VietCredit (UPCoM: TIN) reported nine-month pre-tax profit of VND 1,558.6 billion, nearly double the VND 779.4 billion a year earlier, and after-tax profit of about VND 1,248.5 billion, up over 90%. Net interest income for the period reached about VND 5,186.5 billion, up nearly 160%, driven by loan growth as outstanding customer loans reached VND 20,928 billion, up more than 124% year on year. Total assets reached VND 26,219 billion, while nine-month credit risk provisions exceeded VND 2,144 billion and the overall non-performing loan ratio was about 6.75%. The article notes that newly issued loans, especially in fast-growing products, will need more time to be fully reflected in overdue and bad debt figures in coming periods.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: VietCredit lãi trước thuế gần 1.559 tỷ đồng sau 9 tháng, dư nợ vượt 20.900 tỷ đồng
Keywords
creditnon-performing loansearnings
Open a keyword to see other news on the same topic.
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.
- 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%.
- Enova ( ENVA ) Q3 2026 Earnings Call Transcript
Enova International (ENVA) reported third-quarter 2026 revenue of $1.01 billion, up 26% year over year and the first time it has exceeded $1 billion, with adjusted EPS of $4.48, up 33%. Consolidated originations rose 31% to $2.6 billion, and total loan and finance receivables grew 30% to $5.9 billion, with small business products making up 68% of the portfolio. The consolidated net charge-off ratio improved to 8.1% from 8.5% a year earlier, while the 30-plus-day delinquency rate rose to 8% from 7.2%, which management attributed to typical consumer seasonality. Marketing expenses reached $230 million, or 23% of revenue. For the fourth quarter, management expects revenue growth of about 25% and adjusted EPS growth of 30% to 35%, and the company repurchased $46 million of shares during the quarter.
- Enova ( ENVA ) Q3 2026 Earnings Call Transcript
Enova (ENVA) reported third-quarter 2026 revenue of $1.01 billion, up 26% year over year and surpassing $1 billion for the first time. Adjusted EPS rose 33% to $4.48, while consolidated originations grew 31% to $2.6 billion. Total loan and finance receivables reached $5.9 billion, up 30%, with small business products making up 68% of the portfolio. Consumer originations hit a record $870 million, up 37%, while the consolidated net charge-off ratio eased to 8.1% from 8.5% and the 30-plus-day delinquency rate rose to 8% from 7.2%. For the fourth quarter, management expects revenue growth of about 25% and adjusted EPS growth of 30% to 35%, while flagging ongoing concerns about inflation and interest rates.
- 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.
- A Small Bank Draws in More Deposits Than Big Banks in 9 Months
According to its Q3 financial report, total customer deposits at National Citizen Bank (NCB) rose from nearly 128,000 billion VND at the start of the year to over 185,000 billion VND at the end of September, an increase of 65,000 billion VND, higher than the gains at Techcombank, ACB and many other private banks. Outstanding loans grew 55% from the start of the year to 150,660 billion VND, among the fastest growth rates in the system, with contributions from priority projects on the State Bank's list. For the first nine months, pre-tax profit exceeded 1,570 billion VND, up 140%; in Q3 alone, profit was nearly 850 billion VND, about 4.4 times the same period last year. The non-performing loan ratio fell sharply from 8.6% to nearly 4.9% of outstanding loans. The bank also recently raised its charter capital to nearly 29,300 billion VND and is financing major infrastructure projects in Hanoi, Phú Quốc and Ho Chi Minh City.
Related markets
Latest news
- Tightening Resale of Social Housing After 5 Years: What Happens to Buyers' Rights?
The draft amended Housing Law proposes allowing social housing (NƠXH) to be resold only after 5 years and only to eligible buyers, instead of being transferred under the current market mechanism. Many opinions say a clear transitional mechanism is needed to protect those who bought under the old rules. A resident of the Đại Kim social housing project in Hà Nội said current listings are around 60-65 million VND/m², 4-5 times the original price of over 14 million VND/m², and worried that narrowing buyer eligibility and capping prices would hurt existing owners' rights. Lawyer Hoàng Hà (Ho Chi Minh City Bar Association) said the policy must clarify who can buy resold units, set transparent and objective pricing rules, and adopt transitional provisions based on when the buyer's rights were established. He argued that buyers who signed valid contracts before the new law takes effect should keep resale rights under the old rules, even if they have not held the home for 5 years or do not yet wish to sell.
