PGBank reports decline in Q2 2026 profit and earnings per share

PGBank (Prosperity and Development Commercial Joint Stock Bank) has released its separate financial report for the second quarter of 2026. As of June 30, 2026, the bank's total assets reached 89,312 billion VND, a 0.53% increase from the start of the year. Customer loans rose by 4.33% to 48,349 billion VND, while customer deposits increased by 2.59% to 49,716 billion VND.

Despite growth in assets and loans, the bank reported a decline in profitability for the second quarter. Net interest income rose 10.5% year-on-year to 521.5 billion VND, but operating expenses increased by 15.3% to 283.6 billion VND. After accounting for 143.2 billion VND in credit risk provisions, pre-tax profit for Q2 fell 3.1% to 164 billion VND, and after-tax profit decreased 2.9% to 131.2 billion VND. Consequently, basic earnings per share dropped by 50% compared to the same period last year, falling from 358 VND to 179 VND.