Slides
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- FY2025-
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Performance results Balance sheet Asset quality Introduction Key takeaways & Expectation for 2026 Digitalization & ESG Subsidiaries
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ANALYST MEETING
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ACB- THE LEADING RETAIL BANK IN VIETNAM Market share Branches and sub-branches Number of staff Number of customers Charter Capital 389 13,006 8.5 mm 51,367 bn VND Lending 3.60% Deposit 3.46% #1 Private bank in retail lending #2 Private bank in retail deposit Quần đảo Hoàng Sa Quần đảo Trường Sa Đảo Phú Quốc Cà Mau Bạc Liêu Hậu Giang Kiên Giang Cần Thơ Vĩnh LongTiền Giang Vũng Tàu Đồng Nai Tây Ninh Bình Phước Bình Thuận Ninh Thuận Lâm Đồng Khánh Hòa Đaklak Gia Lai Phú Yên Bình Định Quảng Nam Đà Nẵng Huế Quảng Bình Hà Tĩnh Nghệ An Thanh Hóa Vĩnh Phúc Hưng Yên Nam Định Hà Nam Hải Dương Bắc Ninh Hải Phòng Quảng NinhBắc Giang Thái Nguyên Hà Nội Quảng Ngãi Đồng Tháp An Giang Long An T P. Hồ Chí Minh Bến Tre Trà Vinh
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TOTAL ASSETS CREDIT1 2 DEPOSIT3 INVESTMENT PORTFOLIO4
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BALANCE SHEET REACHED A NEW MILESTONE Total assets surpassed VND 1 quadrillion, which reflected ACB’s balance sheet management capabilities. KEY TAKEAWAY VND trillion 528 608 719 864 1,026 2021 2022 2023 2024 2025 CAGR 2021-2025 18%
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ROBUST CREDIT GROWTH WITH HIGH ASSET QUALITY AND STRONG COLLA TERAL Secured loans 96% A highly secured loan portfolio underpin a solid balance sheet quality. KEY TAKEAWAY VND trillion YTD growth 72.2% 18.6% 61.6% 13.1% 12.9% Short-term funds medium and long-term loans (FY2024: 18.8%) 24.4% Secured by property 85% 65% 62% 59% 28% 27% 25%6% 9% 13%1% 2% 3%488 581 689 2023 2024 2025 Credit by segments Consumers SMEs MMLCs Subsidiaries Total
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STRONG CREDIT GROWTH DRIVEN BY CORE SECTORS Retail lending 12.9% Business lending 25.5% Growth concentrated in priority sectors with disciplined risk management. KEY TAKEAWAY 178 193 106 131 41 46 4Q24 4Q25 Retail lending by products Business loan Housing loan Personal loan Other loans +23%+8% 100 115 36 43 28 30 19 22 4Q24 4Q25 Business lending by business sectors Commerce Manufacturing and processing Construction Individual and community services Other loans +15% +20%
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CONTROLLED EXPOSURE TO THE REAL EST A TE SECTOR Amid a recovering real estate market, ACB recorded strong yet controlled growth, focusing on well-collateralized segments with stable cash flows while avoiding cyclical developer risk. KEY TAKEAWAY 105 119 149 6% 14% 25% 2023 2024 2025 Real estate lending Real estate % growth VND trillion Mortgage 79% (18% of total loans) RE business purpose 21% (5% of total loans) Breakdown of real estate lending
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YTD growth 12.4% 14.3% 24.7% 6.0% ST ABLE FUNDING BASE SUPPORTING PRUDENT BALANCE SHEET MANAGEMENT Prudent funding management, supported by a stable CASA ratio, enhanced funding cost efficiency, and supported sustainable credit growth. KEY TAKEAWAY 78.1% 78.0% 79.1% 85% 2023 2024 2025 LDR SBV Requirement VND trillion 72% 67% 63% 12% 11% 12%7% 6% 7%10% 16% 19%535 639 718 2023 2024 2025 Deposit (including valuable papers) Consumers SMEs MMLCs Valuable papers Total-CONSOL 31.1% 372 412 452 111 125 133 23% 23% 23% 2023 2024 2025 Customer deposit by term Term deposit Non-term deposit CASA ratio
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OPTIMIZED INVESTMENT PORTFOLIO FOR HIGH RETURNS ACB’s selective, collateral-backed bond investments and focus on higher-yield assets support interest income growth while maintaining liquidity compliance. KEY TAKEAWAY 50.0 trn, 35% portfolio 42.8 trn, 30% portfolio 50.4 trn, 35% portfolio 1.5 trn, 1% portfolio 14% BANK INVESTMENT PORTFOLIO accounted for 14% in total assets Total assets Bank CDs Financial institution bonds Government bonds Corporate bonds
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NFIPROFIT BEFORE TAX NII1 2 3 OPERATING COST4
