Asia Commercial Joint Stock Bank (ACB) Q3 2026 earnings summary

Executive summary

• 9M26 total operating income rose 9.2% YoY to VND 28trn; PBT increased 3.4% to VND 16,614,402m, reaching 74% of the FY26 AGM target.

• 9M26 profit after tax was VND 13,311,703m, versus VND 12,840,014m in 9M25.

• At 30 September 2026, total assets were VND 1,104,379,502m and customer loans were VND 757,343,863m.

Financial highlights

• 9M26 NII was VND 22,969,204m, up 16% YoY; NFI also rose 16%, while other income declined 33%.

• 9M26 operating expenses were VND 8,651,238m, up from VND 8,141,985m; credit-loss allowance expense was VND 3,330,540m, versus VND 3,250,753m.

• 3Q26 operating income grew 8.3% QoQ and 18.1% YoY; NII rose 5.3% QoQ and non-NII increased 25.4%.

• 3Q26 NFI declined 4.1% QoQ; card income rose 8.9% and banca income 12.4% QoQ.

• 3Q26 OPEX rose 13.6% QoQ; 9M26 CIR was 31%.

Outlook and guidance

• FY26 credit growth is expected to fully utilize the existing quota; underwriting and monitoring of higher-risk segments will remain prudent.

• Funding is expected to remain stable, with continued funding-mix optimization, liquidity management and cost efficiency.

• NIM improvement is expected to continue, supported by CASA strength and active funding-cost management.

• FY26 NPL ratio forecast is at or below 1.3%; resilient earnings are expected to support progress toward the FY26 AGM target.