TCB’s 1Q25 Analyst Meeting

1Q25 PATMI was VND5.9 tn (+76% QoQ/-4% YoY), completing 23% of TCB’s guidance and 21% of our 2025E forecast. Recall TCB paid  VND1.8 tn to Manulife as a fee for concluding the banca exclusivity deal in 4Q24. Ex that one-off, PATMI increased by +15% QoQ.

For the complete report, please access here: TCB_1Q25 Analyst Meeting_Takeaways

Analyst: Tanh Tran, tanh.tran@yuanta.com.vn