AsemconnectVietnam - Saigon Commercial and Industrial Bank (Saigonbank, ticker SGB - UPCoM) has just announced its financial report with pre-tax profit in the third quarter of 2026 reaching VND17.8 billion, a decrease of 79% compared to the same period last year.

Saigonbank's profit plummeted in the third quarter mainly due to declines in other business segments such as services and foreign exchange trading, while operating expenses increased sharply during the period.
Specifically, Saigonbank's net interest income reached nearly VND202 billion, a slight increase of 2% compared to the same period. However, net profit from service activities decreased by 4%, to nearly VND9 billion; foreign exchange trading saw a 57% decrease in profit, to just over VND2 billion; and profit from other activities decreased by 26% to over VND32 billion, due to a decrease in income from loans already written off using risk provisions.
On the other hand, in Q3/2026, Saigonbank recorded a sharp increase in risk provision expenses from VND11 billion in Q3/2025 to VND43 billion, nearly four times higher.
For the first nine months of the year, all business segments of Saigonbank recorded a decline compared to the same period last year, resulting in a nearly 16% decrease in total income and a more than 47% decrease in net profit from business operations compared to the same period.
As a result, Saigonbank's cumulative pre-tax profit for the first nine months of 2026 reached nearly VND66 billion, a decrease of 74.4% compared to the same period last year.
As of September 30th, the bank's total assets remained almost unchanged compared to the beginning of the year, while customer loans decreased by 1% and customer deposits decreased by 2%.
The bank's non-performing loan balance (total loans in categories 3 to 5) increased slightly to VND666 billion, a 2.6% increase compared to the end of the previous year, bringing the non-performing loan ratio to 3.06%, and the non-performing loan coverage ratio decreased from 36% to 35%.
Source: VITIC/Bao Tai chinh – Dau tu