Vietnam Technological and Commercial Joint Stock Bank (TCB) investor relations material

Executive summary

• Achieved third consecutive quarter of record earnings and profits, with full-year PBT of VND 32.5 trillion, exceeding AGM guidance and marking the highest ever full-year PBT.

• Maintained position as Vietnam's largest private sector bank with a $29.2Bn loan book, $6.8Bn equity, and 67% affluent market share, leading in mortgages, credit cards, and wealth management.

• Best-in-class financial metrics: 2.4% ROA, 40.4% CASA ratio, 13.2% Tier 1 ratio, 1.13% NPL ratio, and 6.6x leverage.

• Consolidated profit after tax for 2025 increased by VND 4,194,368 million, a 19.28% rise year-over-year, driven by higher net interest, fee, and investment income.

• Awarded Best Bank in Vietnam by multiple international organizations for consecutive years.

Financial highlights

• FY2025 TOI reached VND 53.4 trillion, up 13.6% YoY; PBT hit VND 32.5 trillion, up 18.2% YoY; Q4 2025 TOI was VND 14.8 trillion and PBT VND 9.2 trillion, up 19.5% YoY.

• Loans to customers grew to VND 767,617,129 million, up from VND 631,724,964 million; deposits from customers rose to VND 618,911,535 million.

• NFI exceeded VND 11.5 trillion, maintaining leadership in fee income; consolidated NIM remained resilient at 3.8%.

• NPL improved to 1.13% (-4bps YoY), with a coverage ratio of 128%; CAR at 14.6% remains market-leading.

• Net profit attributable to shareholders was VND 25,954,472 million, up from VND 21,760,104 million.

Outlook and guidance

• 2026 GDP growth expected at 8%, with credit growth quota initially at 12% but likely to be higher.

• NIM expected to stabilize between 3.6%-3.8%, with short-term pressure in early 2026.

• Focus on portfolio diversification, increased exposure to infrastructure, healthcare, and unsecured lending, and strengthening fee-based income through advisory and new products.

• Continued investment in AI and digital transformation to drive operational excellence and customer experience.

• Profit distribution will comply with Decree 135, effective August 2025, impacting future reserve and dividend allocations.