36 slides from Vietnam Technological & Commercial Joint Stock Bank's earnings presentation, Jul 22, 2026
Slide 1: Techcombank 6M26 Earnings Call
Techcombank 6M26 Earnings Call Hanoi, 22 July 2026 1
Slide 2: Agenda
Section Section 01 H i g h l i g h ts 02 E co n o m i c U p d a te Section Section 03 Fi n a n c i a l R e s u l ts 04 2 0 2 6 O u tl o o k 2
Slide 3: Highlights
6M26 Earnings Call Section 01 Highlights 3
Slide 4: Strong Earnings Momentum Backed by Balance Sheet Strength
01 Highlights Strong Earnings Momentum Backed by Balance Sheet Strength Sustained earnings growth Solid capital, sound asset quality 2Q26 6M26 14.3% YTD Credit growth1 TOI (VND) 14.9 Tn 28.6 Tn vs. 10.6% in 6M25 125.5% Coverage ratio TOI YoY growth 17.3% 17.5% Asset Quality 1.15% vs. 106.4% in 6M25
Slide 5: Economic Update
6M26 Earnings Call Section 02 Economic Update 5
Slide 6: Macroeconomic and Industry Updates
Macroeconomic and Industry Updates 02 Economic Update Cautious credit growth target as the SBV maintains Resilient GDP growth in 6M26 despite geopolitical headwinds a prudent stance to manage risks 8.51% YTD 8.4% Banking system’s credit growth 2Q26 GDP growth rate vs. 9.9% in 6M25 vs. 8.2% in 2Q25 5
Slide 7: Financial Results
6M26 Earnings Call Section 03 Financial Results 7
Slide 8: Broad-Based Revenue Growth Drives Record Quarterly PBT
03 Financial Results Broad-Based Revenue Growth Drives Record Quarterly PBT ▪ Record quarterly PBT, up 22.4% YoY, driven by robust revenue growth and lower credit provisions ✓ NII expanded 16.3% YoY, benefiting from infrastructure lending and mix optimization toward higher-yield assets ✓ NFI surged
Slide 9: Wealth Bank: Strong Franchise Momentum Despite Market Headwinds
Financial Results Wealth Bank: Strong Franchise Momentum Despite Market Headwinds ▪ 2Q26 TOI regained strong QoQ momentum particularly for distribution services, underscoring the resilience of the Bank’s diversified fee income model and differentiated wealth management franchise ▪ Both AUM and afflu
Slide 10: Digital Bank: Strong Engagement Driving Structural Operating Efficiency
Financial Results Digital Bank: Strong Engagement Driving Structural Operating Efficiency ▪ Customer acquisition and transaction flow contribution continued to strengthen, highlighting the quality and scalability of TCB’s digital ecosystem ▪ TOI grew 28% YoY on the back of robust growth momentum fro
Slide 11: Asset Yields Improved on Favorable Portfolio Dynamics
Asset Yields Improved on Favorable Portfolio Dynamics 03 Financial Results ▪ Portfolio optimization and asset repricing lifted asset yields to 8.1%, supporting quarterly NIM recovery despite a higher cost of funds ▪ Funding growth remained healthy amid heightened pricing competition, underscoring th
Slide 12: Multiple Growth Engines Driving Credit Expansion
03 Financial Results Multiple Growth Engines Driving Credit Expansion ▪ Credit growth accelerated across both retail and corporate segments in 2Q26 ▪ A greater share of short-term loans contributed to a more balanced portfolio mix and improved balance-sheet flexibility Credit mix1 (VND Tn) Loan mix
Slide 13: Well Positioned to Capture Credit Demand Across the Economy
03 Financial Results Well Positioned to Capture Credit Demand Across the Economy ▪ Retail demand remained robust, particularly in higher-yield segments, with unsecured lending up 40% and SME up 28% YTD ▪ In Corporate credit, construction credit grew 56.3% YTD to VND 41.3 trillion, on the back of acc
Slide 14: Housing Demand Remains Intact
Housing Demand Remains Intact 03 Financial Results Techcombank Mortgage Prepayment & Disbursement (VND Tn) New mortgage loan disbursements in 2Q26 were lower than in 1Q26 due to: ▪ RE market recovery remained selective, with project launches improving but Pre-payment (VND Tn) converting unevenly int
