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

Executive summary

• Delivered strong Q1 2026 results amid macroeconomic volatility, with profit before tax up 23% YoY and net profit after tax reaching VND 6,950 billion (+15.6% YoY), supported by robust asset quality and resilient performance.

• Maintained market-leading balance sheet strength, with capital adequacy ratio at 15.2% and loan loss coverage at 129%.

• Digital banking and wealth management remain strategic pillars, with digital customers up 23% YoY and AUM up 74% YoY.

• Total assets stood at VND 1,190,454 billion as of 31 March 2026, with loans to customers at VND 796,864 billion.

Financial highlights

• Profit before tax reached VND 8.9 trillion (+23% YoY); net interest income grew 15% YoY; fee income surged 47% YoY; cost-to-income ratio improved to 28%.

• Non-performing loan (NPL) ratio remained low at 1.16%, with loan loss coverage at 129%.

• Return on assets (ROA) at 2.4% and return on equity (ROE) at 15.9% for the last twelve months.

• Provision expenses for credit losses decreased to VND 935 billion from VND 1,090 billion.

Outlook and guidance

• 2026 GDP growth forecast revised to 7%, with base case credit growth for the sector at 16%.

• Full-year NIM expected around 3.6%-3.7%, with profit before tax guidance of at least VND 37.5 trillion (+15% YoY).

• Cost of risk and NPLs expected to remain stable, with NPLs below 1.5%.