Vietnam · Delayed Price · Currency is VND Vietnam Technological and Commercial Joint Stock Bank Earnings Call Transcripts
Fiscal Year 2026
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Q3 delivered record PBT above VND 10tn, with 9M earnings growth supported by broad fee income and lower provisions. Funding costs remained pressured, while management maintained disciplined growth and a constructive 2026-27 outlook.
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Record Q2 profit and robust credit growth were achieved amid tight liquidity and rising funding costs. Asset quality, capital, and fee income remain strong, with digital and wealth segments scaling rapidly. TCBS delivered record results and maintains top market share in bonds and brokerage.
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Q1 2026 saw robust profit and fee growth, strong digital and wealth momentum, and resilient asset quality despite macro volatility. Guidance remains positive, with stable NIM and capital, and new engines like insurance and digital payments scaling up.
Fiscal Year 2025
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Record earnings and profits exceeded guidance, with strong credit growth, improved asset quality, and industry-leading CASA and coverage ratios. 2026 outlook remains positive, focusing on portfolio diversification, fee income, and digital innovation.
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Record Q3 profit and robust growth in loans, deposits, and wealth management drove strong results, with NIM stable at 3.8% and CIR at 31.5%. Capital adequacy and asset quality remain high, supporting a positive outlook and continued portfolio diversification.
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Record-high Q2 profit and strong asset quality position the bank to meet full-year targets despite NIM compression and regulatory headwinds. Wealth banking, digital transactions, and fee income remain growth drivers, while capital and risk metrics stay robust.
Fiscal Year 2024
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Full-year PBT reached VND 27.5 trillion, exceeding guidance despite a one-off expense, with strong growth in NII, CASA, and asset quality. 2025 targets include 20%+ credit growth, double-digit NFI growth, and continued focus on AI, ESG, and ecosystem expansion.
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Q3 2024 saw robust growth in TOI and PBT, with strong NII, high CASA, and improved capital ratios. Despite a one-off bancassurance expense, full-year profit targets remain on track, and digital and product innovation continue to drive efficiency and market share.
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Record Q2 results with 38% TOI and 39% PBT growth year-over-year, driven by strong NII, NFI, and fee income. CAR improved to 14.5% despite dividend payout; NIM expected to moderate but remain above 4% for the year. CASA ratio set to recover above 40% by year-end.