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2 clusters · 5 sources · 14 days · First seen · Last updated

KienlongBank restructuring and digital transition

Overview

KienlongBank has initiated a restructuring process centered on a digital transformation strategy. In mid-October 2026, the bank announced the closure of three transaction offices in Duc Hoa, Thoi Binh, and Thoai Son, effective October 24, 2026. The bank stated this move is intended to align its network with a long-term strategy to transition toward automated transaction channels and digital platforms.

Following these closures, financial reports for the third quarter of 2026 revealed a significant reduction in the bank’s workforce. The total number of employees at the bank and its subsidiary fell to 2,596 by September 30, a 29.3% decrease from the 3,674 employees reported at the end of the second quarter. At the parent bank level, staff numbers dropped from 3,375 to 2,589 during the quarter.

Entities

Kienlongbank · Kienlongbank Debt Management and Asset Exploitation Co., Ltd.

Timeline

  1. [BUSINESS] 5 sources
    Kienlongbank workforce decreases by nearly 30% in one quarter

    Kienlongbank's total workforce dropped by 29.3% in Q3 2026, losing over 1,000 employees compared to the previous quarter.

  2. [BUSINESS] 4 sources
    KienlongBank to close three transaction offices in digital shift

    KienlongBank will close its Duc Hoa, Thoi Binh, and Thoai Son transaction offices on October 24, 2026, as part of a strategic shift toward digital banking and automated services.

Sources

cafebiz.vn · cafef.vn · doanhnghieptiepthi.vn · kenh14.vn · mekongasean.vn