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

Executive summary

• Achieved record-high quarterly profit before tax of VND 7.9 trillion in Q2 2025, up 9% QoQ, with strong fee income and a robust CASA ratio above 40%.

• Asset quality remained strong, with NPLs among the lowest in the industry, organic NPL at 1.05%, and coverage ratio at 106%.

• Maintained market-leading ROA at 2.2% (LTM), and expanded digital and wealth banking services.

• Interim financials reviewed by Ernst & Young Vietnam found no material misstatements.

• Operates a broad network with 300 branches, four subsidiaries, and 12,355 employees.

Financial highlights

• Total assets rose to VND 1,037,645 billion as of June 2025, with loans to customers up to VND 710,313 billion and deposits at VND 545,079 billion.

• Net profit attributable to shareholders was VND 12,195 billion, down 1.8% YoY; basic EPS at VND 1,731.

• TOI declined 4.8% YoY in Q2 2025 due to NIM compression and lower trading income; NIM at 3.7%-3.8%.

• Cost-income ratio at 29.2%-30%, ROA at 2.2%, and fee income stable at 24% of TOI.

• Credit growth at 10.6%-12% YTD; credit cost reduced to 0.4%-0.6%.

Outlook and guidance

• FY25 guidance unchanged: targeting low double-digit credit growth, NPL managed below 1.5%, and CIR to remain in the 30-35% range.

• Full-year GDP forecast at 7.7%, with strong export and FDI expected to support growth.

• NIM expected to remain under pressure, likely below 4%; fee income growth to accelerate in H2 2025.

• The bank will comply with new profit distribution regulations under Decree 135/2025/ND-CP effective 1 August 2025.

• No significant post-reporting period events affecting operations were identified.