BVBank (BVB) Reports 34% Profit Growth, 55% Capital Hike, and HOSE Listing Target for Q3

Overview

BVBank (BVB) held its 2026 Annual General Meeting on April 16, 2026, reporting a 34% year-on-year increase in 2025 pre-tax profit to VND 522 billion. Shareholders approved a plan to raise charter capital by 55% and set a target to list BVB shares on the Ho Chi Minh City Stock Exchange (HOSE) in the third quarter of 2026. This signals a major step in the bank’s growth and market accessibility strategy.

Key Facts

• 2025 pre-tax profit reached VND 522 billion, a 34% increase compared to 2024.
• Total assets as of December 31, 2025, stood at over VND 133 trillion, up 29% year-on-year.
• The non-performing loan (NPL) ratio under Circular 31/2024/TT-NHNN decreased to 2.13%.
• Customer base exceeded 2.9 million by end-2025, a 28% increase, with over 95% being individual clients.
• 89% of new customer growth in 2025 came from digital channels.
• 2026 business plan targets pre-tax profit of VND 700 billion, another 34% increase.
• The bank aims to list on HOSE in Q3 2026, pending regulatory approval.

What Happened

According to the shareholder meeting materials, BVBank (BVB) delivered robust financial results for 2025, with pre-tax profit rising 34% to VND 522 billion. Total assets grew 29% to over VND 133 trillion, while credit outstanding increased 15% to over VND 78.2 trillion. The bank highlighted that net interest income remained its core revenue driver, accounting for 92% of total net income, which reached over VND 2.9 trillion, up 17% year-on-year. Asset quality improved, with the NPL ratio falling to 2.13%, and nearly 95% of its credit portfolio is allocated to retail and small-to-medium enterprise (SME) clients.

At the meeting, shareholders approved key resolutions for 2026, including a plan to increase charter capital by 55% and a target to list BVB shares on HOSE in the third quarter. The bank’s Chairman and General Director, Mr. Lý Hoài Văn, stated that BVBank will focus on its strengths in retail and SME banking while leveraging digital transformation. The 2026 business plan targets a pre-tax profit of VND 700 billion, representing a 34% increase from the 2025 result, with total assets projected to grow 16% to VND 155 trillion.

Market Context

BVB shares trade on the UPCOM exchange and closed at VND 13 on April 10, 2026, up 1.61% on volume of 1.96 million shares. The announcement of strong profit growth, capital expansion, and a definitive HOSE listing timeline provides a positive catalyst for the stock, potentially improving liquidity and investor profile. The Vietnamese banking sector has seen mixed performance amid economic recovery, with mid-sized banks like BVBank focusing on niche retail and digital strategies to drive growth.

Strategic Significance

The capital increase and HOSE listing plan are central to BVBank’s strategy to fund expansion and enhance its competitive position. The bank’s heavy reliance on net interest income (92% of revenue) and focus on retail/SME lending, combined with a digital ecosystem that drove 89% of new customer growth, positions it to capture market share in Vietnam’s underbanked segments. Successfully listing on HOSE would provide greater access to capital, increase stock visibility, and potentially support valuation multiples as it executes its 2026 growth targets.

What to Watch

• Regulatory approval and execution timeline for the 55% charter capital increase.
• Official HOSE listing application submission and exchange approval in Q3 2026.
• Q1 2026 financial results to assess progress toward the VND 700 billion full-year profit target.
• Asset quality trends, particularly the NPL ratio relative to the sub-3% target for 2026.
• Updates on digital banking metrics and customer acquisition costs.