At the 2026 Annual General Meeting of Shareholders held on April 22 in Hanoi, Vietnam Prosperity Joint Stock Commercial Bank (VPBank; HoSE: VPB) approved a plan to increase charter capital from 79.339 billion VND to 106. 243 billion VND.
According to the roadmap, the bank will increase capital in two phases this year. The first is to issue shares from equity capital with a ratio of more than 26%, expected to be implemented in the second and third quarters. Next, the bank plans to privately issue more than 624 million shares to a foreign investor in the third or fourth quarter. The goal of increasing capital is to improve the financial capacity and operating scale of the bank.
Regarding the profit distribution plan, shareholders have approved the payment of cash dividends at a rate of 5%. This is the fourth consecutive year that VPBank has paid cash dividends to shareholders according to the 5-year roadmap announced from the 2023 general meeting.
For the 2026 business plan, VPBank sets a consolidated pre-tax profit target of 41.323 billion VND, an increase of 35% compared to the performance of 2025. Other financial targets are also specifically set with consolidated credit balance expected to reach nearly 1.3 million billion VND, an increase of 34% and the scale of customer deposits and valuable papers reaching over 1 million billion VND, an increase of 40%. The bank expects to control the bad debt ratio of individual banks below 2.5% as prescribed in Circular 31.
The Q1/2026 business results report shows that the bank's consolidated pre-tax profit reached more than 7,900 billion VND, completing nearly 20% of the year plan. By the end of March 2026, VPBank's total consolidated assets reached more than 1.37 million billion VND, an increase of 9% compared to the beginning of the year. The consolidated credit scale at this time reached more than 1 million billion VND, while customer deposits and valuable papers reached nearly 822,000 billion VND.
Previously, in 2025, VPBank's consolidated total assets reached 1.26 million billion VND, an increase of 36.4% compared to 2024. Consolidated credit balance last year reached more than 961,000 billion VND and the capital adequacy ratio (CAR) reached more than 14%. According to the orientation in the new period, the bank focuses on core areas including retail, small and medium-sized enterprises, and expands operations to insurance, fund management and digital assets on existing technology platforms.
