Wednesday, 04/12/2024
   
Vietnam Technology and Commercial Joint Stock Bank (Techcombank)

Vietnam Technology and Commercial Joint Stock Bank (Techcombank)

Chairman

Mr Hồ Hùng Anh

CEO

Mr Jens Lottner

Authorized capital

Head Office

No. 6 Quang Trung Street, Tran Hung Dao Ward, Hoan Kiem District, Hanoi City

Website

https://techcombank.com/

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Vietnam Technological and Commercial Joint Stock Bank (Techcombank) was established in 1993 with an initial capital of VND 20 billion.

Techcombank's headquarters is located at No. 6 Quang Trung Street, Hoan Kiem District, Hanoi.

The bank currently has branches and headquarters in all provinces and cities nationwide with more than 11,882 employees (as of the first quarter of 2020).

Techcombank has been awarded many financial and banking awards by many Vietnamese and international organizations, and is considered one of the leading prestigious banks in Vietnam.

(Source Techcombank)

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Vietnamese banks envisage distributing dividends to their bank shareholders this year.

Banks show positive results during third quarter

Techcombank announced that pre-tax profit in the first nine months of this year reached VNĐ22.8 trillion, up 33.5 per cent over the same period last year.

Year-end credit growth driven by industrial sector

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Techcombank to launch new non-life insurance company

Techcom Non-Life Insurance Joint Stock Company (TCGIns) has received approval from the Ministry of Finance and is scheduled to begin operations in early November.

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While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.

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Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.

Vietnamese banks aim to become among top 100 in Asia

Credit capacity, low interest rates, and comprehensive digital transformation are key areas that Vietnam's commercial banking system must focus on to break into Asia's top 100 banks.

Banking Innovation in the Digital Age

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Banks still counting profit from securities trading

Despite market volatilities, many banks still count healthy profits from securities trading.

Techcombank scoops three prestigious awards by Asian Banking & Finance magazine

Hanoi-headquartered Techcombank has won three prestigious awards from financial publication Asian Banking & Finance.

Bad debts remained a challenge for banks in H1

Banks' non-performing loans continued to grow in the first half of this year, with some banks even witnessing double-digit growth, whereas their loan loss reserve ratio trended downwards.

Vingroup, Techcombank propose lower interest rates and extended loan terms for social housing

Private conglomerate Vingroup and Vietnam Technological and Commcercial Joint Stock Bank (Techcombank) have proposed a new preferential credit package for social housing.

Low lending rates may boost credit growth

A slight increase in deposits recently has not affected lending rates, which banks are keeping low in hopes of facilitating the flow of credit.

Banks limits foreign room, waiting for strategic buyers

Commercial banks have been holding back on increasing their foreign ownership ratio, or foreign room, to wait for suitable strategic buyers in the future, according to industry leaders and insiders.

Larger lenders in good growth stead

Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.

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