ABBank's first-half profit jumps 80%, surpasses two-thirds of annual target

ABBank's first-half profit jumps 80%, surpasses two-thirds of annual target

An Bình Commercial Joint Stock Bank (ABBank) reported a pre-tax profit of over VNĐ3 trillion (US$115.3 million) in the first half of 2026, up 80 per cent year-on-year and equivalent to more than 67 per cent of its full-year target.

ABBank reported first-half pre-tax profit of over VNĐ3 trillion (US$115.3 million), achieving more than two-thirds of its full-year target. — Photo courtesy of the bank

By the end of the second quarter, ABBank's total assets had reached VNĐ261 trillion ($9.9 billion), already hitting its full-year target. Outstanding loans stood at VNĐ138 trillion, while customer deposits reached VNĐ163 trillion, leaving ample room for further credit expansion in the latter half of the year.

Its non-performing loan (NPL) ratio was at 0.55 per cent, placing it among the lowest in Việt Nam’s banking sector, while its capital adequacy ratio (CAR) exceeded 12 per cent, well above the Basel II minimum requirement of 8 per cent.

According to the lender, the low NPL ratio reflects prudent risk management and reduces provisioning pressure, while the strong CAR provides a solid capital buffer to support future lending and business expansion.

As part of its long-term development strategy, ABBank is actively pursuing a capital increase.

In June, following approvals from the State Bank of Vietnam and the State Securities Commission, the lender issued nearly 209.6 million shares to pay a 15 per cent stock dividend to existing shareholders. This move is expected to elevate its charter capital to more than VNĐ16 trillion in the third quarter.

This share issuance marks the first phase of ABBank’s broader plan to raise its charter capital by over VNĐ6 trillion (a 43 per cent increase), aiming to push total charter capital past VNĐ20 trillion by the first quarter of 2027.

This bolstered capital base is expected to accelerate the bank's roadmap to transfer its listing from the UPCoM to HOSE – a transition aimed at improving corporate transparency, broadening access to institutional investors, and enhancing share liquidity.

ABBank shares have surged more than 17 per cent since the start of the year, outperforming the broader market. —

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