• Total Operating Income (“TOI”) reached VND13,294, a year-on-year increase of 25%.
  • Return on average equity (“ROAE”) was 25.4%, consistently among the highest in the region.


Vietnam continued its fast economic growth in the first 9 months of 2018, with GDP growth of 6.98% from same period last year and highest growth rate since 2011. This is a result of actions taken by the government to address rising materials and commodities prices stemming from the U.S – China trade war.

Exchange rates remained stable thanks to prompt and effective measures by the State Bank of Vietnam (“SBV”), thereby cushioning the adverse impact from the trade war and the interest rates hike by the US Federal Reserve banks (“Fed”). Both of these issues led to incresed volatility in stock markets across the world.

In addition, the SBV also stepped up its efforts in raising the standards for the banking sector’s risk management and operational effectiveness. Such as maintaining moderate yoy credit growth rates to manage inflation and improving regulations for bad debt resolution.

Against that backdrop, Techcombank continues to showcase its ability to deliver sustainable growth and best-in-class business performance not only in Vietnam but also in the region. Techcombank’s TOI in the first nine months of 2018 was VND13,294 billion, an increase of 25% from the same period last year. In addition, the Bank continues to diversify its revenue base, in line with its strategic direction. Share of income from credit activities declined from 53% to 48%.

Techcombank’s year-to-date PBT hit VND7,774 billion, a year-on-year increase of 61%. PBT growth far exceeded TOI growth as a result of the Bank’s effort in clearing its VAMC balance.

The balance sheet structure is also transforming in line with the Bank’s strategic direction. As of the end of September 2018, Techcombank’s ratio of short-term funding to medium- and long-term lending dropped as low as 34.17%, adhering to the SBV’s plan to reduce this ratio to 40% by January 1st 2019. This was to safeguard the Bank’s ability to serve customers before the year-end without facing mid-to long-term constraints by the SBV.

In addition, total loans to large corporates, and small and medium enterprises (“SMEs”) will be approximately the same share as loans to retail customers. The balancing of the loan book between retail customers and businesses aims to reduce credit risk, thereby improving operational efficiency.

Techcombank’s CAR at the end of September 2018 was 14.33%, 2.31% higher than the same period last year thanks to equity growing faster than risk weighted assets. This reflects the Bank’s prudent approach in managing credit growth and strictly following the SBV’s guidance. Techcombank enjoys one of the best asset qualities in the sector. 
As of the end of September 2018, Techcombank reported ROAE of 25.4%[1] and return on average assets (“ROAA”) of 3.2%[2]. Both of these metrics are among the best in the country and the region.

At the same time, Techcombank continues to improve its market position on consumer payment solution. According to the latest report by Visa, Techcombank holds the number one position in transaction volumes in both Visa Credit and Debit cards. This milestone is a mark of Techcombank’s relentless effort in delivering its customer-centric strategy, especially its commitment to meet customers’ financial and transactional needs. And also follow the government directive of reducing cash transaction volume in Vietnam.

These outstanding achievements are results of the Bank’s strategic investments over the past years in fundamental areas such as human resources, data analytics and IT. Techcombank aspires to meet the financial needs of all retail and business customers, thereby enabling them to accomplish higher goals and to be greater in their lives.


[1]On a last-twelve-month (LTM) basis ending September 2018
[2]On a last-twelve-month (LTM) basis ending September 2018