Vietnam Joint Stock Commercial Bank For Industry And Trade · HOSE:CTG
Vietnam Joint Stock Commercial Bank For Industry And Trade — VietinBank — 9M2024 Earnings Presentation
37 slides from Vietnam Joint Stock Commercial Bank For Industry And Trade's earnings presentation, 2024
Slide 1: VietinBank Business Performance 3Q2024 & 9M2024
VietinBanke UPDATES VIETINBANK BUSINESS PERFORMANCE 3Q2024 & 9M2024
Slide 2: Agenda
VietmBank Contre 01 HIGHLIGHTS IN 3Q2024 & 9M2024 | 0 2 DETAILED BUSINESS RESULTS IN 3Q2024 & 9M2024 0 3 MACRO-ECONOMIC AND BANKING INDUSTRY UPDATE 0 4G BUSINESS RESULTS IN THE LAST QUARTIER OF 2024
Slide 3: Highlights in 3Q2024 & 9M2024
VietmBank 01 HIGHLIGHTS IN 3Q2024 & 9M2024 0 2 DETAILED BUSINESS RESULTS IN 3Q2024 & 9M2024 0 3 MACRO-ECONOMIC AND BANKING INDUSTRY UPDATE BUSINESS RESULTS IN THE LAST QUARTIER OF 2024 ala 2——— Fe eT APPENDIX
Slide 4: VietinBank posted robust results of business performance in 9M2024
»>) VietinBank posted robust results of business performance in 9M2024 VietnBank 21.8% # 21.8% (yoy) WY 19.4% (ytd) 416.2% (yoy) A 12.1% (yoy) 9.7% (ytd) .0% 97% (sta) B 9.0% (yt) AS 7.5% (ytd) WV 0.7% (yoy) A 0.32% (ytd) 19.5 VND, Tn PROVISION NPL FOR CREDIT COVERAGE LOSSES RATIO (01- HIGHLIGHTS Pa
Slide 5: Total assets
~ TOTAL ASSETS (VND, Tn) em 22 aD audited 302024 QD PLACEMENT WITH & LOANS TO OTHER C.Is* (VND, Tn) 2023 audited @ 280 35.2% 302024 @ 378 = Vs. 2023 INVESTMENT SECURITIES* (VINO, Tn) 2023 audited © 181 0.1% 3Q2024 § 182 Vs, 2023 LOANS TO CUSTOMERS? (VO, Tn) 2023 cudite, LT 1473 iy, 9.0% 1 30202 QED
Slide 6: Ongoing growth in key scale indicators compared to 2023
»>) Ongoing growth in key scale indicators compared to 2023 VietnBanke STRUCTURE OF TOTAL LIABILITIES (%) 2023 audited TOTAL LIABILITIES (VND, Tr) 2023 audited 9.5% aa 79% a Vs. 2023 3Q2024 3Q2024 > BALANCES WITH THE GOVERNMENT AND THE SBV; DEPOSITS AND BORROWINGS FROM OTHER C.ls (VND, Tn) 2023 audi
Slide 7: Profit experienced good growth thanks to good core revenues
y Profit experienced good growth thanks to good core revenues VietinBank PROFIT STRUCTURE IN 9M2024 Total operating income in 9M2024 reached 60.6 VND, Tn [a] 416.2% 113% (+16.2% yoy). In which: @ Nill (excl. guarantee fee) went up by 19.4% yoy driven by — the implementation of credit packages with p
Slide 8: Detailed business results in 3Q2024 & 9M2024
VietmBank >
Slide 9: Funding maintained an upward trajectory
y Funding maintained an upward trajectory VietinBanke > CONSUMER DEPOSITS BREAKDOWN BY MATURITY )>CASA FUNDING BREAKDOWN BY CUSTOMER SEGMENTATION > DEPOSIT MARKET SHARE (VND, Tn) 3Q2023 1,048 262 3Q2023 1,093 318 ‘audited J 40.6% 10.8% audited ®& 102024 4m 37 102024 55.2% 4.8% ) 41.2% 22024 1,133 33
Slide 10: Credit balance kept going up accompanied with a proactive shift in structure
y Credit balance kept going up accompanied with a proactive shift in structure RETAIL 622 den a Tn Vs. 2023 SME 364 VND, Tn AB + 5.5% Vs, 2023 LARGE CORP. 502 VND, Tn B+ 6.8% Vs, 2023 FDI 96 VND, Tn A + 17.8% Vs. 2023 > LOANS BREAKDOWN BY CUSTOMER SEGMENTS (VND, Tn) 3Q2023 S12 358 424 i 16 cod) 55 3
Slide 11: 28.6% 62.9% 2.3% 27.0% 63.0% 1.8% 8 46
617 329 273 28.6% 62.9% 2.3% 83 89 27.0% 63.0% 1.8% 78 49 35 8 46
Slide 12: Asset quality was strictly controlled
» Asset quality was strictly controlled > NPLRATIO AND NPL COVERAGE RATIO 1.37% 1.13% 1.35% 1.57% 1.45% ° . ° e ° 113.8% 167.2% 150.8% 153% 172.4% 32023 2023 102024 202024 302024 audited @ NPL/outstanding loans NPL NPL coverage ratio > INCOME FROM WRITTEN-OFF BAD DEBT RECOVERY(VND, Tn) In this quart
Slide 13: Flexibility and safety in investment portfolio
» Flexibility and safety in investment portfolio » » VietinBanke INVESTMENT PORTFOLIO AS OF 30/09/2024 69.3% 29.7% Interbank 0.3% 0.7% | Debt securities Equity securities Long-term investments SECURITIES INVESTMENT PORTFOLIO (VND, Tn) 3Q2023 18 2023 audited 27 Investment securities 192024 21 Trading
