Joint Stock Commercial Bank For Investment And Development Of Vietnam · HOSE:BID
Joint Stock Commercial Bank For Investment And Development Of Vietnam — Bank for Investment and Development of Vietnam — H1 2025 Earnings Presentation
34 slides from Joint Stock Commercial Bank For Investment And Development Of Vietnam's earnings presentation, August 2025
Slide 1: BIDV 1H25 Results Update
Bank for Investment and Development of Vietnam (“BIDV”) 1H25 Results Update August 2025 0 RESTRICTED
Slide 2: Disclaimer
Disclaimer IMPORTANT: You must read the following before continuing. In accessing the attached summary information presentation (this “presentation”), you agree to be bound by the following terms and conditions. This presentation has been prepared by Bank for Investment and Development of Vietnam JS
Slide 3: Table of Contents
Table of Contents 1 Macroeconomic & Sector Overview 2 BIDV Financial Update 3 BIDV Overview 4 Company Highlights 5 Growth Targets Appendix: Financial Summary 2 RESTRICTED
Slide 4: 1. Macroeconomic & Sector Overview
1. Macroeconomic & Sector Overview 3 RESTRICTED
Slide 5: Vietnam has Been Enjoying Solid Top-tier Growth in the Region
Vietnam has Been Enjoying Solid Top-tier Growth in the Region Fastest growing economy in ASEAN-6 Growing income over the years Healthy retail sales growth after Covid 2Q25 Real GDP Growth (%) Vietnam GDP per Capita 2015-2024 (USDk) Vietnam retail sales growth (YoY) (%) 7,2% 4,7 4,3 60% 6,0% 4,2 5,3%
Slide 6: Public Investment Overtaking FDI to Become the Key Growth Driver for 2025-26
Public Investment Overtaking FDI to Become the Key Growth Driver for 2025-26 Trade activity continues to be strong Public investment key to drive 2025 growth Inflation broadly under control Vietnam trading volume (USD bn) Vietnam public investment (USD bn) Vietnam Inflation (%) 20 4 12 29 25 15 10 2
Slide 7: Strong Equity Market Momentum Supported by Positive Catalysts and Underlying Resilience
Strong Equity Market Momentum Supported by Positive Catalysts and Underlying Resilience VN-Index performance reflecting strong trust in Vietnam, with rapid recovery from prior tariff setbacks in April 2025 VN-Index performance – L2Y 02 Apr 2025: Liberation Day, US announced tariff on trade exports a
Slide 8: New Wave of Regulatory Reforms in Vietnam Unlocking Growth
New Wave of Regulatory Reforms in Vietnam Unlocking Growth Government-led regulatory reforms driving economic modernization, capital market upgrades and accelerated digital transformation Outlines Government’s strategic shift to empower the private sector by removing institutional bottlenecks, enh
Slide 9: Banking Sector Remains Resilient Amid Global Headwinds and Tariff Impact
Banking Sector Remains Resilient Amid Global Headwinds and Tariff Impact Improved asset quality since 2023; expected One of the highest NIMs across Southeast Resilient loan growth stability in 2025 Asian nations Gross customer loans (USD bn) NPL ratio (%) 2024 Net Interest Margin (%) Strong credit g
Slide 10: 2. BIDV Financial Update
2. BIDV Financial Update 9 RESTRICTED
Slide 11: BIDV: 1H25 Financial update
BIDV: 1H25 Financial update USD 115bn Total assets + 19% YoY Continued momentum and strong growth in total assets + 8% YTD Customer USD 84bn + 16% YoY Loan book grew +16% YoY led by momentum in retail lending underpinned by competitive pricing Loans + 6% YTD Customer USD 80bn Healthy deposit g
Slide 12: Resilient Operating Metrics
Resilient Operating Metrics BIDV Industry average1 Cost-to-Income Ratio Net Interest Margin 37% 36% 3,9% 4,0% 3,7% 3,9% 3,4% 3,5% 34% 36% 34% 33% 2,5% 2,5% 2,4% 2,3% 2,2% 32% 35% 2,2% 33% 33% 32% 31% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Cost Of Funds Credit Cost2 4,2% 3,9% 3,9
Slide 13: 3. BIDV Overview
3. BIDV Overview 12 RESTRICTED
Slide 14: BIDV: Vietnam's National Banking Champion
BIDV: Vietnam’s National Banking Champion Key Statistics Shareholding Structure As of 30 June 2025 Bank in Vietnam by Total assets One of the Big 4 State-owned Commercial Banks #1 Gross loans State Bank of 79.56% Customer deposits Supported by largest nationwide network1 Vietnam Retail loans
Slide 15: First Bank Established in Vietnam with Close to 70 Years of Heritage
First Bank Established in Vietnam with Close to 70 Years of Heritage Enhancing capital strength and expanding foreign investor base through a successful private placement in early 2025 Establishment & Post IPO: Growth & Transformation Introduction of Foreign Strategic Investor Equitization Phase For
Slide 16: Key Business Segments
Key Business Segments A Retail banking B Corporate banking C SME banking USD 84bn Gross loans (1H2025) Loan 20% Mix1 49% 31% ~25m ~112k ~400k Retail customers Corporate customers SME customers #1 #1 #1 By retail customers in Vietnam By corporate customers in Vietnam By SME customers in Vietnam Corpo
Slide 17: 4. Company Highlights
4. Company Highlights 16 RESTRICTED
Slide 18: Key Highlights
