BVBank (BVB) Plans HOSE Listing in Q3 2026, Targets 34% Profit Growth

Overview

Ngân hàng Thương mại Cổ phần Bản Việt (BVBank, ticker BVB) held its 2026 Annual General Meeting on April 16, 2026, reporting a 34% rise in 2025 pre-tax profit and approving a plan to list its shares on the Ho Chi Minh City Stock Exchange (HOSE) in the third quarter of 2026. The bank also targets a 55% increase in charter capital and another 34% profit growth for 2026, positioning the potential HOSE listing as a pivotal step in its expansion.

Key Facts

• 2025 pre-tax profit reached VND 522 billion, a 34% increase year-on-year.
• Total assets stood at over VND 133 trillion as of December 31, 2025, up 29% from 2024.
• The bank’s non-performing loan ratio under Circular 31/2024/TT-NHNN fell to 2.13%.
• Customer base exceeded 2.9 million, a 28% increase, with over 95% being individual clients.
• 89% of new customer growth in 2025 came from digital channels.
• 2026 targets include pre-tax profit of VND 700 billion (up 34%) and total assets of VND 155 trillion (up 16%).
• The plan to list on HOSE in Q3 2026 was approved alongside a 55% charter capital increase.

What Happened

At its 2026 Annual General Meeting, BVBank’s Board of Directors and Executive Board reported financial results for 2025, highlighting a year of quality growth. According to the company’s presentation, pre-tax profit rose 34% to VND 522 billion, driven by a 17% increase in net operating income to over VND 2,900 billion. The bank emphasized that net interest income remained its core activity, accounting for 92% of total income, reflecting stability in its traditional business model. Asset quality improved, with the NPL ratio declining to 2.13%, while retail and SME lending constituted nearly 95% of its credit portfolio.

The meeting also approved key plans for 2026 and beyond. Shareholders greenlit a strategy to list BVBank’s shares on HOSE in the third quarter of 2026, coupled with a 55% increase in charter capital. For 2026, the bank set targets including a 34% rise in pre-tax profit to VND 700 billion, total assets of VND 155 trillion, and credit growth of 18%. According to Mr. Lý Hoài Văn, Board Member and General Director of BVBank, the bank will focus on its strengths in retail and SME banking while optimizing capital, resources, and risk management.

Market Context

BVBank (BVB) trades on the UPCOM exchange. The stock closed at VND 13 on April 10, 2026, up 1.61% on volume of 1.96 million shares. The announcement of strong 2025 results and the HOSE listing plan comes amid a competitive banking sector where digital transformation and retail focus are key drivers. A successful move to HOSE would likely enhance liquidity and visibility for BVB, potentially attracting broader institutional interest.

Strategic Significance

The planned HOSE listing represents a strategic milestone for BVBank, aiming to elevate its market stature and support capital-raising efforts for expansion. The bank’s consistent profit growth, driven by digital adoption—with 89% of new customers from digital channels—and a focused retail/SME lending model, underscores a scalable business strategy. This move could position BVBank more competitively against larger listed peers, leveraging its digital ecosystem as a primary growth engine.

What to Watch

• Official submission and approval of the HOSE listing application by the State Securities Commission and HOSE.
• Execution of the 55% charter capital increase plan and its funding structure.
• Quarterly earnings reports, starting with Q1 2026, to track progress toward the VND 700 billion pre-tax profit target.
• Updates on digital transformation metrics, particularly customer acquisition rates and digital channel contribution.
• Asset quality trends, especially the NPL ratio relative to the sub-3% target for 2026.