ACB Posts VND16,600B 9M Profit as 12 Banks Top VND110,000B

Overview

ACB (HOSE) reported 9M2026 pre-tax profit of more than VND16,600 billion, up over 3% year on year and equal to 74% of its full-year plan, according to results published ahead of the 27 October disclosure round. Twelve banks have now reported nine-month earnings totaling above VND110,000 billion, with OCB up more than 20% and Kienlongbank (KLB) up 11.5%, highlighting widening divergence in Vietnamese banking profitability.

Key Facts

• ACB 9M2026 pre-tax profit: over VND16,600 billion, up more than 3% year on year, equal to 74% of the annual plan.
• ACB Q3/2026 pre-tax profit: nearly VND5,900 billion, up 9% year on year.
• ACB 9M total operating income: nearly VND28,000 billion, up more than 9%; net interest income over VND23,000 billion, up more than 16%.
• ACB customer loans at 30 September 2026: about VND765,000 trillion, up 11.5% since the start of the year; standalone NPL ratio about 1.04%.
• OCB 9M2026 pre-tax profit: VND4,123 billion, up more than 20%, equal to 59% of plan; Q3 profit VND1,653 billion, up 7.5%.
• Kienlongbank (KLB) 9M2026 pre-tax profit: VND1,713 billion, up 11.5%, equal to 66% of plan; Q3 profit VND537 billion, down 12.7% year on year and 17.9% quarter on quarter.
• Twelve banks have disclosed 9M2026 profits totaling more than VND110,000 billion as of the morning of 27 October.

What Happened

Asia Commercial Joint Stock Bank (ACB) reported nine-month pre-tax profit above VND16,600 billion, a gain of more than 3% over the same period of 2025 and 74% of its full-year target. Third-quarter pre-tax profit reached nearly VND5,900 billion, up 9% year on year. Total operating income for the nine months came to nearly VND28,000 billion, up more than 9%, supported by net interest income above VND23,000 billion (+16%) and service income above VND2,600 billion (+16%). Customer loans stood at roughly VND765,000 billion at 30 September, up 11.5% year to date, while the standalone non-performing loan ratio was about 1.04%. The bank reported a short-term funding ratio for medium- and long-term lending of about 28% against a 40% cap, an LDR of about 79% under Circular 25 against an 85% ceiling, and a consolidated CAR of about 12% under Circular 14.

Orient Commercial Joint Stock Bank (OCB) posted nine-month pre-tax profit of VND4,123 billion, up more than 20% and 59% of plan, with total net income of VND9,219 billion (+17.5%). Non-interest income rose 43%, led by a 39.6% increase in net fee income and improved foreign exchange and securities results. Kienlongbank (KLB) reported nine-month pre-tax profit of VND1,713 billion, up 11.5% and 66% of plan, though third-quarter profit of VND537 billion fell 12.7% year on year and 17.9% quarter on quarter. The figures were reported in the banks’ quarterly disclosures summarized by Vietnamese financial media on 27 October.

Market Context

ACB (HOSE) closed at VND21,300 on 26 October 2026. OCB (HOSE) closed at VND11.00, up 1.85% on volume of 4.74 million shares, while KLB (HOSE) closed at VND11,300. The results land in a reporting season where twelve banks have disclosed combined nine-month profit above VND110,000 billion, with double-digit growth at several lenders offset by profit declines at others. ACB’s 74% plan completion implies a modest fourth-quarter requirement, while OCB’s 59% completion leaves a heavier Q4 burden.

Strategic Significance

ACB’s result reflects a franchise growing net interest income faster than headline profit, with provisioning and non-core lines absorbing part of the gain; the 1.04% NPL ratio and comfortable liquidity ratios leave room to absorb credit costs. The divergence theme matters more than the aggregate: OCB’s 43% non-interest income growth signals a fee-led model gaining traction, while KLB’s sequential Q3 decline shows smaller banks remain sensitive to funding costs and provisioning. For long-term holders, plan-completion rates are the cleanest read on which banks can sustain earnings through the fourth quarter.

What to Watch

• Full Q3/2026 financial statements for ACB, OCB and KLB, including provisioning and credit-cost lines.
• Remaining bank disclosures through early November, which will complete the sector’s 9M profit picture.
• Any SBV guidance on the 40% short-term funding cap and Circular 25 LDR treatment.
• Q4 credit growth data and deposit-rate trends affecting net interest margins into 2027.
• Foreign-ownership and block-trade filings for ACB and OCB.