On April 22nd, in Hanoi, Vietnam Prosperity Commercial Bank ( VPBank ; HoSE: VPB) successfully held its 2026 Annual General Meeting of Shareholders, reviewing and approving all important proposals and reports.
The target is to increase capital to 106,200 billion VND.
VPBank's leadership has presented and received approval from the General Shareholders' Meeting for a plan to increase its charter capital in 2026 from VND 79,339 billion to VND 106,243 billion. Upon completion in 2026, VPBank will firmly consolidate its position among the leading financially capable banks in the market.
The capital increase plan will be implemented in two phases. First, the bank will issue shares from its equity capital at a rate of over 26%, raising its charter capital to VND 100,000 billion. This will be carried out between the second and third quarters of this year.
In the second phase, VPBank plans to privately issue over 624 million shares to a foreign investor, increasing its charter capital to over VND 106,200 billion. The issuance is expected to take place in the third and fourth quarters, aiming to enhance VPBank's financial and governance capabilities and expand its operations. The investor participating in the issuance could be a strategic investor of VPBank or a foreign organization that fully meets the financial capacity and participation requirements.
Alongside its capital increase plan, VPBank also presented and received shareholder approval for a cash dividend payment plan at a rate of 5%. Maintaining this cash dividend policy this year marks the fourth consecutive year the bank has fulfilled this commitment, while also adhering to the roadmap announced at the 2023 Annual General Meeting of Shareholders regarding the maintenance of cash dividend payments for five consecutive years.
VPBank's 2026 Annual General Meeting of Shareholders
The business plan maintains high growth momentum.
This year, VPBank has also set ambitious business plans, aiming for consolidated pre-tax profit of VND 41,323 billion, a 35% increase compared to the previous year. Consolidated loan balances are expected to reach nearly VND 1.3 trillion, a 34% increase, along with consolidated customer deposits and securities exceeding VND 1 trillion, a 40% increase. The bank's non-performing loan ratio, according to Circular 31, is targeted to be below 2.5%.
According to the bank's management, given the complex and volatile business environment and the risks posed by the global political situation, achieving this year's business targets presents a significant challenge.
"However, we are confident that under the leadership of the Board of Directors, the Executive Board, and strategic partners, along with the unity of all employees, VPBank will steadily overcome difficulties and continue to grow in quality and efficiency," the Executive Board's report stated.
At the end of Q1/2026, VPBank's consolidated pre-tax profit reached over VND 7,900 billion, a 58% increase year-on-year and nearly 20% of the annual plan. Consolidated total assets increased by 9%, reaching over VND 1.37 trillion, maintaining its leading position among private joint-stock commercial banks without state capital. Consolidated loan volume exceeded VND 1 trillion, a 10.2% increase compared to the end of 2025, along with consolidated customer deposits and securities reaching nearly VND 822,000 billion, an 11.8% increase.
In 2025, with the synergy from its diverse and expanding ecosystem and the support from strategic shareholder SMBC, VPBank recorded a significant breakthrough, exceeding its targets in all financial indicators. Consolidated total assets reached VND 1.26 trillion by the end of the year, an increase of 36.4%, making VPBank the largest private bank without state capital in the system in terms of total assets.
By the end of 2025, consolidated loan balances reached over VND 961,000 billion, while deposits and individual securities also recorded a growth rate of 35.6%. VPBank affirmed its position in the international capital market with long-term funding, arranged and guaranteed by reputable institutions, totaling USD 2.36 billion. The capital adequacy ratio (CAR) remained among the leading group, exceeding 14%.
The General Meeting approved a plan to increase the charter capital to over 106,200 billion VND.
Strategic pillars in the new phase
Accompanying this year's ambitious plan is a system of strategic pillars that are built in a synchronized and highly interconnected manner. First and foremost, credit growth remains the core driver, with a focus on the retail and small and medium-sized enterprise (SME) segments.
Alongside credit growth, VPBank continues to strengthen its capital mobilization foundation by diversifying sources and channels, not only expanding scale but also ensuring liquidity safety and the balance and sustainability of the balance sheet. Building on this foundation, risk management capabilities are being enhanced proactively, strengthening supervision, debt resolution, and recovery efforts, thereby substantially improving the quality of the credit portfolio.
"Ecosystem synergy and corporate governance" continues to be identified by the bank as a key strategic pillar, aiming to optimize operational efficiency and enhance customer experience across the entire ecosystem. Building on this foundation, VPBank is proactively expanding into new business areas such as life insurance, fund management, digital assets, and gold trading, while continuing to invest heavily in technology, data, and human resources to create a foundation for sustainable growth.
VPBank has identified 2026 as a pivotal year in its next five-year development plan, marking a period of accelerated growth to realize its long-term strategic goals. The bank aims to significantly expand its operations while maintaining a growth rate of over 30% per year. The close integration of "rapid growth" and "quality improvement" will be the overarching theme, enabling VPBank to both increase its business scale and strengthen its governance and efficiency, leading to sustainable long-term development.
This strategic direction is built on a foundation of sustained growth over many years, with VPBank maintaining an average growth rate of approximately 30% for 15 years, and exceeding 30% in all of the last three years. This result reflects the bank's consistent strategic execution capabilities, as well as its ability to achieve rapid growth while effectively managing risks in a volatile market environment.
Source: https://congthuong.vn/vpbank-nang-von-len-hon-106-200-ty-dong-453358.html
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