Vietnam Maritime Commercial Joint Stock Bank · HOSE:MSB
Vietnam Maritime Commercial Joint Stock Bank — Q1 2026 Earnings Presentation
25 slides from Vietnam Maritime Commercial Joint Stock Bank's earnings presentation, May 19, 2026
Slide 1: Quarter 1 2026 Investor Presentation
QUARTER 1 | 2026 INVESTOR PRESENTATION Hanoi - May 2026 For more information about MSB, please visit: https://www.msb.com.vn/en/
Slide 2: MSB Meeting Host
MSB MEETING HOST Ms. Nguyen Thi Thu Hang Head of Financial Management Mr. Nguyen Tien Duc Chief Risk Officer Mr. Trinh Quang Anh Head of Economic Research 2
Slide 3: Table of Content
01 MSB – Q1 HIGHLIGHTS TABLE OF 02 BUSINESS PLAN CONTENT 03 Q&A 04 APPENDIX
Slide 4: MSB – Q1 Highlights
01 01 MSB – Q1 Highlights MSB – Q1 Highlights MSB holds the belief that businesses cannot sustain themselves solely by focusing on immediate short-term objectives, disregarding the long-term implications for the environment, society, and the overall welfare of relevant parties. This brings higher li
Slide 5: Q1 2026 Financial Highlights
Q1 2026 FINANCIAL HIGHLIGHTS MSB’s business performance in Q1/2026 was positive amid significant pressure in the banking market • Achieved ~24% of the 2026 plan Profit before USD 75.29mn tax USD 64.98mn - Q1/2025 • Increased 16% compared with the same period of 2025 by strong net interest income gro
Slide 6: Structure of Total Assets and Capital Sources
STRUCTURE OF TOTAL ASSETS AND CAPITAL SOURCES Customer loans continued to grow – Funding sources were optimized Funding base continued to expand, with customer deposits Customer lending drIve total asset growth (USD mn) remaining the core foundation (USD mn) % QoQ % YoY Customer deposit Interbank Va
Slide 7: Credit Growth Accelerates Strongly
CREDIT GROWTH ACCELERATES STRONGLY Credit growth was led by RB and LC, with a higher share of secured loans Customer loans by segment (USD mn) Customer loans by tenor (USD mn) % QoQ % YoY % QoQ % YoY Short-term Intermediate-term Long-term Individuals SMEs LC, LMC 8,553 ▲ 4.6% ▲ 11.6% 8,553 ▲ 4.6% ▲
Slide 8: Loan Book Breakdown by Business Sector
LOAN BOOK BREAKDOWN BY BUSINESS SECTOR MSB’s loan portfolio shows a high level of diversification, with a focus on retail and core economic sectors MSB loan book breakdown Retail loan portfolio by product Balanced and diversified loan portfolio Low real estate exposure 14% 5.04% 10.16% Real estate l
Slide 9: CASA – Maintaining Its Position Among Leading Banks
CASA – MAINTAINING ITS POSITION AMONG LEADING BANKS IN THE MARKET MSB’s CASA ratio remains among the market leaders, supported by a clear strategy CASA ratio of MSB compared with joint-stock commercial banks CASA breakdown by sources % YoY ▼ 10.5% ▲ 32.8% ▲ 64.3% 33% 33% % QoQ ▼ 0.9% ▼ 8.9% ▼ 14.2%
Slide 10: MSB's Pre-Tax Profit Increased 16% YoY
MSB’S PRE-TAX PROFIT INCREASED 16% YoY Core business growth played a key role, with net interest income increasing by 27.7% YoY Q1 2026 earnings breakdown (USD mn) Q1 2025 earnings breakdown (USD mn) 14 17 50 8 10 50 16 20 101 127 82 95 66 75 Net interest Net service Other income Operating Operating
Slide 11: Non-Interest Income Slowed QoQ
NON-INTEREST INCOME SLOWED QoQ IN LINE WITH THE BUSINESS CYCLE Non-interest income from LC and FX was affected by global market volatility Non-interest income breakdown – Q1 2026 (USD mn) Net income from FX activities – Quarterly data (USD mn) 11 Others 0.1 10 10 Cards 0.4 Bancassurance 2 5 L/C & Ca
Slide 12: MSB Maintained Stable NIM Amid Market Volatility
MSB MAINTAINED STABLE NIM AMID MARKET VOLATILITY NIM remained relatively stable as the whole sector faced pressure from rising funding costs and the State Bank of Vietnam’s guidance to lower lending rates Net interest income (NII) – Quarterly data (USD mn) Funding cost and net interest margin (NIM)¹
Slide 13: Profit Before Tax Increased 16% YoY
PROFIT BEFORE TAX INCREASED 16% YoY CIR improved thanks to the efficiency of digitalization projects TOI (USD mn) Profit before tax and profitability efficiency RoAE RoAA Profit before tax (USD mn) % YoY 141 153 145 131 135 15.54% 13.65% 13.95% 14.04% 14.14% ▲ 12% 1.82% 1.60% 1.62% 1.59% 1.55% 91 Q1
