Vietnam International Bank (VIB) earned nearly 7,600 billion dong in pre-tax profit in the first nine months of 2026, up 8% from a year earlier, according to financial statements reported by VnExpress and VietnamPlus. Total operating income rose 18% while operating expenses fell 2%. On the same day, 28 October, VietnamPlus reported combined nine-month pre-tax profit of more than 14,300 billion dong at ABBank, OCB and Sacombank, and an updated VIB shareholder list showed one investor group holding more than 8.6% of the bank.
VIB in numbers
Nine-month operating income topped 17,300 billion dong, with net interest income of about 13,180 billion dong and non-interest income making up 23%. Operating expenses were above 5,300 billion dong, and the bank set aside more than 4,300 billion dong for credit risk provisions. Return on equity reached 16.2% and the bad debt ratio stood at 2.29%.
As of 30 September, total assets were close to 600,000 billion dong and outstanding loans exceeded 411,000 billion dong, both up 8% from the start of the year, with retail and small and medium-sized business customers making up 66% of lending. Customer deposits passed 322,000 billion dong, up 9%, outpacing credit growth. Safety ratios included a Basel III capital adequacy ratio above 11% (minimum 8%), a loan-to-deposit ratio of 77% (cap 85%), short-term funds used for medium and long-term lending at 20% (cap 40%) and a net stable funding ratio of 102%.
On pricing, VIB cut deposit rates by up to 0.5% a year for terms over six months, launched a 15,000 billion dong credit package for businesses with rate cuts of up to 1.5% a year, and a 5,000 billion dong car loan programme. On 5 October it closed a three-year syndicated loan of 285 million USD from 9 financial institutions, at a cost about 30 basis points below its previous syndication, as part of a plan to raise about 1 billion USD in medium and long-term foreign funding in 2026.
Four banks compared
| Bank | Nine-month pre-tax profit | Comparison | Total assets at 30 September |
|---|---|---|---|
| VIB | Nearly 7,600 billion dong | Up 8% year on year | Nearly 600,000 billion dong |
| Sacombank | 5,893 billion dong (consolidated) | Nearly 73% of annual plan | 1.057 million billion dong |
| ABBank | 4,301 billion dong | Nearly 96% of annual plan | More than 276,000 billion dong |
| OCB | 4,123 billion dong | Up more than 20% year on year | 363,726 billion dong |
Table compiled by KBVN+ from VnExpress and VietnamPlus.
According to VietnamPlus, net interest income at Sacombank fell 17.8% to 17,517 billion dong after several rounds of rate cuts: a 0.5% a year cut in deposit and lending rates in April, and in August a margin reduction from 2.79% to 0.79% to lower lending rates by 2% for import-export businesses. Service income offset part of that, reaching 8,206 billion dong, about 3.5 times the year-earlier level, while foreign exchange income rose 92.4% to 1,400 billion dong. Operating costs fell 19.3% to 9,053 billion dong, cutting the cost-to-income ratio from about 46.1% to 32.6%. Profit before provisions rose 42.6% to 18,741 billion dong, and the risk provision buffer was raised to 12,848 billion dong.
ABBank posted operating income of about 7,803 billion dong, up 48%, with operating costs up only 21% and a bad debt ratio of 0.80%. On 6 October, Moody's upgraded its long-term deposit and issuer ratings from B2 to B1. OCB made third-quarter pre-tax profit of more than 1,653 billion dong, up 7.5%, and nine-month net operating income of more than 9,219 billion dong, up 17.5%, with non-interest income up 43%.
Shareholder group holds over 8.6% of VIB
According to VnExpress, the list of VIB shareholders owning at least 1% of charter capital, updated on 28 October, shows that Beston and Bellmont, together with 4 related individuals, hold more than 322 million VIB shares, or over 8.6% of the bank:
| Shareholder | Holding |
|---|---|
| Beston JSC | More than 87 million shares, over 2.33% |
| Bellmont JSC | More than 85.7 million shares, nearly 2.3% |
| Nguyen Thuy Nga and her husband Truong Hong Hai | Over 3.88% |
| Nguyen Manh Thang and his wife | 0.095% |
Nga chairs and runs both Beston and Bellmont. Bellmont received more than 85.7 million VIB shares from Beston when the company was split, after which the two firms together held nearly 173 million shares, about 4.63% of the bank. Thang sits on the boards of both companies. Under the 2024 Law on Credit Institutions, shareholders owning 1% or more of a bank must disclose information about themselves and related persons.
What comes next
VIB said it would focus on credit growth, cost control and asset quality in the final quarter to meet its business plan, as it prepares for a VIB 3.0 phase centred on technology, data and artificial intelligence. ABBank plans to raise its charter capital from 16,068 billion dong to more than 26,800 billion dong around mid-2027. Based on nine-month results, Sacombank still has more than 27% and ABBank more than 4% of their annual profit plans to deliver in the fourth quarter.