Fortune Vietnam stock: LPBank reaches 70% of 2026 profit target
Published on 11/11/2026 at 01:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit growth strengthens LPBank's outlook
- LPBank reached 70% of its full-year pre-tax profit target after nine months.
- Loan growth and fee income supported operating performance through the third quarter.
- Lower lending rates could weigh on margins while supporting customer demand.
Fortune Vietnam Joint Stock Commercial reported pre-tax profit of VND10,421 billion for the first nine months of 2026, up nearly 9% from the same period a year earlier. The result represented 70% of the full-year target set by shareholders. The Investor reported the figures on Thursday, November 5, 2026.
Third-quarter pre-tax profit reached VND4,448 billion, an increase of 29% year on year. Total assets stood at VND694,183 billion on September 30, up 29% from a year earlier, while customer loans rose 24% to VND481,570 billion.
Fee income lifts operating performance
Operating income climbed 29% to VND19,179 billion in the first nine months. Net non-interest income contributed VND7,489 billion, or 39% of operating income, with net service income rising 136% to VND5,977 billion.
Foreign-exchange trading also contributed to the mix. Net income from the business rose 241% year on year to VND889 billion. The figures point to a broader earnings contribution beyond traditional lending, although the bank's future performance will remain sensitive to credit demand, funding costs and asset quality.
Rate cuts create a mixed outlook
LPBank cut lending rates by as much as 2 percentage points during 2026 and reduced selected deposit rates by 0.5 to 0.6 percentage points. Lower borrowing costs may support loan demand and economic activity, but they can also pressure interest margins if funding costs remain elevated.
The bank's non-performing loan ratio stood at 1.87% at the end of September. Operating expenses reached VND5,337 billion, while the cumulative cost-to-income ratio declined to 27.83%.
Fortune Vietnam Commercial Bank at a glance
- Company: Fortune Vietnam Joint Stock Commercial Bank, also known as LPBank
- ISIN: VN000000LPB7
- Ticker: LPB
- Exchange: Ho Chi Minh Stock Exchange
- Reporting period: Nine months ended September 30, 2026
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