Slide 14: Risk Management Indicators Under Control and Compliant
RISK MANAGEMENT INDICATORS UNDER CONTROL AND COMPLIANT Asset quality strengthened with higher CAR and lower NPL LDR1 and Statutory medium & long-term loans Loan loss provision (USD mn) MTLT LDR Provision for Credit loss Coverage ratio LDR 85% 59.6% 55.6% 53.7% 51.61% 79.09% 51.64% 73.91% 71.31% 61.9
Slide 15: TNEX Finance – Leading Digital Finance Platform
TNEX FINANCE – LEADING DIGITAL FINANCE PLATFORM TNEX Finance is growing strongly, creating outstanding value and contributing to MSB’s long-term strategy Q1.2026 BUSINESS PERFORMANCE HIGHLIGHTS 2026 GROWTH TARGETS OPERATING EFFICIENCY TOTAL CUSTOMER PROFIT Indicators 2025 2026 Target EQUITY NII ASSE
Slide 16: Business Plan
02 01 MSB – Q1 Highlights Business Plan MSB holds the belief that businesses cannot sustain themselves solely by focusing on immediate short-term objectives, disregarding the long-term implications for the environment, society, and the overall welfare of relevant parties. This brings higher living M
Slide 17: 2026 Plan
2026 ’Plan Q1 completed 24% of the full-year profit before tax plan Plan Completion # Metrics Unit 2026’s Plan 2026’s Actual Rate 1 Total assets VND bn 460,000 412,911 90% 2 Deposits from customers and valuable papers VND bn 280,000 227,668 81% Outstanding credit (including corporate loans, retail 3
Slide 18: Discussion
03 01 MSB – Q1 Highlights MSB holds the belief that businesses cannot sustain themselves solely by focusing on Discussion immediate short-term objectives, disregarding the long-term implications for the environment, society, and the overall welfare of relevant parties. This brings higher living MSB
Slide 19: Appendix
04 01 MSB – Q1 Highlights MSB holds the belief that businesses cannot sustain themselves solely by focusing on APPENDIX immediate short-term objectives, disregarding the long-term implications for the environment, society, and the overall welfare of relevant parties. This brings higher living MSB ho
Slide 20: Impressive GDP, with Credit Growth Driving the Economy
IMPRESSIVE GDP, WITH CREDIT GROWTH DRIVING THE ECONOMY GDP in Q1/26 increased by 7.83%, higher than 7.07% in the same period of 2025. GDP Driven by the recovery of industry and services. IPP increased by 9%, higher than the same period of 2025 (8.3%) System-wide credit was estimated at over US
Slide 21: MSB Key Highlights
MSB KEY HIGHLIGHTS MSB SHORTENS THE LOAN PROCESS FOR SMALL ENTERPRISES MSB shortens the loan process, particularly for small enterprises, to 8 working hours through an integrated “2 in 1” 01 approval flow. This solution enables the bank to process loan needs of both the enterprise and the business o
Slide 22: Appendix – Financial Data
APPENDIX – FINANCIAL DATA Consolidated income statement Financial indicators VND bn 2023 2024 2025 Q1.2026 2023 2024 2025 Q1.2026 Growth Rate Net Interest Income 9,189 10,243 10,947 3,198 Total operating income (TOI) 14.64% 15.98% (1.22%) 12.02% Net fee and commission income 1,597 1,
Slide 23: Appendix – Financial Data
APPENDIX – FINANCIAL DATA Balance sheet summary Financial indicators VND bn 2023 2024 2025 Q1.2026 2023 2024 2025 Q1.2026 Cash, gold and gemstones 940 1,203 1,459 1,961 Growth rate (YoY) (YtD) Balances with SBV 4,589 5,495 9,820 5,325 Total assets growth 25.5% 19.9% 27.3% 1.3% Balances
Slide 24: Thank You!
Thank You! Investor Relations Department Location: 29th Floor, Rox Tower, 54A Nguyen Chi Thanh, Ha Noi Tel: (024) 3 771 89 89 Fax: (024) 3 771 88 99 Email: ir@msb.com.vn
Slide 25: Disclaimer
DISCLAIMER The information contained in this presentation is provided solely for the purpose of referencing historical data and must not be used for any other purpose. Furthermore, nothing in this presentation constitutes an offer, invitation, or recommendation to sell or issue, or any form of solic
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