- VPBankS Plans to Offer VND 6,000 Billion in Bonds
VPBankS (ticker VPX, HoSE) has approved a public offering of 60 million bonds, code VPXPO2627001, with a maximum value of VND 6,000 billion. The bonds are non-convertible, carry no warrants and no collateral, and all proceeds will supplement margin lending. The bonds have a 12-month term and a fixed 9.5% annual coupon paid every six months, with the offering expected from Q4/2026 to Q1/2027. Individual investors can buy at least 10 bonds (VND 1 million), and institutional investors at least 50,000 bonds (VND 5 billion). Separately, the company is collecting written shareholder opinions until 16:00 on 02/11/2026 on a plan to issue 843.75 million bonus shares at a 100:45 ratio, which would raise charter capital from VND 18,750 billion to VND 27,187.5 billion if completed.
- What SPS Commerce (SPSC) Said on Its Q3 Earnings Call
SPS Commerce (SPSC) reported third-quarter revenue of $197.6 million, up 4%, while adjusted EBITDA rose 17% to $70.9 million, a 36% margin above its long-term target. Amazon policy changes and the June 30 divestiture of the Revenue Recovery business reduced reported revenue growth by 500 basis points, prompting management to lower its outlook, though underlying growth remains in the high-single-digit range. The company highlighted rising adoption of its AI-powered MAX tools and expects advanced agent capabilities to become monetizable in 2027. It also repurchased $48.8 million of shares during the quarter.
- Grab Holdings And 2 Top Penny Stocks To Watch
The article notes that AI hardware spending is absorbing cash at large firms such as Amazon and Intel, while smaller companies face tougher funding as borrowing costs stay high, and profiles three low-priced stocks. Grab Holdings (market cap US$11.24 billion) runs a Southeast Asian superapp with deliveries revenue of about US$1.99 billion, mobility revenue of US$1.31 billion and financial services revenue of US$430 million; the article cites an expectation that its financial services unit will break even in the second half of 2026, though its expanding lending carries credit risk. Aurora Innovation (market cap US$10.28 billion) develops the Aurora Driver for autonomous trucks and ride-hail vehicles, and is operating driverless trucks in daily commercial freight with more than 500,000 commercial miles. SoundHound AI (market cap US$2.0 billion, revenue of about US$203 million) provides voice and conversational AI tools to enterprises. The article highlights risks around funding costs, execution and competition for each company.
- Thanh Duc Holding raises VND1,200 billion from bond market at 12.5% interest rate
Thành Đức Holding successfully issued 12,000 HTDL12601 bonds, each with a par value of 100 million VND, for a total of 1,200 billion VND on October 26, 2026. The 36-month bond issue is expected to mature on October 26, 2029, with an issue interest rate of 12.5% per year according to HNX. Information about bondholders, collateral, and the purpose of the issuance has not been disclosed. The company was established in November 2014 with charter capital of 6 billion VND; by October 2025, charter capital had reached 1,399 billion VND. Mr. Trần Trung Hiếu is currently the Director. Previously, the company mortgaged movable assets and asset rights of the Hyatt Regency Sapa Hotel Project to BIDV Thành Công (August 2024) and of the Cầu Rào urban area integrated school project (August 2025). The article also links Ms. Đoàn Thị Tơ, a founding shareholder who held 90% of the initial capital, with T&D Group Joint Stock Company, where she serves as Chairwoman of the Board of Directors.
- Sabeco to pay over VND3,800 billion in dividend advance as Q3 2026 profit declines
Sabeco plans to pay a 2026 interim cash dividend at a rate of 30% (3,000 VND per share), totaling nearly 3,848 billion VND from undistributed after-tax profit. The final registration date is December 29, 2026, and payment is scheduled for February 2, 2027. Vietnam Beverage Company Limited holds 53.59% of the capital and is expected to receive nearly 2,062 billion VND, while SCIC holds 36% and is set to receive over 1,385 billion VND. In Q3 2026, net revenue exceeded 6,684 billion VND (up 3.8%) and gross profit rose 6.7%, but net profit of nearly 1,272 billion VND fell 9.4%. For the first nine months, net revenue exceeded 20,029 billion VND (up 5.1%), after-tax profit reached nearly 3,761 billion VND (up 8.9%), equal to 69.2% of the annual revenue plan and 76.2% of the annual profit plan. Operating cash flow for the nine months was nearly 4,124 billion VND (up 23.1%). As of September 30, 2026, total assets decreased 8.2% to over 29,922 billion VND, and total liabilities fell 24.6% to over 7,238 billion VND.
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.