Asia Commercial Joint Stock Bank (ACB) Q2 2026 earnings summary

Executive summary

• Total assets reached VND 1,067,845bn at 30 June 2026; customer loans were VND 745,759.3bn, up from VND 686,777.4bn at year-end 2025.

• 1H26 PBT was VND 10,735bn (+0.4% YoY), reaching 107% of budget; net profit after tax was VND 8,612.9bn.

• 1H26 total operating income rose 5% YoY, with NII up 13.3% and net fee income up 24.8%; NPL was 1.03%.

Financial highlights

• 1H26 NII was VND 14,773.9bn, versus VND 13,042.7bn a year earlier; NIM reached 3.05%, up 22 bps.

• 1H26 fee and commission income was VND 2,724.8bn, versus VND 2,496.4bn; net fee income rose 24.8% YoY.

• Operating profit before allowance expenses was VND 12,481.2bn, up from VND 11,779.1bn; operating expenses rose 2.5%.

• 1H26 PBT was VND 10,735bn (+0.4% YoY); ROE was 16.6% and ROA 1.6%.

• 2Q26 NII rose 16.5% YoY; total non-interest income fell 47.9% as prior one-off gains did not recur.

Outlook and guidance

• FY26 credit growth is forecast at 19%, with full use of the credit quota; funding is expected to remain balanced to support growth and manage costs.

• FY26 NPL guidance is at or below 1.2%; asset quality and provision coverage are expected to remain controlled.

• NIM pressure is expected to moderate with improving rates, retail recovery and active funding management; earnings growth is expected to rely mainly on core business and fee income.

• FY26 forecast metrics include CIR of 32.3% and CAR of 12.5%.