Slide 14: Liquidity remained well-controlled
y Liquidity remained well-controlled IES AND TOTAL LIABI OWNERS'S EQUITY TOTAL ASSETS: 3Q2023 > LDRRATIO 3Q2023 FY 2023 3Q2024 Unit: VND, Tn 12024 audited 2Q2024 3Q2024 > RATIO OF SHORT TERM FUNDS FOR > LIQUIDITY RESERVE RATIO MEDIUM AND LONG TERM LOANS 302023 (GBR FY2023 20.4% 302026 217% 3Q2023 FY
Slide 15: Dynamic shift in fee structure
Dynamic shift in fee structure
Slide 16: Continuous enhancement in effective use of operating expenses
A y Continuous enhancement in effective use of operating expenses VietnBank? > ACCUMULATED CIR > OPERATING EXPENSES Staff cost ® 9.2% (yoy) Expenses for fixed assets 85% Salaries and allowances 37% 2) Depreciation & 29.0% 9M2023 2023... 32024 6M2024 9M2024 By optimizing cost efficiency, ® 7.4% (yoy)
Slide 17: Sustainable growth in business efficiency
y Sustainable growth in business efficiency > LENDING AND DEPOSIT INTEREST RATES 8.85% 8.62% 7.29% 7.07% 6.96% 552% 5.25% 377% 3.61% 357% 9m2023 2023 32024 62024 972024 audited —O-Lending rates Deposit rates Deposit rates remained low, with slight upward pressure on some banks facing liquidity stres
Slide 18: Key milestones in IT
A » Key milestones in IT VietnBank® © ee il 3 — Digital 2017 - Corebanking, 2019 - 2020- 2021- eKYC, 2024 —Digital EDW Chatbot —~ Biometric kiosk _ FacePAY, Robotic transformation transformation with advanced The nUMeer Fabre cre 20: ~ theléiare ss Proc utomation || || | | journey Deploy 45 RecHnOIO
Slide 19: Promote solutions to develop retail segment
» Promote solutions to develop retail segment toward an improvement in competitive edge an Over 150 features & utilities a integrated in VietinBank iPay to help wS users enjoy the fullest and most optimal life according to the “All in one" criterion. @ Over 2,400 suppliers connected to @ fully meet
Slide 20: VietinBank spearheading the application of banking app for institutional customers
»») VietinBank spearheading the application of banking app for institutional customers NO. OF CORPORATES USING eFAST Unit: Thousand customers 92023 QED 219 * 16.1% yoy 9M2024 QUEEN 254 VietnBankeFAST NO. OF TRANSACTION VIA eFAST CHANNEL Unit: Million transaction 9M2023 239 ® 37.6% yoy 9M2024 32.8 VA
Slide 21: Sustainability activities in VietinBank
> A » Sustainability activities in VietinBank VietinBank , Jol HANDS WITH THE 902 > GOVERNMENT cP - Sign MOU with the Ministry of Natural Resources and Environment - Successfully organize The Cireular - Economy Forum 2023 part in JETP Resource - Pioneer in developing a comprehensive suite of ustaina
Slide 22: Promote green, environmentally friendly projects towards sustainability
y Promote green, environmentally friendly projects towards sustainability VietnBanke > CREDIT FOR GREEN FINANCING OVER THE YEARS > CREDIT STRUCTURE FOR GREEN FINANCING AT 3Q@2024 Unit: % Unit: VND, Tn Clean energy Waste treatment and pollution prevention 3Q2024 2.7% FY 2023 [S25 415 FY 2022 Ree FY 2
Slide 23: Key highlights
Key highlights ay SCALE METRICS VietinBank maintained growth momentum in total assets, reaching 97% ytd. Credit balance attained 1,605 VND, Th, up 9% ytd, with the improvement in all segments. Customers deposit reached 1,517 VND, Tn, up 7.5% ytd. In which, CASA funding stood at 351 VND, Tn, up 10.4%
Slide 24: Macro-economic and banking industry update
VietmBank 01 HIGHLIGHTS IN 3Q2024 & 9M2024 0 2 DETAILED BUSINESS RESULTS IN 3Q2024 & 9M2024 0 3 MACRO-ECONOMIC AND BANKING INDUSTRY UPDATE | BUSINESS RESULTS IN THE LAST QUARTIER OF 2024 ¥. ee see ao
Slide 25: 7.0 % .0 25. 00% 6.0 % .0 20. 00% 5.0 % 15. %
