Sacombank (STB) posted its highest-ever quarterly total operating income in Q3 2026, over 10,300 billion VND, up more than 17% year on year, with non-interest income making up nearly half. Operating expenses fell more than 31% to 2,820 billion VND, lifting pre-provision profit to nearly 7,500 billion VND, up more than 59%. For the first nine months, pre-tax profit reached nearly 5,900 billion VND, about 73% of the full-year plan. By end-September 2026, total assets exceeded 1,057 quadrillion VND, making Sacombank the fifth private bank to pass the 1 quadrillion VND asset mark.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: SACOMBANK củng cố nền tảng, hướng tới mục tiêu hoàn thành đề án tái cơ cấu theo kế hoạch
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
STB
▲ Likely positiveSaigon Treasure Bank
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 127,064 bn VND |
| P/E | 41.3 |
| P/B | 1.98 |
| Close on 10/28/2026 | 68.00 |
| Change that session | +0.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Sacombank's workforce size and employee income: current situation
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.
- 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.
- 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%.
- Stellantis reports $4.5 billion cash drain as massive turnaround plan continues
Stellantis reported a 4 billion euro ($4.5 billion) cash shortfall in the third quarter as it continues its turnaround strategy of 60 billion euros ($66.7 billion) to restore profitability. Third-quarter revenue rose 1% to 37.6 billion euros, while adjusted operating income climbed 184% to 256 million euros from 90 million euros a year earlier. Negative industrial free cash flow narrowed to 4 billion euros from 4.3 billion a year earlier. Shares rose 3.6% after the European market opened but are down 62% since the start of the year. The company reaffirmed that it expects positive industrial free cash flow in 2027, and CEO Antonio Filosa said early progress has been made on the FaSTLAne 2030 plan.
- 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%.
- A bank stock hits its daily ceiling with no sellers left in the 23/10 session
On 23/10, 23 of 28 bank stocks rose. Sacombank's STB hit its daily ceiling, up 6.86% to VND 68,500 per share with no sellers left, making it the highest-priced bank stock; it was the fourth straight gain, with over 8.2 million shares matched. The move came as Sacombank deputy chairman Nguyễn Đức Thụy was nominated to run for chairman of the Vietnam Football Federation (VFF) for the 10th term. Other gainers included NVB (+5.84%), EIB (+5.31%), OCB (+4.35%) and ACB (+3.9%). Foreign investors were net buyers of TCB (VND 152 billion), CTG (VND 62 billion) and HDB (VND 55 billion), but net sellers of ACB (VND 469 billion), STB (VND 84 billion) and MBB (VND 54 billion).
Related markets
Latest news
- How Anthropic's IPO structure could become the AI blueprint
Alex Morris, CEO and CIO of F/m Investments, discussed with Yahoo Finance's Brooke DiPalma what Anthropic's IPO could mean for the broader AI landscape. He said the company's revenue is not where a multi-trillion-dollar company would be expected, but it is selling a promise of the future, and its filing discusses potential existential risks to humanity. Wall Street will focus on the new governance structure, in which seven people would have power to largely control and appoint the board of trustees, a setup he called novel despite Google's different voting rights. He also flagged financing risk, more for Nvidia than Meta, as Meta announced a $100 billion share sale to fund AI. He said Anthropic is very likely to be substantially oversubscribed.
- US warns of possible military action against Iran after Nov. 3
According to the Wall Street Journal, the US has told some Gulf Arab states to prepare for a short, intense military campaign after the midterm elections, and the Pentagon is evacuating US personnel from Middle East bases where they could be at risk. President Donald Trump has not made a final decision but is leaning toward a large-scale strike that could target Iran's infrastructure and nuclear facilities. Meanwhile, Supreme Leader Mojtaba Khamenei called for meeting Iran's conditions to end the war and the state of “no war, no peace,” and discussed with Supreme National Security Council Secretary Mohsen Rezaei maintaining control of the Strait of Hormuz. The US and Israel attacked Iran from Feb. 28; after a June ceasefire memorandum, the US resumed large-scale strikes on the night of July 8, accusing Tehran of violating the Hormuz terms. The strait carries about 25% of global oil and about 20% of global LNG.
- Here Are Wednesday’s Top Wall Street Analyst Research Calls: Enphase Energy, F5, Marvell Technology, MSG Rangers, Pentair, Silicon Motion Technology, Spotify Technology, Texas Instruments, Whirlpool, and More
The roundup covers Wednesday's analyst calls ahead of the Fed's 2:30 p.m. rate decision and Alphabet and Microsoft earnings. The Nasdaq rose 1.18% to 26,477, the S&P 500 closed at 4,722, and the Anthropic IPO could come as early as the week of November 16. Jefferies upgraded Chemed to Buy from Hold with a $620 target, while Oppenheimer downgraded Enphase Energy to Perform from Outperform and President Capital Management cut Spotify to Neutral from Buy with a $608 target. The 30-year Treasury yield closed at 5.31%, and Brent crude closed at $114.30 after a second straight day of declines.
- Dissent and more: 3 things to watch for at the Fed meeting
The Fed will announce its rate decision at 2 p.m. ET, with Chair Kevin Warsh's press conference half an hour later. The FOMC is expected to hold the benchmark rate at 3.75%–4%; if three or more voting members favored a hike, it would signal growing urgency to tighten, potentially bolstering the Dollar Index and weighing on bitcoin. The 10-year Treasury yield has fallen to 5%, down 36 basis points since Oct. 7, easing financial conditions. Consumer price inflation has exceeded expectations for two straight months, oil remains near $100, and U.S. diesel prices are at record highs, so Warsh's comments on inflation will be closely watched. Bitcoin was trading at $81,411, up more than 2% over 24 hours, ahead of the meeting.
- XRP Ledger developers propose creating wallets with zero XRP for stablecoin payments
XRP Ledger developers are testing a SponsoredAccountCreate transaction, submitted Oct. 15, that lets an existing account create a new account and cover its reserve, so new wallets can hold zero XRP. Each account currently must lock a minimum of 1 XRP, so a company creating 100,000 accounts would need 100,000 XRP; under the proposal, the sponsor would pay this reserve without controlling users' private keys and could also cover transaction fees. The change would support Ripple's embedded wallets built with Stripe-owned Privy for XRP and RLUSD payments, including AI-agent payments, which currently need XRP funding to become active. The code remains under review with two unresolved automated findings and depends on a sponsorship amendment that had secured 11 of the 29 validator votes required as of Oct. 19.
- 'We'll be out of business': Jensen Huang bet his last dollars on a chip he never held in his hands — and it saved Nvidia
In 1997, with about six months of cash left, Nvidia ordered mass production of the RIVA 128 graphics chip, which had never existed physically and had been tested only in an emulator. To get that tool, the company bought the inventory of a struggling emulator seller with about half of its remaining cash, and it laid off more than half its staff, cutting headcount from about 100 to 40, while receiving a $5 million investment from Sega. The chip shipped in August 1997 supporting only eight of Microsoft DirectX's 32 blend modes, and sold roughly a million units in its first four months, paving the way for the 1999 IPO. Nvidia was worth about $1.1 trillion when the Acquired podcast was recorded in 2023 and is now around $5.3 trillion. The stock has risen about 880% over five years, versus about 70% for the S&P 500, but shares slipped slightly after an 85% year-over-year revenue jump in its fiscal first-quarter 2027 earnings.
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.