Joint Stock Commercial Bank For Foreign Trade Of Vietnam · HOSE:VCB
Joint Stock Commercial Bank For Foreign Trade Of Vietnam — Vietcombank — Q1 2026 Earnings Presentation
20 slides from Joint Stock Commercial Bank For Foreign Trade Of Vietnam's earnings presentation, May 2026
Slide 1: Investors Presentation 1Q2026 Financial Results
Investors Presentation 1Q2026 Financial Results May 2026
Slide 2: Economic Updates
Economic Updates
Slide 3: Q1 GDP growth reached 7.83%, highest first-quarter growth since 2019
ECONOMIC UPDATES Q1 GDP growth reached 7.83% — the highest first-quarter growth rate since 2019 GDP Growth (% yoy) 16% 13,7% 12% 10,0% 7,1% 6,6% 6,7% 6,9% 7,5% 8% 5,1% 3,2% 3,4% 4% 7,0% 7,9% 7,8% 6,0% 0% -4% 20 Q 1 4 2 3 4 F 20 Q1 2 20 4 3 2 3 1 1 4 20 Q1 20 Q1 20 Q1 2 3 4 4 4 2 2 2 3 3 3 1 Q Q Q Q
Slide 4: Strong Credit Growth Remained the Key Driver of Economic Activity
ECONOMIC UPDATES Strong Credit Growth Remained the Key Driver of Economic Activity Credit growth Deposit growth (% ytd) (% ytd) 20% 19,10% 16% 14,00% 2024 2025 2026 2024 2025 2026 16% 12% 12% 8% 8% 3,18% 4% 0,42% 4% 0% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Au
Slide 5: Financials Review
Financials Review
Slide 6: Key Highlights: Robust Loan Growth Backed by Resilient Funding and Stable Asset Quality
OPENING REMARKS Key Highlights: Robust Loan Growth Backed by Resilient Funding and Stable Asset Quality Makes Room for Bottom Line Expansion Deposits(2) PBT 3M Credit(1) 1,711 0.7% 11.803 9% 1,762 4.8% VNDtn ytd VNDbn yoy VNDtn ytd LLCR(1) CAR(3) NPL(1) 178% 11.14% 0.99% vs. 11.7% vs. 0.97% vs. 174%
Slide 7: Strong Credit Expansion with Main Contribution from Corporate Portfolio
FINANCIALS REVIEW Strong Credit Expansion with Main Contribution from Corporate Portfolio Loans Breakdown by Customer Corporate Loans Breakdown Individual Loans Breakdown (%) (%) (%) 12,5% 15,5% 7,4% 5% 6% 6% 4% 4% 4,9% 1,2% 19% 19% 20% 20% 22% 21% 21% 22% 20% 22% 43% 45% 45% 30% 39% 39% 38% 37% 34%
Slide 8: Asset Quality Sustained while Maintaining Prudent Provision Policy
FINANCIALS REVIEW Asset Quality Sustained while Maintaining Prudent Provision Policy and Strong Loan Loss Buffer Provision Expenses (Cumulative) Credit Cost (Cumulative) (VNDbn) (%) 3.192 0,6% 2.493 2.338 1.562 0,2% 0,2% 0,2% 0,2% 752 2025Q1 2025Q2 2025Q3 2025 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026
Slide 9: Superior Funding Position Confirmed with Rising NIM despite Market Downward Pressure
FINANCIALS REVIEW Superior Funding Position Confirmed with Rising NIM despite Market Downward Pressure Strong CASA Maintained Supporting Cost of Fund Loan Yields Improved Thanks to Enhance Loan Mix (VNDbn) (%) 6,4% 1.682.032 5,6% 5,6% 5,7% 5,9% 1.672.534 1.586.683 1.611.967 1.509.113 5,2% 4,7% 4,7%
Slide 10: Stronger Interest Income and Stabilized Non-interest Income Supported Bottom Line
FINANCIALS REVIEW Stronger Interest Income and Stablized Non-interest Income Supported Bottome Line Income structure of 1Q2026 (VNDbn) +857 21.180 -6.884 +2.672 17.651 -2.493 11.803 NII NFI Others TOI Opex Provisions PBT +29% yoy given -8.3% yoy mostly strong credit growth due to weaker FX Opex incr
Slide 11: Non-Interest Income and OPEX Structure
FINANCIALS REVIEW Non-Interest Income and OPEX Structure Non-Interest Income Structure (Cumulative) Operating Expenses (Cumulative) (VNDbn) (VNDbn) 25.243 13.683 15% yoy 10.681 26% yoy 17.715 +10% -40% 24% 26% 13% 7.286 11.677 +15% +29% 24% 25% 45% 13% 46% 6.884 +26% 3.578 3.529 -17% 5.652 25% 54% 1
Slide 12: ESG highlights
ESG PRACTICES ESG highlights In Q1/2026, VCB’s Sustainability Committee was established to promote and oversee ESG initiatives. Toward Basel III 1,450 CSR Continuous effort in social In March 2026, Vietcombank tonnes of CO2 equivalent pioneered in applying Standardized security contribution GHG emis
Slide 13: Key Ratios
FINANCIALS REVIEW Key Ratios Quality 3M25 6M25 9M25 2025 3M26 Loans to deposits 97% 98% 101% 100% 104% Loan loss reserve coverage (Provision/NPL)1 216% 214% 202% 174% 178% NPL ratio1 1.03% 1.00% 1.03% 0.97% 0.99% CAR2 12.5% 12.0% 11.5% 11.7% 11.1% Credit Cost 0.21% 0.21% 0.20% 0.20% 0.58% Profitabil
Slide 14: Q&A Session
Q&A Session 1Q 2026 Financial Results Send questions by scanning this QR Code 14
Slide 15: Annexes: Financial Statements
Annexes: Financial Statements
Slide 16: Historical Balance sheet (VND)
Historical Balance sheet (VND) FY ended 31 Dec (Figures in VND bn) 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Cash and cash equivalents 12,916 12,950 13,158 14,268 13,713 14,790 12,910 15,543 12,931 Balances with SBV 37,837 35,736 13,749 49,340 28,021 37,686 56,577 37,446 17,957
Slide 17: Historical Balance sheet (USD)
Historical Balance sheet (USD) FY ended 31 Dec (Figures in USD m) 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Cash and cash equivalents 538 534 546 586 552 590 513 619 515 Balances with SBV 1,576 1,473 571 2,028 1,128 1,504 2,246 1,491 715 Current accounts, deposits and 11,386 13,
Slide 18: Historical Income statement (VND)
Historical Income statement (VND) (Figures in VND bn) FY ended 31 Dec 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Interest income 24,020 46,882 70,074 93,655 24,575 49,799 76,506 105,119 32,092 Interest expenses (9,942) (18,897) (28,510) (38,249) (10,888) (21,952) (34,001) (46,445
Slide 19: Historical Income statement (USD)
Historical Income statement (USD) (Figures in USD m) FY ended 31 Dec 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Interest income 1,001 1,932 2,908 3,849 989 1,988 3,038 4,185 1,278 Interest expenses (414) (779) (1,183) (1,572) (438) (876) (1,350) (1,849) (575) Net interest income
Slide 20: Company Disclaimer
Company Disclaimer • This presentation does not constitute a prospectus or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or any offer to underwrite or otherwise acquire any shares in VCB or any other securities, nor shall they o