Slide 15: Industry-Leading Deposit Franchise
Industry-Leading Deposit Franchise 03 Financial Results ▪ CASA ratio improved to 38.3%, supported by an 8% QoQ increase in CASA balances ▪ Transaction banking momentum on the corporate side helped offset the impact of elevated deposit rates on retail CASA Mobilizing from customers by type (VND Tn) C
Slide 16: Fee Income Scaling Across Core Businesses
Fee Income Scaling Across Core Businesses 03 Financial Results ▪ IB exhibited a strong recovery in 2Q26, with fee income increasing 82.9% QoQ driven by bond advisory and distribution activities ▪ Triple-digit YoY insurance growth was enabled by Techcom Life’s full rollout, while LC fees accelerated
Slide 17: Ecosystem Expansion to Deepen Customer Engagement and Drive Growth
03 Financial Results Ecosystem Expansion to Deepen Customer Engagement and Drive Growth Expanded merchant acquisition through T-Shop's digital platform Techcom Life extends customer value through market-leading protection solutions Strengthening market leadership • #1 in banca with 21% market share1
Slide 18: Efficient Cost Management with CIR sustained at ~30%
Efficient Cost Management with CIR sustained at ~30% 03 Financial Results ▪ The increase in operational costs reflected continued investments in technology, human resources, as well as marketing cost for customer acquisition and engagement initiatives ▪ Disciplined cost management kept CIR at 30.9%
Slide 19: Strong Asset Quality Anchored by Disciplined Risk Management
03 Financial Results Strong Asset Quality Anchored by Disciplined Risk Management ▪ NPL edged down to 1.15% from 1.16% in the previous quarter, underscoring the Bank's leading asset quality position in the sector ▪ Credit cost (net of recoveries) remained at 0.4%, well below industry average ▪ Cover
Slide 20: Credit Cost Deep-dive
03 Financial Results Credit Cost Deep-dive B2 CIC impacts ▪ Asset quality remained broadly stable, with loan upgrades and debt Own book 77 recoveries continuing to largely offset new B2 and NPL formation 2,810 8 (664) 783 69 (482) (4) 2,027 (1,145) (1,267) (6) 5,442 5,641 (266) (1,270) 1,250 (273) 1
Slide 21: Capital and Liquidity Provide Capacity for Continued Growth
03 Financial Results Capital and Liquidity Provide Capacity for Continued Growth ▪ Basel II CAR was held at a sector-leading 15.0%, including impact from ~VND 5.0 trillion cash dividend payment in June ▪ The LDR improved marginally to 80.1% from 80.5% in the prior quarter, while MLT stood at 27.8%,
Slide 22: Differentiated Operating Metrics Relative to Peers
TCB 03 Financial Results Differentiated Operating Metrics Relative to Peers Industry median1 CASA CIR (LTM) 40% 42% 39% 41% 39% 41% 43% 40% 38% 38% 39% 38% 38% 35% 34% 35% 35% 35% 34% 34% 34% 34% 35% 33% 33% 33% 35% 14% 17% 17% 15% 17% 17% 17% 16% 16% 16% 15% 14% 14% 34% 33% 33% 34% 33% 31% 31% 33%
Slide 23: 2026 Outlook
6M26 Earnings Call Section 04 2026 Outlook 23
Slide 24: GDP growth forecasts for FY26
04 FY26 Outlook GDP growth forecasts for FY26 Real Vietnam & World GDP (Real GDP growth indexed to 100% in 2019, YoY growth each year) Vietnam We revised our 2026 GDP growth forecast for FY26 to 7.9% (from 7.0% in our previous estimate), based on the 7.9% following factors: ▪ Enhanced fiscal policy,
Slide 25: FY26: Strongly Positioned to Leverage Economic Trends
FY26: Strongly Positioned to Leverage Economic Trends 04 FY26 Outlook FY25 2Q26 FY26 Improved Unchanged Deteriorated Indicators Actual Actual Outlook1 Commentary Credit growth2 Credit growth is expected to remain strong, supported by financing to off- 18.4 14.33 quota national projects % Cost of fun
Slide 26: Thank you.
