Asia Commercial Joint Stock Bank (ACB) investor relations material

Executive summary

• Achieved strong profit before tax of 5.4 trillion VND in 1Q26, up 16.8% year-over-year, reaching 24% of the annual target.

• Total assets reached VND 1,002,154 billion as of 31 March 2026, up slightly from VND 1,000,450 billion at year-end 2025.

• Loans to customers increased to VND 686,589 billion, supporting asset growth.

• Profit after tax for Q1 2026 was VND 3,934 billion, up 11.2% year-over-year.

• Subsidiaries' profit contribution surged 92% year-over-year, aligning with the strategy to become an efficient financial group.

Financial highlights

• Profit before tax reached 5,368 billion VND in 1Q26, up 17% year-over-year.

• Total revenue was 8,905 billion VND (+13% YoY), with NII at 6,730 billion VND (+10%) and NFI at 1,916 billion VND (+23%).

• Net fee and commission income: VND 875 billion, up from VND 830 billion year-over-year.

• Cost-to-income ratio (CIR) remained stable at around 32%, as revenue growth outpaced operating cost growth (+6% YoY).

• Total equity increased to VND 94,850 billion from VND 91,006 billion at year-end 2025.

Outlook and guidance

• 2Q26 credit growth projected at 6-7% YTD, with funding balanced to support asset growth.

• Asset quality expected to remain well controlled, with NPL ratio contained.

• NIM pressure anticipated to moderate, supported by improved capital utilization and higher-yield loans.

• FY26 forecast: credit growth +19%, NIM LTM 2.96%, CIR 32.3%, NPL ratio ≤1.2%, CAR 12.5%.

• Emphasis on maintaining asset quality and prudent credit growth.