for next year. The FAA recently approved the 737 Max 10, the largest model in the Max family, following the 737 Max 7 approval in August.
- Galloper Gold Intersects Occurrences of Visible Gold
Galloper Gold (CSE: BOOM) reports that drill hole LPSE-26-02 on Glover Island, part of its phase one program, intersected visible gold at 127.8 m in mineralized mafic breccia. The hole was drilled to 200 m and extended the LPSE zones about 70 metres deeper than previously outlined, with sulphide contents of up to 10%. Samples have been sent to Eastern Analytical Laboratories for assay. The company also completed phase one drilling, totalling 8 holes and 1332 meters, and CEO Hratch Jabrayan said the result supports the company's geological model while assay results are still pending.
- Wall Street Has a New Blockbuster Stock Split Coming in 2027 -- It's an Artificial Intelligence (AI) Stock That's Up 1,615% in 14 Years
Meta Platforms (META) said it will carry out a 2-for-1 stock split on January 19, 2027 and create a non-voting Class C common stock, which would help co-founder and CEO Mark Zuckerberg keep his voting control, currently more than 60%. The securities filing says that if he sold some Class B shares to cover a possible tax under California's Proposition 40, a one-time 5% wealth tax on residents with a net worth above $1 billion, his voting control could fall to roughly 53%. Meta also said the Class C shares could help fund its growth without diluting Zuckerberg's voting power, as it plans $135 billion to $145 billion of AI capex this year and reported negative free cash flow in the third quarter. A JPMorgan analyst wrote that Meta should raise capital sooner rather than later to remove an overhang on the stock.
- C3 Metals Intersects 101.9 Metres at 0.38% and 70.9 Metres at 0.62% Copper Equivalent at its Khaleesi Project, Peru - Mineralization Extended East
C3 Metals (TSXV: CCCM) reported results from two more holes at its 100%-owned Khaleesi copper project in southern Peru, extending mineralization 200 metres east. Hole KHZ5960-004 intersected 101.9 metres of near-surface mineralized gabbroic diorite grading 0.31% copper (0.38% CuEq), followed by 70.9 metres of magnetite, pyroxene and garnet skarn at 376.6 metres depth grading 0.53% copper (0.62% CuEq). Hole KHZ5960-005 returned 81.3 metres grading 0.27% copper (0.33% CuEq) near surface. Mineralization remains open in multiple directions, and a 3DIP survey is currently underway.
- Anthropic's S-1 is out. Is it actually making money?
Anthropic has filed its S-1 ahead of what could be the biggest IPO in history, with a headline loss of $80.7 billion. The host, Ejaaz Ahamadeen, walks through the filing, including revenue of $16.3 billion in the first half of 2026 and $132 billion in cash. He also explains why most of the loss is not cash going out the door.
- Stereolabs Launches ZED Box 2 Series for Physical AI and Vision in Production Robots
Stereolabs, an Ouster, Inc. company, has launched the ZED Box 2 Series, industrial edge AI computers for autonomous mobile robots (AMRs), robot vision and spatial AI systems. The series supports up to eight synchronized GMSL2 cameras for 360° perception, and the ZED Box 2 Max, powered by NVIDIA Jetson Thor, offers up to 2,070 FP4 TFLOPS and 128 GB of memory to run generative AI models directly on the robot. The ZED Box 2 uses an NVIDIA Jetson Orin NX 16GB with up to 157 TOPS in a fanless enclosure only 55 mm tall, while the ZED Box 2 Max adds 10 GbE and extra control I/O. Both models are designed to operate in temperatures from -20°C to +50°C and ship in ready-to-deploy kits with cameras, cables and mounts.
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.