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Retail Asia18/09/2023

Ho Thuy Anh, daughter of Techcombank (TCB) chairman Ho Hung Anh, has bought 82 million TCB shares worth at least US$110.1 million. The transaction, completed between Sept. 5-8, will increase her stakes in Vietnam’s largest private bank from 0.64% to 2.97%. As of the end of June, the chairman Hung Anh held 39.3 million TCB […]

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Retail Asia23/08/2023

Ho Thuy Anh, daughter of Techcombank’s chairman Ho Hung Anh, has registered to buy 82 million shares of the bank on the market. The transaction, to be completed between Aug. 25 and Sept. 19, will increase her stakes in Vietnam’s largest private bank from 0.64% to 2.97%. With the TCB share trading at around VND33,000, […]

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Retail Asia27/07/2023

Technological and Commercial Joint Stock Bank (Techcombank) is redefining banking services by using digital corporate identity and setting innovation benchmarks. The bank ended H1 with 12.2 million customers, adding around 1.4 million new customers during the period, with 45.3% acquired digitally and 43.8% through ecosystem partners. It set a record for customer acquisition in the […]

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Retail Asia07/07/2023

Techcombank has been extending technological collaboration with worldwide partners and organizations in order to improve client personalization, digitization, and security. The bank aims to lead the digital transformation of Vietnam’s financial industry with a three-pillared strategy focusing on digital, data, and talent. Digital banking would make regular banking easier, more convenient, and simpler. Data is […]

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Retail Asia15/05/2023

Techcombank has set a CASA (current account savings account) target of 55% by 2025 by investing in digitalization and increasing lending to retail customers and SMEs. At its recent annual general meeting, CEO Jens Lottner said he was optimistic about the bank’s ability to achieve the targets despite market volatility. Lottner said though Vietnam’s economy […]

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Retail Asia05/05/2023

Techcombank has sold its building in Hanoi for VND1.7 trillion (US$72.49 million), making a profit of over VND730 billion. It had bought the building on 191 Ba Trieu Street in Hai Ba Trung District 10 years ago from conglomerate Vingroup, changed its name to Techcombank Tower and made it its headquarters. Earlier this year Vietnam’s […]

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Retail Asia25/04/2023

Techcombank’s real estate loan portfolio might be big but most are personal loans or to develop projects that do not face legal issues, its chairman, Ho Hung Anh, said. At the lender’s annual general meeting on April 22 he said since the property developments have full legal status, even “in the current difficult period for […]

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Retail Asia26/03/2023

Ratings agency Moody’s Investors Service has downgraded the long-term deposit and issuer ratings of private lender Techcombank because of its high exposure to the struggling property sector. Its currency deposit and issuer ratings were lowered from Ba2 to Ba3, the same level as several other banks in Vietnam. Its outlook is down from stable to […]

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Retail Asia03/03/2023

The U.S. dollar dropped against the Vietnamese dong Friday morning on the black market. Unofficial exchange points sold the greenback at VND23,850, down 0.29% from Thursday. Vietcombank sold the dollar 0.15% higher at VND23,910. Eximbank maintained the dollar at VND23,860, while at Techcombank the rate stayed unchanged at VND23,890. The State Bank of Vietnam kept […]

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Retail Asia13/02/2023

On Monday morning, the U.S. dollar dropped at banks but remained unchanged at unofficial exchange points. Vietcombank sold the dollar at VND23,740 Monday, down 0.02% from Sunday. Eximbank and Techcombank sold the greenback 0.04% lower at VND23,720, and VND23,745, respectively. The USD/VND exchange rate has increased by 0.04% since the beginning of the year. The […]

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Retail Asia20/12/2022

On Monday, the U.S. dollar went up against the Vietnamese dong at most banks and the black market. Vietcombank sold the dollar at VND23,800, up 0.34% from Saturday. Eximbank sold the greenback at VND23,770, up 0.30%. The rate at Techcombank is VND23,800, up 0.21%, and at ACB is VND23,900, up 0.42%. The State Bank of […]

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Retail Asia12/12/2022

The U.S. dollar continued to depreciate against the dong on the black market Monday. It plunged 0.86% to VND24,220 at unofficial exchange points. The greenback fell 0.19% to VND23,825 at TPBank, and dropped 0.32% to VND23,713 at Vietinbank. Eximbank sold the dollar at VND23,740, up 0.17%. The rate at Techcombank was VND23,750, up 0.04%. It […]

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Retail Asia25/11/2022

On Thursday, the U.S. dollar has weakened against the Vietnamese dong at both banks and unofficial exchange points. Vietcombank sold the greenback 0.004% lower at VND24,854. TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852, down 0.004%. The State Bank of Vietnam set its exchange rate at VND23,671, also down 0.004%. […]

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Retail Asia19/09/2022

The U.S. dollar continued to strengthen and reached its historic high against Vietnamese currency Saturday. The State Bank of Vietnam (SBV) on Saturday morning set the reference rate for the Vietnamese dong at VND23,283, the same as Friday and VND50 higher than early this week. At commercial banks, the Vietnamese dong is at its lowest […]

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Retail Asia22/10/2021

Vietnam’s top private lender, Techcombank, reported a 59.6 percent rise in pre-tax profits for the first nine months of 2021 to VND17.1 trillion ($737.1 million). Loans outstanding were up nearly 16 percent for the year at VND321 trillion. The bank’s bad debt ratio was 0.57 percent, higher than at the beginning of the year but […]

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Retail Asia14/07/2021

Sixteen commercial banks have agreed to reduce interests on existing loans of Covid-hit businesses from now until the end of the year. The banks include Vietcombank, Vietinbank, BIDV, Agribank, Techcombank, MB, VPBank, TPBank and Sacombank. Lowering interests is difficult, but this is the time when banks need to share the burden with businesses, said Nguyen […]

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Retail Asia07/07/2021

Vietnam Report JSC recently announced the nation’s Top 10 prestigious and effective public companies for 2021 with six banks including Vietcombank, ACB, VPBank, VIB, MBBank and Techcombank. Over the past two years, these banks have been recognized by economists and investors for their financial strength and communication capacities, their growth potential, level of sustainable development, […]

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Retail Asia05/04/2021

Vietnam’s largest private lender Techcombank targets an increase of 25 percent in this year’s pre-tax profits to a record VND19.8 trillion ($858 million). It expects credit to grow by 12 percent. Profits rose by 23 percent last year to VND15.8 trillion. It has undistributed profits of VND26.7 trillion, which it plans to use to fund operations. It […]

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Retail Asia01/02/2021

Vietnam’s largest private lender, Techcombank, reported a 23 percent rise in pre-tax profit last year to VND15.8 trillion ($683.62 million). It remained the third most profitable bank in the country behind state-owned Vietcombank and VietinBank. Its revenues rose 28 percent to VND27 trillion, nearly 70 percent of its interest income. The rest mostly comprised income […]

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Retail Asia22/01/2021

Lender VPBank reported a 26 percent jump in pre-tax profit last year to VND13 trillion ($564.24 million). The second and fourth quarters saw its highest ever quarterly profits of VND3.67 trillion and VND3.62 trillion. The lender’s profits exceeded those of state giant BIDV and private lender VIB. Its income was up 7.3 percent to VND39 […]

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