Analysis of business results & financial statements · Quý 2/2026
▼ FUNDING UNDER PRESSURE
TTM PATMI rose +VND 7,232.9bn compared with the same period last year. Key positives came from higher net interest income, higher other income, and higher trading securities. Offsetting pressure came mainly from lower investment securities, higher operating expenses, and higher corporate income tax.
See what is changing ↓- P/B
- 1.2x
- ROAE
- 17.9%
- NIM
- 2.2%
- Asset Yield
- 5.60%
- Funding Cost
- 3.42%
- ROAA
- 1.0%
- Market price
- 33,950 16 Oct 2026
The current picture
Bank Picture
BID bank opening narrative plan rendered.
Profit bridge
Vs last year · TTM
- Net interest income
- Other income
- Trading securities
- Net fee income
- Investment securities
- Operating expenses
- Corporate income tax
Across periods
A single data point, or a trajectory?
Latest eight quarters · Quý 2/2026
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 17.804,2 | 15.733,7 | 19.246,8 | 15.172,6 | 14.991,7 | 13.945,6 | 15.638,8 | 13.989,7 |
| NII Growth YoY | +19% | +13% | +23% | +8% | +1% | +3% | — | — |
| NIM | 2,17% | 2,15% | 2,14% | 2,18% | 2,20% | 2,33% | 2,35% | — |
| Net Fee Income | 1.959,8 | 1.624,9 | 1.785,7 | 1.733,5 | 1.887,4 | 1.538,9 | 1.966,7 | 1.475,0 |
| Provision Expense | 5.820,3 | 5.498,0 | 6.135,0 | 6.185,9 | 6.098,1 | 4.578,5 | 7.686,9 | 4.453,1 |
| Net Profit After Tax | 8.294,9 | 6.878,8 | 11.542,6 | 6.086,9 | 6.900,7 | 5.955,3 | 7.464,1 | 5.213,9 |
| Net Income Growth YoY | +20% | +16% | +55% | +17% | +6% | +1% | — | — |
Net interest income
17,804bnProvision expense
5,820bnNet income
8,295bnInside the statements
A closer look at what is happening inside the business
A bank's statements are read with a bank's own questions: credit quality, margin, liquidity, funding.
Is credit clean?
Credit Quality
●Is asset quality deteriorating?
Direct credit reading is still thin, but reserve buffer is the more notable signal now, having slipped to 1.39% of gross loans.
Reserve buffer on gross loans is around 1.39%. LDR stands at 96.2%.
Credit reading currently relies mainly on credit cost and reserve buffer; NPL, group-2, and bad-debt coverage signals will be added next.
Provision-to-gross-loans is declining quarter over quarter, suggesting a thinner loss-absorbing reserve buffer.
- Credit cost
- 0.76% −0.0pp
- Reserve / Gross loans
- 1.39% −0.1pp
- LDR
- 96.2% −1.6pp
2026Q2
Is interest margin sustainable?
Interest Margin Quality
▼▼Is spread coming under pressure?
Spread is under pressure from funding costs, with funding cost at 3.42%.
In the period, NIM reached 2.17%, −0.0pp YoY; asset yield was 5.60%, +0.2pp; while funding cost was 3.42%, +0.2pp. This suggests spread has become less favorable than before, though not yet in a clearly deteriorating two-sided way.
NIM stands at 2.17%, leaving less room on spread.
- NIM
- 2.17% −0.0pp
- Asset yield
- 5.60% +0.2pp
- Funding cost
- 3.42% +0.2pp
2026Q2
Earnings Mix
●Is profit coming from core or supporting income sources?
Earnings mix currently looks balanced.
Nii accounts for 71.0% of toi, fee income is 7.4% of toi, other income is 14.6% of toi, cir stands at 32.7%, net profit equals 34.3% of toi.
Fee income currently contributes only 7.4% of total operating income.
- NII / TOI
- 71.0% +1.8pp
- Fee / TOI
- 7.4% −0.0pp
- Other income / TOI
- 14.6% −0.3pp
- CIR
- 32.7% −0.4pp
2026Q2
Is liquidity safe?
Funding & Liquidity
▼▼Are funding and capital buffers sufficiently safe?
Capital buffer is the key watchpoint, with equity only at 5.8% of ending assets.
Ldr stands at 96.2%, equity equals 5.8% of assets, customer funding accounts for 77.0% of interest-bearing funding, market funding accounts for 23.0%.
Equity currently accounts for only 5.8% of ending assets.
- LDR
- 96.2% −1.6pp
- Equity / Assets
- 5.8% +0.2pp
- Customer funding
- 77.0% +2.7pp
- Market funding
- 23.0% −2.7pp
2026Q2
Profitability Quality
●What is sustaining current profitability?
Profitability currently looks balanced, with ROAA at 1.02% and ROAE at 18.15%.
Net income on average earning assets is 1.05%, nim stands at 2.17%, credit cost is 0.76%, cir stands at 32.7%, average leverage is around 17.79 times.
Average leverage is currently around 17.79 times.
- ROAA
- 1.02% +0.0pp
- ROAE
- 18.15% +0.0pp
- NI / Avg EA
- 1.05% +0.0pp
- Quarterly provision
- VND 5,820bn +5.9% QoQ
2026Q2
In summary
Research synthesis
What this reporting period is showing
BID bank investment takeaway — funding under pressure. [Placeholder for EN translation.]
- [Placeholder for EN evidence line 1.]
- [Placeholder for EN evidence line 2.]
- [Placeholder for EN conclusion.]
What to verify next
Questions for the next period
Track the stability of credit costs and the bank's ability to maintain reserve buffers over the next few quarters.
Track whether funding pressure continues to build, especially as market funding reliance and liquidity-buffer demands become less comfortable.
Track whether the bank can build a clearer service-fee contribution to reduce reliance on a single earnings pillar.
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