VPBank reports VND 30 trillion profit and expands capital for VPBank stock

Published on 10/21/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBank posted VND 29,911 billion in nine-month pre-tax profit, up 46.7 percent. A 26.04 percent issue expands the capital base.

Profit and capital expansion

VPBank reported VND 29,911 billion in pre-tax profit for the first nine months of 2026 on October 19, 2026.
VNDIRECT maintained its VND 30,500 target on October 13, 2026.
VPBank completed a 26.04 percent stock dividend issue on September 25, 2026.

VPBank, VN000000VPB6, Illustration mit AI erstellt.

VPBank (VN000000VPB6) reported VND 29,911 billion in consolidated pre-tax profit for the first nine months of 2026, up 46.7 percent from the same period a year earlier. Kinh te Chung khoan reported the figure on October 21, 2026. The result gives the bank a clear earnings anchor as its capital plan enters its next stage.

Profit growth broadens the base

The latest figures show that growth extended beyond a single earnings line. Consolidated operating income reached VND 65,475 billion in the first nine months, 25.3 percent higher year over year, while net interest income rose 26.7 percent to VND 53,092 billion, according to Thitruongtaichinhtiente on October 19, 2026. The bank said third-quarter pre-tax profit exceeded VND 11,000 billion, marking a second consecutive quarterly record.

Asset growth was also substantial. At the end of the third quarter of 2026, consolidated assets exceeded VND 1.61 quadrillion, up 27.8 percent from the end of 2025, while customer loans reached more than VND 1.21 quadrillion, an increase of 28.4 percent. Asset quality remains a counterweight to that expansion, with standalone non-performing loans around 2 percent and consolidated non-performing loans below 3 percent, the same report said.

What does the target imply?

VNDIRECT maintained an optimistic recommendation and a VND 30,500 price target for VPBank on October 13, 2026, citing credit growth and stronger non-interest income. Nguoi Quan Sat reported that first-half 2026 loans increased 40.1 percent year over year. The same assessment flagged funding pressure, with the loan-to-deposit ratio at 84.5 percent.

Three capital milestones

On September 25, 2026, VPBank completed a 26.04 percent stock dividend issue involving about 2.067 billion shares, lifting charter capital to VND 100 trillion, according to The Global Banker. On October 13, 2026, VNDIRECT kept its VND 30,500 target. On October 19, 2026, VPBank reported VND 29,911 billion in nine-month pre-tax profit.

Dates for the next phase

VPBank expects the second capital-raising stage to involve more than 624 million shares for a foreign investor in the fourth quarter of 2026. Its newly licensed life-insurance subsidiary is expected to begin operations in the first quarter of 2027, according to the October 19, 2026 results report.

Capital remains the investor question

For VPBank stock, the central tension is measurable: earnings grew 46.7 percent in the first nine months, while the planned share placement could lift charter capital to VND 106.244 trillion. That combination supports lending capacity but also makes execution of the next capital step an important marker for the bank's growth plan.