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PROACTIVE PROVISIONING STRENGTHENS BUFFERS WHILE MAINT AINING STEADY PROFIT GROWTH ROE 17.6% #among top leading banks Higher provisioning weighed on PBT, while profit before provision expense remained resilient. KEY TAKEAWAY ROA 1.7% #among top leading banks VND billion 22,612 22,874 (1,606) (3,335) 21,006 19,539 2024 2025 PBT Operating profit before provision expense Provision Total YTD growth -7% 108% 1%
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REVENUE DIVERSIFICA TION MITIGA TED NIM COMPRESSION Total revenue continued to grow, as strong NFI growth offset NIM-driven pressure on NII and reduced reliance on interest income. KEY TAKEAWAY 27,795 26,906 2024 2025 NII 5,720 6,892 2024 2025 NFI 33,515 33,798 2024 2025 Revenue +21% -3% VND billion +1%
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NIM F ACED PRESSURE FROM HIGHER FUNDING COSTS (*) NIM= Net interest income for a year / average total earning assets for 2 latest years (*) Asset yield = (Interest income for a year) / average total earning assets for 2 latest years Cost of funds = (Interest expense for a year) / average total earning assets for 2 latest years NIM declined as rising funding costs outweighed CASA gains and improvements in the medium- to long-term lending amid low lending rates. KEY TAKEAWAY 8.16% 6.61% 6.38% 4.27% 3.00% 3.46% 2023 2024 2025 Asset yield and Cost of fund Asset yield CoF 3.89% 3.61% 2.92% 2023 2024 2025 NIM
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STRONG NFI GROWTH SUPPORTING REVENUE VND billion NFI recorded solid growth in 2025, driven mainly by FX income, and recoveries from written-off loans. KEY TAKEAWAY 57% 46% 20% 25% 11% 13%12% 17% 2024 2025 NFI Others Investment FX Service fee 5,720 6,892 +21%
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CONTINUED COST DISCIPLINE Revenue growth (Y.o.Y) Operating cost growth (Y.o.Y) VND billion 2% 1% 0.3% 0.2% Revenue outpaced cost growth, supporting profit growth. KEY TAKEAWAY 6,468 6,232 1,646 1,648 2,212 2,383 10,903 10,924 33% 32% 2024 2025 Operating cost Others Provisions for devaluation of long- term investments and asset risk Administration cost Asset cost Staff cost CIR
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NON-PERFORMING LOAN1 CREDIT RATINGS3CAR (BASEL II)2
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BEST-IN-CLASS ASSET QUALITY Strong risk management and quality growth strengthen best-in-class asset quality . KEY TAKEAWAY (*) Top leading banks including VCB, CTG, BID, MBB, TCB, VPB, HDB, STB, SHB,VIB 0.77% 0.74% 1.21% 1.49% 0.97% 1.31% 1.51% 1.72% 1.75% 2021 2022 2023 2024 2025 NPL ratio: ACB vs Top leading banks ACB Top leading banks (*)
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IMPROVING ASSET QUALITY WITH STRENGTHENED PROVISIONING BUFFERS VND billion Conservative provisioning underscored ACB’s robust risk management, enhancing resilience and supporting ACB’s long-term financial health. KEY TAKEAWAY VND billion 5,367 6,740 7,625 91% 78% 114% 2023 2024 2025 Loan loss reserve Provision for credit loss LLR 5,393 7,979 5,993 494 670 678 5,887 8,650 6,671 1.21% 1.49% 0.97% 2023 2024 2025 Non-performing loan Additional NPL (associated with CIC) NPL (ACB's loan group) NPL ratio
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ACB AMONG THE FIRST BANKS TO ADOPT CIRCULAR 14 The transition to Circular 14 from December 2025 is expected to lift ACB’s consolidated CAR to above 12%, and well above regulatory requirements. KEY TAKEAWAY 12.5% 11.8% 12.3%12.9% 12.3% 11.9% 2023 2024 2025 CAR CAR CAR Tier-1 70,518 83,009 93,430 (363) 2,231 2,940 2023 2024 2025 Capital Capital Tier-1 Capital Tier-2 VND billion (*) estimated CAR 2025
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LIQUIDITY INDICATORS REMAINED AT SAFE LEVELS ACB continuously maintained safe buffer above regulatory requirements. KEY TAKEAWAY Short-term funds for medium and long-term loans 24.4% Loan to deposit ratio 79.1% Liquidity reserve ratio (in VND) Solvency ratios within 30 days (VND) 14.7% 85% 50% 64.4%
