HDB – Brief – [NONRATED] – Credit Expansion Phenomenon

1Q26 PBT rose by +14.0%yoy to VND6,107bn, thanks to robust growth in net interest incomes (+14.5%yoy) and net fee incomes (+26.8%yoy), and manageable expenses on operation and risks provision. 1Q26 PBT completed 20.3% of the 2026 target. 1Q26 NAP rose by 12.5%yoy to VND4,902bn, lower than PBT due to a higher effective tax rate.