Vietnam Technological and Commercial Joint Stock Bank (TCB) Q3 2025 earnings summary

Executive summary

• Achieved record pre-tax profit (PBT) in Q3 2025, with VND 8.3T for the quarter and VND 23.4T for 9M25, marking the strongest quarter in history.

• Total assets reached VND 1,129,570,458 million as of 30 September 2025, up from VND 978,798,549 million at year-end 2024, reflecting robust growth in loans and deposits.

• Maintained robust return on assets, high capital adequacy ratio (CAR) at 15.8%, and strong asset quality.

• Digital banking and e-banking transactions grew, with a 25% increase in retail e-banking customers year-over-year.

• Shareholders' equity rose to VND 179,430,593 million, supported by retained earnings and increased non-controlling interests.

Financial highlights

• Total operating income (TOI) for 9M25 reached VND 38.6T, up 3.1% year-over-year; Q3 PBT rose 14.4% year-over-year.

• Net interest income for 9M25 was VND 27.4T, up 1.7% year-over-year; net fees and commission income reached VND 6,201,060 million.

• Provision expenses for credit losses decreased to VND 3,603,061 million from VND 3,964,450 million year-over-year.

• Loans to customers increased to VND 766,709,929 million, up from VND 631,724,964 million at year-end 2024.

• Deposits from customers grew to VND 595,086,941 million, compared to VND 533,392,350 million at year-end 2024.

Outlook and guidance

• Vietnam GDP growth forecast at 7.7% for 2025, with strong domestic consumption and FDI inflows.

• Credit growth quota at 18.4%, with potential for increase; NIM expected around 3.8% for 2025, below 2024's 4.2%.

• CIR to remain between 30%-35%; NPL ratio to stay below 1.3%.

• Credit costs projected to decline further in 2025.

• Profit distribution to comply with Decree No. 135, prioritizing capital and financial reserves.