• Total Operating Income (TOI) increased by 20% year-on-year (YoY).
  • Capital Adequacy Ratio (CAR) of 15.9% - well above SBV’s regulatory requirement of 9%.

 Vietnam's economic growth in 2018 is forecasted to be the second fastest in the Asia-Pacific region. As GDP in the first 6 month grew by 7.08% (YoY), Vietnam is well on track to achieve this forecast. 7.08% is also the highest growth rate recorded since 2011.


In addition to the positive signals of the economy, Techcombank’s performance in the first 6 months of 2018 reinforced its position as the leading bank. Techcombank’s unaudited profit before tax reached VND5,196 billion – approximately doubling that of the same period in 2017. In addition, the Bank’s return on equity (ROE, %) and return on assets (ROA, %) were 24.32% and 3.16%, respectively.

Techcombank’s total operating income (TOI) increased by 20% YoY. Furthermore, the Bank’s focus on strengthening and deepening relationships with business partners to diversify its income brought non-interest income to 41.7% of TOI. Income from business activities showed impressive growth in comparison to 2017, especially fee income (up 8% YoY).

Strictly following its strategy, Techcombank continues to transition from providing medium- and long-term loans to short-term loans. Its loan balance increased by 4% from 2017 year end, reaching VND166.7 trillion as at 30 June 2018. Deposits grew by 9% from 2017 year end to VND 186.3 trillion, of which current account and saving account balance (CASA) made up 25%. Capital adequacy ratio (CAR) was 15.9% well above SBV’s regulatory requirement of 9%.


By continuing to make strong investments in human resources, technological platforms and infrastructure, as well as by managing costs, the cost/income ratio (CIR) was reduced to 27.94% in the first 6 months of 2018 (down from 29.09% as of the same period in 2017).

The financial results through the first six months of 2018 reinforce Techcombank’s strategy, direction as well as its capacity to implement and execute. The bank continues to strengthen its leading position in operational efficiency and sustainability among Vietnamese Joint Stock Banks as rated by the world leading rating agencies (S&P, Moody’s) and consultancy firms (McKinsey and Korn Ferry – Hay Group).

The year 2018 marks many notable milestones of the Bank such as its official listing on the Ho Chi Minh Stock Exchange (HOSE) under the ticker TCB on 4 June 2018 and the 25th anniversary of the Bank’s establishment (27 September 1993 – 27 September 2018). Also in 2018, the internationally-recognized Moody’s Investors Service (Moody’s) upgraded its rating for Techcombank to “B1” with a “stable” outlook – in line with Vietnam’s sovereign rating. Credit rating agency Standard and Poor’s (S&P) also upgraded its rating on Techcombank’s capital and earnings to “moderate”, the highest ranking among all Vietnamese banks assessed by S&P. 

Riding on the back of the positive economic and market outlook in the remaining 6 months of 2018, Techcombank, with its tailored solutions and market-leading service quality, will continue to attract more customers from its targeted Affluent and Mass Affluent segments. In addition, the Bank’s investment in modern technological platform, its commitment to the customer-centric strategy and focus on developing its workforce as well as its risk management and operation systems, will be the driving forces behind Techcombank’s effort to strengthen its leadership.