Sacombank's headcount fell sharply in the first nine months of 2026: group employees totaled 12,553 at September 30, 2026, down 4,263 (25.4%) from end-2025, while the parent bank's headcount fell 27.1%. Employee costs for the nine months were about VND 5,108 billion, down 17.3% year on year, while average cost per employee rose 22.8% to VND 45.2 million per month from VND 36.8 million a year earlier. Third-quarter 2026 pre-tax profit fell 52% to VND 1,757 billion and after-tax profit fell 53.6% to VND 1,347 billion, mainly due to a sharp rise in credit risk provisions and lower net interest income. Non-performing loans rose to VND 51,367 billion, or 7.33% of total loans, from about 6.41% at the start of the year. The bank also changed its legal name, moved its head office and replaced its CEO during 2026.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tình hình quy mô nhân sự và thu nhập cán bộ nhân viên Sacombank hiện nay
Keywords
banksnon-performing loanscreditSTBearnings
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Related tickers and likely impact
STB
• NeutralSaigon Treasure Bank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 127,441 bn VND |
| P/E | 41.4 |
| P/B | 2.03 |
| Close on 10/27/2026 | 67.40 |
| Change that session | -0.30% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 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%.
- Sacombank cuts workforce to 10-year low
Saigon Tai Loc Bank (Sacombank) continued to cut staff, with about 12,550 employees across the bank and its subsidiaries as of late September, down more than 4,260 or 25% since the start of the year, the lowest headcount since 2014. The parent bank alone had about 11,560 employees, down 27%. The cuts came during a comprehensive restructuring after Nguyen Duc Thuy joined in late 2025 and became general director in early March this year. Nine-month profit fell as the bank stepped up credit risk provisioning, with pre-tax profit of nearly 5,900 billion VND, down more than 46%. Total assets exceeded 1 million billion VND, up 15% from the start of the year, while the non-performing loan ratio rose from 6.41% to 7.33%.
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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.
- 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.
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- SACOMBANK Cuts Lending Rates by 2% Following Government Directive
SACOMBANK is rolling out a VND 40,000 billion preferential credit program in line with Government and State Bank of Vietnam directives, cutting lending rates by 2% per year to preferential rates from 8.5% per year. The program targets domestic enterprises in key industries, import-export companies and foreign-invested enterprises (FDI). Earlier, from 13 August 2026, the bank launched a program for import-export customers offering rate cuts of up to 2%, narrowing its profit margin from about 2.79% to 0.79%. From September 2026, it also supports business households facing cash-flow difficulties and home-loan customers, with rate cuts of up to 1.5–2% per year. The bank is also expanding cashless payment and digital cash-flow management services.
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