7.0 % 140 .0 25. 00% 55 6.0 % 120 .0 20. 00% 50 5.0 % 15. 00% 45 100 .0 10. 00% 4.0 % 40 5.0 0% 80.0 3.0 % 35 0.0 0% 30 2.0 % 60.0 -5.00% 25 -10.00% 1.0 % 40.0 -15.00% 20 0.0 % 20.0 -1.0% -2.0% - 600 80% 75% 120,000 119,860 119,720 13, 13, 500 465 430 395 119,580 119,440 119,300 119,160 13, 13, 360
Slide 26: Credit on track for recovery, interest rates remaining low
» Credit on track for recovery, interest rates remaining low with the signals of exchange rates cooling down > CREDIT AND FUNDING Credit growth rate('%) Deposit growth rate (%) na 03/20 3/21 3/22, 3/238. 3/24 Source: SBV, GSO Credit in 9M2024 grew by 9% ytd. The driving force of credit growth laid i
Slide 27: Business results in the last quarter of 2024
VietinBank 01 HIGHLIGHTS IN 3Q2024 & 9M2024 0 2 DETAILED BUSINESS RESULTS IN 3Q2024 & 9M2024
Slide 28: VietinBank continues to promote in-depth development strategy
y VietinBank continues to promote in-depth development strategy 05 BANK-WIDE BUSINESS TOPICS Fl Credit growth focusing on potential customer groups, industries and fields on the basis of overall efficiency of all segments. CASA growth in size in all segments. Stimulation of non-interest activities,
Slide 29: Business plan in FY2024
» Business plan in FY2024 INDICATORS BUSINESS PLAN sry Total assets ® ~8% - 10%/year I2y Credit balance In line with the credit quote granted by the SBV @& = Funding mobilization Growth in line with credit growth NPL ratio <1.8%/year Separate PBT 26,300 VND, Bn Dividend payout In accordance with the
Slide 30: Promote solutions to develop the retail segment and improve competitiveness
y Promote solutions to develop the retail segment and improve competitiveness and market share VietnBankes > RETAIL SEGMENT AFFLUENT High-income customers MASS AFFLUENT Moderate-income customers MASS General customers > GUIDELINE ON GROWTH OF RETAIL SEGMENT AFFLUENT MASS AFFLUENT MASS High-income cu
Slide 31: Appendix
VietmBank 0 1 HIGHLIGHTS IN 3Q2024 & 9M2024 0 2 DETAILED BUSINESS RESULTS IN 3Q2024 & 9M2024 0 3 MACRO-ECONOMIC AND BANKING INDUSTRY UPDATE BUSINESS RESULTS IN THE LAST QUARTIER OF 2024
Slide 32: CTG stock performance
Closing price of the 1st trading session of 2024 (02/01/2024) Closing price of the last trading session of 3Q2024 (30/09/2024) Price fluctuations in 9M2024 Trading volume in 9M2024, Trading value in 9M2024 Trading volume of foreign investors in 9M2024 Foreign ownership (30/09/2024) EPS (30/09/2024)
Slide 33: Balance sheet
Aa y Balance sheet VietnBank®> Unit: VND, Bn INDICATORS | 2a) | Bue | 2s 2Q2024 3Q2024 3Q2024 vs. 2023 3Q2024 vs. 2@2024 audited restated audited ASSETS: Cash, gold and gemstones 1,331 11,067 9,760 9,458 10,239 4.9% 8.3% Balances with the State Bank of Vietnam ("SBV") 23,383 29,727 40,597 28,980 26,
Slide 34: Income statement
y Income statement VietnBank Unit: VND, Bn INDICATORS | 2074) | el | 2025 9M2023 9M2024 audited restated audited Interest and similar income 84,628 104,665 132,672 99,715 92,015 -7.1% Interest and similar expenses (42,840) (56,873) (79,714) (61,204) (45,924) -25.0% Net interest and similar income 41
Slide 35: Calculations of financial indicators
Aa y Calculations of financial indicators VietnBank®> Financial indicators Formula NPL Bad debts/ Total loans to customers Debt coverage ratio Provision for credit losses on loans to customers/ Bad debts Cash, gold and gemstones + Balance with the SBV + Placement with & loans to other C.l + Highly l
Slide 36: More information about VietinBank in other publications
A y More information about VietinBank in other publications VietinBank > (Click on below titles/images to access link ¥) INVESTOR BUSINESS UPDATE (QUARTERLY) Website: www.investor.vietinbank.vn Here Here VietmBank NEWS UPDATE VIETINBANK eo fe FINANCIAL REPORTS on = 3Q20246 9M2024 { = a | a « wetnden
Slide 37: Thank you!
Thank you!