Profits at several banks fell sharply after rate-cut programs for individuals and businesses, along with higher risk provisions. SACOMBANK's 9-month pre-tax profit reached nearly 5,900 billion dong, down 46% year over year, though service income rose about 3.5 times and operating expenses fell 19.3%. Eximbank's pre-tax profit was 864 billion dong, down 58%, as it raised credit risk provisions to 997 billion dong and focused on asset quality. Other banks also saw steep declines, including Saigonbank down over 78%, BVBank down 19%, Kienlongbank down nearly 13% and PGBank down 10.5%. The article cites a sudden rise in provision costs, narrowing net interest margins (NIM) and lower non-interest income as the main reasons.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Vì sao lợi nhuận một số ngân hàng giảm mạnh?
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banksearningsinterest ratesVietnam
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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