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ACB'S CREDIT RA TINGS ARE THE HIGHEST AMONG PRIVA TE BANKS IN VIETNAM Rating Outlook Stable Issuer Rating Ba3 Counterparty Risk Ratings Ba2 Bank Deposits Ba3 Baseline Credit Assessment (BCA) ba3 Rating date (Oct-2025) Rating Outlook Positive Long Term Issuer Default Rating BB- Viability Rating bb- Government Support Rating bb- Rating date (Nov-2025) Rating Outlook Stable Issuer Rating AA+ Rating date (Sep-2025) ACB is highly ranked by credit rating agencies: effective risk management & strong asset quality. KEY TAKEAWAY
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ANALYST MEETING
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ACB AIMS TO BECOME AN EFFICIENT FINANCIAL GROUP ACBS ACBL ACBA ACBC ACBI Subsidiaries are playing an increasingly vital role in driving the group's overall growth ❖ Recognizing the potential and aiming to diversify its offerings, ACB plans to launch its non-life insurance company (ACBI) to enhance its financial ecosystem. 7% PBT 2025 | Subsidiaries +56% YoY ACB Subsidiaries 1.4 trillion ACBI: The perfect piece of the ACB ecosystem
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STRONG IMPROVEMENT IN ACBS’S CORE BUSINESS PERFORMANCE 51% y.o.y Revenue from margin lending over 1,200 billion PBT | +46% y.o.y Sustainable balance sheet Total assets YoY FY 2025 Lending 38.6 17.3 VND trillion VND trillion +48% +100% Investment VND trillion 4.8 +53% Charter capital 11 +57% VND trillion Outstanding business results 16% y.o.y Revenue from brokerage service 71% y.o.y Revenue from investment
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ESGDIGITALIZATION1 2 ANALYST MEETING
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SUST AINED DIGIT AL ACCELERA TION 33% 41% 26% 2019 E-banking transaction ATM, CDM, POS Paper-based TRANSACTION CHANNELS Digital transformation as a key driver of operational efficiency and customer-centric banking. KEY TAKEAWAY 94% 4% 2% 2025 +30% YoY E-banking transactions +91% YoY New customers from E-banking +45% YoY Term-deposit accounts from E-banking
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Video Call Face Identity Biometric authentication ✓ Successfully blocked 37,400 fraudulent transactions. ACB LEADS WITH SAFETY Smart alert ✓ Successfully safeguarded VND 2.5 trillion in customer assets.
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KEY PILLARS OF ACB'S DIGIT AL BANKING Open securities account on ACBO ✓ Invest with more Choices ✓ Pay with Ease Lotusmiles Pay "Fly - Pay - Elevate" Tuition, electricity and water bill payment Flex – Flexible payment ✓ Effortless Rewards ACB rewards Certificate of Deposit on ACBO Connected with 110 top brands 1M+ E-vouchers redeemed
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CSR STRA TEGY 2026-2030 Creating shared value for people, communities, and the environment KEY TAKEAWAY Addressing Environmental issues • Biodiversity conversation • Waste management • Plastic waste reduction • Carbon Neutrality Enhancing access to Education • ACB – STF Scholarship • School renovation in underprivileged areas • Preferential student loans and green startup sponsorship Community Healthcare • Journey of Hope: supporting children with cancer • Health insurance card sponsorship • Organizing and sponsoring community sports events
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SUST AINABLE AND GREEN FINANCE ACB promotes sustainable development with specialized financial solutions customized for each sector and each enterprise. KEY TAKEAWAY Preferential sustainable package VND 5,000 bn in 2025 Conference for Textile, Plastic, Agricultural and Aquaculture sectors to provide financial solutions and support green transition. 42% 31/12/2025 2,124 bn
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ANALYST MEETING
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HIGHLIGHTS2025 Consolidated PBT ~ 19.5 trn 7% YoY 85% of annual target LLR ~ 114% 36% YoY Lending ~ 689 trn 18.6% vs 2024 NPL ~ 0.97% 0.52% vs 2024 #among the lowest banks Deposit ~ 718 trn 12.4% vs 2024 CASA ratio ~ 23% #among the highest banks CIR ~ 32.3% 0.2% YoY CAR ~ 12% Circular 14
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FORECASTFY26 Consolidated Credit growth Within the credit room (expect ~ 16-18%) CAR NPL control < 1.2% CIR ~35%-36% Service fee +25%