Asia Commercial Joint Stock Bank, VN000000ACB8

ACB lifts net interest margin: what it means for Asia Commercial Joint Stock Bank stock

Published on 10/13/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACB's net interest margin hit 3.04 percent from 2.79 percent in quarter two. Asia Commercial Joint Stock Bank stock had VND 10.735 trillion profit in six months.

Asia Commercial Joint Stock Bank's net interest margin recovered to 3.04 percent in the second quarter of 2026 from 2.79 percent in the first quarter.
Six-month 2026 pretax profit reached VND 10.735 trillion, up 0.40 percent year over year.
The stock stood at VND 20,350.00 on HOSE at 10:43 a.m. ICT on October 13, 2026.
Credit growth reached 8.60 percent after six months, while second-quarter provisions rose 129 percent year over year.

Asia Commercial Joint Stock Bank, VN000000ACB8, Illustration mit AI erstellt.

Asia Commercial Joint Stock Bank (ISIN VN000000ACB8) had a second-quarter 2026 net interest margin of 3.04 percent, up from 2.79 percent in the first quarter. The improvement was reported on October 10, 2026 by 24HMoney, while higher funding costs and provisions kept the earnings recovery gradual.

Three recent operating markers

On October 9, 2026, BaoMoi reported that VPBankS raised its 2026 pretax profit forecast for ACB from VND 22.802 trillion to VND 22.870 trillion. On the same date, 24HMoney reported second-quarter pretax profit of VND 5.367 trillion, down 11.90 percent year over year. On October 10, 2026, 24HMoney said net interest income reached VND 7.785 trillion, up 16.50 percent year over year.

What does the margin recovery mean

The central issue is whether asset yields can keep improving faster than funding costs. Credit expanded 8.60 percent from the start of 2026 by the end of the second quarter, with corporate lending up 13.60 percent, according to BaoMoi. Customer deposits fell 1.50 percent from the start of the year, while certificates of deposit and other issued papers increased 49.30 percent, making the funding mix a material counterweight to the margin recovery.

Asset quality provides support, but provisions remain important. The non-performing loan ratio was 1.03 percent at the end of the second quarter, while second-quarter provisions rose 129.00 percent year over year to VND 1.060 trillion, according to 24HMoney. That combination explains why the forecast for 2026 profit rose while analysts still expect a measured recovery rather than a straight-line acceleration.

Stock price and investor context

At HOSE, Asia Commercial Joint Stock Bank stock stood at VND 20,350.00 at 10:43 a.m. ICT on October 13, 2026. The same market snapshot showed a 52-week range of VND 18,700.00 to VND 23,750.00 and market capitalization of VND 118.1 trillion, placing the current price inside the year's established trading band.

The operating picture is therefore mixed in a specific way: six-month pretax profit reached VND 10.735 trillion, up 0.40 percent year over year, but quarterly profit fell 11.90 percent against a high comparison base. For the stock, the key numerical test is whether the 3.04 percent margin can hold while provisions and funding costs normalize.

Market context

ACB's October 13, 2026 price and the second-quarter figures frame a recovery story driven by core lending income, with funding and credit costs setting the pace.

Market context: Market report Latest market reports.