6M26 Earnings Call Thank you. Co nta cts Techcombank Hanoi Head Office 06 Quang Trung str., Cua n/am wd., Hanoi ir@techcombank.com.vn
Slide 27: Appendix
6M26 Earnings Call Appendix 27
Slide 28: 2Q26 – Asset Book Health
00 Appendix 2Q26 – Asset Book Health ▪ Average LTV stood at a prudent ~43.7%, providing a substantial buffer against potential fluctuations ▪ Interest receivables-to-IEA remained well contained at below 1.0%, supporting earnings quality Average LTV for secured loans (%) Interest receivables/IEA (%)
Slide 29: Digital Continues to Be the Preferred Banking Channel
00 Appendix Digital Continues to Be the Preferred Banking Channel ▪ Digital remained the preferred channel for customer transactions ▪ Strong momentum in inbound and outbound transactions drove a return to the #1 position in NAPAS 24/7 transaction volume Number of Retail E-banking customers1 (Mn, EO
Slide 30: TCB 6M26 Financial Highlights (1/3)
00 Appendix TCB 6M26 Financial Highlights (1/3) 6M26 vs 2Q26 vs 2Q26 vs Balance Sheet Unit: 2Q25 3Q25 4Q25 1Q26 2Q26 6M25 6M26 6M25 1Q26 2Q25 Total assets VND bn 1,037,645 1,129,570 1,192,344 1,190,454 1,273,077 1,037,645 1,273,077 22.7% 6.9% 22.7% Deposits from customers VND bn 589,078 638,453 665,
Slide 31: TCB 6M26 Financial Highlights (2/3)
00 Appendix TCB 6M26 Financial Highlights (2/3) 6M26 vs 2Q26 vs 2Q26 vs Balance Sheet - Segmentation Unit: 2Q25 3Q25 4Q25 1Q26 2Q26 6M25 6M26 6M25 1Q26 2Q25 Loans to customers VND bn 710,313 766,710 767,617 796,864 847,336 710,313 847,336 19.3% 6.3% 19.3% Retail VND bn 282,166 300,211 328,094 350,54
Slide 32: TCB 6M26 Financial Highlights (3/3)
00 Appendix TCB 6M26 Financial Highlights (3/3) 6M26 vs 2Q26 vs 2Q26 vs NFI - Segmentation Unit: 2Q25 3Q25 4Q25 1Q26 2Q26 6M25 6M26 6M25 1Q26 2Q25 Bond business Bond issuance value VND bn 25,500 21,384 32,008 28,296 60,722 32,500 89,018 173.9% 114.6% 138.1% Bond distribution value VND bn 24,083 21,7
Slide 33: Financial metrics formula
00 Appendix Financial metrics formula Indicators Formula 𝑃𝑟𝑜𝑣𝑖𝑠𝑖𝑜𝑛 𝑟𝑒𝑠𝑒𝑟𝑣𝑒𝑠 𝑓𝑜𝑟 𝑙𝑜𝑎𝑛𝑠 𝑡𝑜 𝑐𝑢𝑠𝑡𝑜𝑚𝑒𝑟𝑠 ▪ Excluding provision reserves for margin lending NPL coverage ratio 𝑁𝑃𝐿 𝑏𝑎𝑙𝑎𝑛𝑐𝑒 ▪ NPL balance excludes margin lending 𝐷𝑒𝑚𝑎𝑛𝑑 𝑑𝑒𝑝𝑜𝑠𝑖𝑡𝑠 +…
Slide 34: Financial metrics formula
00 Appendix Financial metrics formula Indicators Formula 𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑖𝑛𝑐𝑜𝑚𝑒 𝑓𝑜𝑟 𝑡ℎ𝑒 𝑞𝑢𝑎𝑟𝑡𝑒𝑟 ∗ 4 ▪ Interest earning assets comprise: Balance Asset yields with SBV, Balance at credit institutions, loans 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝑑𝑎𝑖𝑙𝑦 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑒𝑎𝑟𝑛𝑖𝑛𝑔 𝑎𝑠𝑠𝑒𝑡𝑠 to…
Slide 35: Glossary
00 Appendix Glossary 1Q, 2Q, 3Q, 4Q Quarter 1, 2, 3, 4 : AUM Assets under management OTT : Overseas telegraphic transfer CAGR : Compounded Annual Growth Rate PAT : Profit after tax CAR : Capital Adequacy Ratio PBT : Profit before tax CASA : Current Accounts and Saving Accounts PMI : Purchasing Manag
Slide 36: Disclaimer
Disclaimer The information in this presentation is being provided as a historical, reference source only and is not being used for, and nothing in this presentation constitutes an offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, sec