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

Executive summary

• Q3 PBT reached VND 10.4T, up 25.8% YoY; 9M PBT rose 23.7% to VND 28.9T, supported by broad income growth and lower provisions.

• 9M TOI increased 17.1% to VND 45.2T; NFI growth and a second consecutive quarterly NIM recovery broadened earnings momentum.

• Credit expanded 16.3% YTD on a consolidated basis, with no broad-based deterioration in asset quality reported.

Financial highlights

• 3Q TOI was VND 16.6T, up 16.5% YoY; PBT was VND 10.4T, up 25.8%.

• 9M NII increased 16.9% to VND 32.0T and NFI rose 40.0% to VND 11.8T.

• 9M operating expenses rose 18.7% to VND 13.8T; CIR was 30.5%, versus 30.1% in 9M25.

• Provision expenses excluding recoveries fell 30.5% YoY to VND 2.5T; recoveries declined 52.5% to VND 523B.

• Separate 9M statements reported PBT of VND 23,386,332 million and PAT of VND 18,720,684 million.

Outlook and guidance

• FY26 Vietnam GDP growth forecast rose to 9.5% from 7.9%; strong credit growth is expected, including financing for qualifying off-quota national agenda projects.

• NIM faces funding-cost pressure, partly offset by higher-yield assets; NII growth is expected to benefit from NIM resilience and credit expansion.

• NFI growth is expected to benefit from cross-selling and ecosystem expansion; performance is expected to exceed 2025.

• FY26 CIR is projected at 30–35%, with NPL below 1.5% and credit cost below 1%; CASA may improve by year-end but is unlikely to regain 40%.

• 2027 planning was constructive, with credit growth, NFI expansion and efficiency as drivers; tighter funding and global volatility remain uncertainties.