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.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ngân hàng tư nhân thứ 5 của Việt Nam vượt mốc tài sản 1 triệu tỷ đồng
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Sacombankbanksinterest ratesnon-performing loans
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/27/2026 | 1,761.87 |
| Change that session | -0.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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