BIDV Q1 2026 Pre-Tax Profit Up 15.7% to VND 8,572B, Total Assets Top VND 3.388 Quadrillion

Overview

BIDV (HOSE: BID), the largest bank in Vietnam by total assets, reported Q1 2026 pre-tax profit of VND 8,572 billion, up 15.7% year-on-year, according to its Q1 2026 financial statements. Total assets reached over VND 3.388 quadrillion, up 1.7% from end-2025, but customer deposits fell 3.7%, highlighting funding pressure amid loan growth.

Key Facts

• Q1 2026 pre-tax profit: VND 8,572 billion, up 15.7% YoY and down 39.4% QoQ.
• Net profit after tax: VND 6,879 billion, up 17.8% YoY.
• Total assets: VND 3.388 quadrillion, up 1.7% from end-2025 (increase of VND 57,000 billion).
• Customer deposits: VND 2.141 quadrillion, down 3.7% (VND 82,000 billion) from end-2025.
• Loans to customers: VND 2.43 quadrillion, up 2.4% (VND 57,000 billion) from end-2025.
• Valuable paper issuance: VND 303,000 billion, up 34.5% (VND 78,000 billion) from end-2025.
• Equity: VND 190,600 billion, up 9.9% (VND 17,000 billion) from end-2025.

What Happened

BIDV released its Q1 2026 financial statements, showing continued growth in total assets and credit, but a decline in customer deposits. The bank’s pre-tax profit of VND 8,572 billion represents a 15.7% increase from Q1 2025, though it fell 39.4% from Q4 2025. Net interest income reached VND 15,734 billion, up 12.8% YoY but down 18% QoQ, as funding costs rose sharply.

To address the deposit shortfall, BIDV increased issuance of valuable papers by 34.5% to VND 303,000 billion and raised interbank deposits and borrowings by 4.5% to VND 437,000 billion. Meanwhile, the bank reduced its deposits at the State Bank of Vietnam by nearly 48% to VND 64,700 billion. Equity grew 9.9% to VND 190,600 billion, supported by retained earnings of VND 51,600 billion.

Market Context

BID shares closed at VND 40,000 on April 15, 2026, down 0.12% with volume of 6.04 million shares. The stock has been under pressure amid rising funding costs and margin compression across the banking sector. BIDV’s deposit decline contrasts with strong loan growth, a trend that may weigh on net interest margins in coming quarters. The bank remains the largest in Vietnam by assets, but its funding structure is shifting toward more expensive wholesale sources.

Strategic Significance

BIDV’s Q1 results highlight the challenge of maintaining loan growth while deposits shrink, forcing reliance on costly wholesale funding. The 34.5% surge in valuable paper issuance suggests the bank is proactively managing liquidity, but this could pressure margins. With equity up nearly 10%, BIDV’s capital position remains solid, supporting its ability to meet credit growth targets. The bank’s dominant market share in assets and deposits provides a buffer, but the deposit decline bears watching as it may signal competitive pressures or customer preference shifts.

What to Watch

• Q2 2026 net interest margin and funding cost trends.
• Deposit growth trajectory and any policy response from the State Bank of Vietnam.
• BIDV’s credit growth relative to the industry and its full-year target.
• Further issuance of valuable papers or capital-raising activities.
• Q2 2026 earnings release in July 2026.