Joint Stock Commercial Bank For Foreign Trade Of Vietnam · HOSE:VCB
Joint Stock Commercial Bank For Foreign Trade Of Vietnam — Vietcombank — H1 2026 Earnings Presentation
20 slides from Joint Stock Commercial Bank For Foreign Trade Of Vietnam's earnings presentation, August 2026
Slide 1: Investors Presentation 1H2026 Financial Results
Investors Presentation 1H2026 Financial Results Aug 2026
Slide 2: Opening Remarks
Opening Remarks
Slide 3: Key Highlights: Strong Core Business Growth Continued to Drive Robust Bottom-Line Performance in Q2/2026
OPENING REMARKS Key Highlights: Strong Core Business Growth Continued to Drive Robust Bottom-Line Performance in Q2/2026 Deposits(2) PBT 6M Credit(1) 1,768 4% 29.222 33% 1,765 5.0% VNDtn ytd VNDbn yoy VNDtn ytd LLCR(1) CAR(3) NPL(1) 182% 11.64% 0.98% vs. 11.7% vs. 0.97% vs. 174% (31/12/2025) (31/12/
Slide 4: Economic Updates
Economic Updates
Slide 5: Macroeconomic highlights in 2Q2026
ECONOMIC UPDATES Macroeconomic highlights in 2Q2026 GDP GROWTH 2Q2026 GDP growth of 8.39% YoY, bringing 1H2026 growth to 8.18%, demonstrates the 1 8.39% Government strong determination to meet the full-year target of 10%. INFLATION (CPI) Average CPI in 1H2026 increased by 4.38% YoY, comfortably belo
Slide 6: Vietnam Banking Sector Sustained Positive Growth Trajectory in Q2/2026
ECONOMIC UPDATES Vietnam Banking Sector Sustained Positive Growth Trajectory in Q2/2026, Driven by Credit Expansion and Resilient Quality Credit growth Deposit growth (% ytd) (% ytd) 20% 19.1% 16% 14.0% 2024 2025 2026 2024 2025 2026 16% 12% 12% 8% 8% 7.7% 5.4% 4% 4% 0% 0% Jan Feb Mar Apr May Jun Jul
Slide 7: Financials Review
Financials Review
Slide 8: Customer Loan Growth Maintained Momentum, Supported by Corporate Lending and Portfolio Optimization
FINANCIALS REVIEW Customer Loan Growth Maintained Momentum, Supported by Corporate Lending and Portfolio Optimization Loans Breakdown by Customer Corporate Loans Breakdown Individual Loans Breakdown (%) (%) (%) 15.5% 12.5% 2% 2% 2% 2% 2% 7.4% 4.9% 5.1% 6% 6% 4% 4% 3% 19% 20% 20% 22% 23% 21% 22% 20%
Slide 9: Asset Quality Remained Resilient, Supported by Prudent Risk Management and Strong Provision Buffers
FINANCIALS REVIEW Asset Quality Remained Resilient, Supported by Prudent Risk Management and Strong Provision Buffers Provision Expenses (Cumulative) Credit Cost (Cumulative) (VNDbn) (%) 3,192 0.6% 2,996 2,493 2,338 0.3% 1,562 0.2% 0.2% 0.2% 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2025Q2 2025Q3 2025Q4 20
Slide 10: Strong Liquidity and Diversified Funding Sources Reinforced Financial Resilience and NIM Recovery
FINANCIALS REVIEW Strong Liquidity and Diversified Funding Sources Reinforced Financial Resilience and NIM Recovery Strong CASA Maintained Supporting Cost of Fund Loan Yields Improved Thanks to Enhance Loan Mix (VNDbn) 7.1% (%) 1.728.821 6.4% 1.672.534 1.682.032 5.9% 1.586.683 1.611.967 5.6% 5.7% 5.
Slide 11: Strong Core Income Growth Drove Robust Earnings Performance in Q2/2026
FINANCIALS REVIEW Strong Core Income Growth Drove Robust Earnings Performance in Q2/2026 Income structure of 2Q2026 (VNDbn) Accumulated Quarter only 4.916 47,551 15.333 5.843 4,059 36,793 - 3,171 - 8,449 26,372 2.996 29,222 19,142 503 - 17,420 - - NII NFI Others TOI Opex Provisions PBT +32% YoY, dri
Slide 12: Non-Interest Income and OPEX Structure
FINANCIALS REVIEW Non-Interest Income and OPEX Structure Non-Interest Income Structure (Cumulative) Operating Expenses (Cumulative) (VNDbn) (VNDbn) 13,683 25,243 10,681 26% 10,759 15% 17,715 yoy 26% yoy 7,286 46% 24% 15,333 +9% +45% 13% 25% 45% 12% 11,677 +17% 46% +171% 24% 3,529 13% 27% 50% 36% +41
Slide 13: ESG Highlights
ESG Highlights VCB VNSI INCLUSION — 4TH CONSECUTIVE YEAR Vietcombank named to HOSE's Top 20 VNSI (Vietnam Sustainability Index) constituents, effective August 3, 2026 Marking four straight years in the index E Environment S Social G Governance • Green credit portfolio: VND 42,600 • Preferential inte
Slide 14: Key Ratios
FINANCIALS REVIEW Key Ratios Quality 6M25 9M25 2025 3M26 6M26 Loans to deposits 98% 101% 100% 104% 102% Loan loss reserve coverage (Provision/NPL)1 214% 202% 174% 178% 182% NPL ratio1 1.00% 1.03% 0.97% 0.99% 0.98% CAR2 12.0% 11.5% 11.7% 11.1% 11.6% Credit Cost 0.21% 0.20% 0.20% 0.58% 0.35% Profitabi
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) 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 Cash and cash equivalents 12,950 13,158 14,268 13,713 14,790 12,910 15,543 12,931 14,602 Balances with SBV 35,736 13,749 49,340 28,021 37,686 56,577 37,446 17,957 73,064
Slide 17: Historical Balance sheet (USD)
Historical Balance sheet (USD) FY ended 31 Dec (Figures in USD m) 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 Cash and cash equivalents 534 546 586 552 590 513 619 515 581 Balances with SBV 1,473 571 2,028 1,128 1,504 2,246 1,491 715 2,908 Current accounts, deposits and 13,050 13,
Slide 18: Historical Income statement (VND)
Historical Income statement (VND) (Figures in VND bn) FY ended 31 Dec 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 Interest income 46,882 70,074 93,655 24,575 49,799 76,506 105,119 32,092 68,565 Interest expenses (18,897) (28,510) (38,249) (10,888) (21,952) (34,001) (46,445) (14,44
Slide 19: Historical Income statement (USD)
Historical Income statement (USD) (Figures in USD m) FY ended 31 Dec 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 Interest income 1,932 2,908 3,849 989 1,988 3,038 4,185 1,278 2,729 Interest expenses (779) (1,183) (1,572) (438) (876) (1,350) (1,849) (575) (1,265) Net interest incom
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