Key Highlights 1 #1 Retail Franchise in Vietnam 2 Exceptional Corporate & SME Segment Coverage Largest Deposit Base in Vietnam with Comprehensive Distribution Network and 3 Proven Digital Track Record 4 Comprehensive Offerings and Financial Ecosystem Supporting Non-Interest Income 5 Fortress Balance
Slide 19: #1 Retail Franchise in Vietnam
1 #1 Retail Franchise in Vietnam Undisputed #1 retail banking franchise Strategy to shift into higher profitability retail business 1H25 retails loans1 (USD bn) Overall Loan Mix by Customers Retail Loan Mix #1 100,0% 1% 40.8 90,0% 20% 80,0% 32% 28% 34% 70,0% High quality & stable mortgage 60,0% 2019
Slide 20: #1 Retail Franchise in Vietnam (cont'd)
1 #1 Retail Franchise in Vietnam (cont’d) Retail banking transformation and strategies to maintain #1 position by leveraging competitive advantages and forward-looking technology 1 Segmentation-led growth 2 Omnichannel distribution expansion Targeting 3 priority segments: Mass, Mass Affluent, Prem
Slide 21: Exceptional Corporate & SME Segment Coverage
2 Exceptional Corporate & SME Segment Coverage Corporate banking SME banking >112k >USD 3bn ~400k ~40% Corporate Green credit SME Of SMEs in Vietnam customers extended customers bank with BIDV Competitive scale advantage leveraging corporates’ value chain One of BIDV’s key focus segment Selectivel
Slide 22: Largest Deposit Base in Vietnam with Comprehensive Distribution Network
3 Largest Deposit Base in Vietnam with Comprehensive Distribution Network and Proven Digital Track Record #1 physical distribution network1 in Vietnam Diversified and stable funding Covering all provinces in Vietnam; Mobilized capital (1H25) Customer deposits mix (2024) ~40% of branches located in H
Slide 23: Proven Digital Track Record (cont'd)
3 Largest Deposit Base in Vietnam with Comprehensive Distribution Network and Proven Digital Track Record (cont’d) Continued efforts to focus on digital transformation Launched BIDV iBank – Launched BIDV Digital Deployed first Private electronic banking Transformation Launched BIDV Omni Cloud system
Slide 24: Comprehensive Offerings and Financial Ecosystem Supporting Non-Interest Income
4 Comprehensive Offerings and Financial Ecosystem Supporting Non-Interest Income Recovery in 2023 and 2024 of net fee income Diversified and balanced product offerings Net fee income (USD m) Net fee income breakdown (1H25) As % of total Partnerships with major Domestic/ International 8% 9% 9% 9% 1
Slide 25: Fortress Balance Sheet
5 Fortress Balance Sheet NPL remains controlled despite market trend NPL coverage remains high NPL1 Ratio NPL Coverage Ratio (1H25) 2,40% 3 2,16% 214% 1,90% 1,93% 2 1,68% 1,98% 135% 1,89% 2 107% 89% 89% 76% 75% 1,41% 1 1,19% 1,25% 65% 52% 47% 1 2022 2023 2024 1Q25 1H25 0 BIDV Industry Sustained impr
Slide 26: 5. Growth Targets
5. Growth Targets 25 RESTRICTED
Slide 27: BIDV Targets
BIDV Targets VISION Top 100 Banks in Asia Leading Bank in Southeast Asia Best Digital Platform in Vietnam Become #1 bank in terms of customer base, total assets, lending, deposits, total operating income, PBT, Scale network coverage and business ecosystem Asset quality Strengthen asset quality and e
Slide 28: Shareholding Structure & Capital Raising Plan
Shareholding Structure & Capital Raising Plan In the first quarter of 2025, with HSBC&SSI as Joint Bookrunners, BIDV successfully completed a private placement of 123.8 million shares to Dragon Capital and SCIC. In 2025, AGM approved the capital raising plan to increase its charter capital by issu
Slide 29: Conclusion
Conclusion Successful Retail Overhaul alongside a Vietnam’s Banking Leader Robust Corporate & SME Customer base Poised for Profitability Growth Boosting efficiency through digital With Technology-driven Expansion transformation and improved human capital 28 RESTRICTED
Slide 30: Appendix. Financial Summary
Appendix. Financial Summary 29 RESTRICTED
Slide 31: Financial Summary (1/2)
Financial Summary (1/2) (USD million) Income Statement 2020 2021 2022 2023 2024 20-24 CAGR Net interest income 1,377 1,801 2,152 2,159 2,231 13% Net fee & commission income 203 254 217 253 272 8% Total operating income 1,925 2,404 2,672 2,808 3,118 13% Operating expense (680) (749) (874) (965) (1,07
Slide 32: Financial Summary (2/2)
Financial Summary (2/2) (USD million) 2Q25 1H25 Income Statement 2Q24 3Q24 4Q24 1Q25 2Q25 1H24 1H25 vs 2Q24 vs 1H24 Net interest income 571 538 601 536 577 1,092 1,113 1% 2% Net fee & commission income 75 57 76 59 73 140 132 3% (6%) Total operating income 778 664 1016 688 850 1,438 1,538 9% 7% Opera
Slide 33: Formulas
Formulas Indicators Formula Provision for credit losses on loans to customers NPL coverage ratio NPL balance Provision expenses for credit losses Credit cost Average gross loans (open and ending balances) Net interest income on interest earning assets Net interest margin (NIM) Average interest earni
Slide 34: Thank you
Thank you 33 RESTRICTED
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