21 January 2025
This livestream event is a quarterly virtual meeting designed for analysts and institutional investors, where Techcombank announces its remarkable business performance results. Techcombank’s executive team will deliver a comprehensive presentation on financial results, outlook, strategy and business updates. The event also includes Q&A section in which speakers will answer audiences’ questions in details.
FY24 TECHCOMBANK RESULTS: Ready to lead the banking sector in the AI era
“Techcombank achieved TOI and PBT growth of 17.3% and 20.3% YoY respectively in 2024, delivering on our full year guidance. Today, Techcombank serves over 15 million customers, our credit book has grown by 20.85%, with our NPL ratio improving to 1.17%.
Various successful data-led offerings, such as Auto-earning, Techcombank Rewards, and new solutions for merchants have positively driven our CASA balance by 27% in 2024 and resulted in CASA ratio of 40.9% by the end of the year.
While the global economic landscape looks uncertain, Vietnam’s growth is robust, and our forecast is upbeat. In 2025 we will continue to expand our ecosystem with a revamped insurance proposition and increase our commitment to sustainability and risk diversification. This strategy, enabled by our advanced technology capabilities and unparalleled customer centricity, means we are ready to seize new opportunities and deliver superior value to shareholders in the years ahead.” – Jens Lottner – Techcombank CEO
Techcombank would like to share with investors key regulatory changes with regards to investment in shares of credit institutions in Vietnam under the new Law on Credit Institutions (CIs), which shall take effect from 1st July 2024.
| Category | Rating |
|---|---|
| Stand-alone Credit Profile | aa- |
| External Support | +0 |
| Issuer Credit Rating | AA- |
| Outlook | Stable |
| Category | Rating |
|---|---|
| Issuer Rating | Ba3 |
| LT Deposit rating | Ba3 |
| Baseline Credit Assessment | Ba3 |
| Counterparty Risk Rating | Ba2 |
| Outlook | Stable |
| Category | Rating |
|---|---|
| Issuer Credit Rating | BB-/Stable/B |
| Stand-alone Credit Profile | bb- |
| Outlook | Stable |
| Category | Rating |
|---|---|
| Stand-alone Credit Profile | a+ |
| External Support | +0 |
| Issuer Credit Rating | A+ |
| Outlook | Stable |
| Category | Rating |
|---|---|
| Issuer Credit Rating | BB-/Stable/B |
| Stand-alone Credit Profile | bb- |
| Outlook | Stable |
09 AUG 2024
[Hanoi, 9 August 2024] FiinRatings has upgraded the Long-Term Issuer Credit Rating on Vietnam Technological and Commercial Joint Stock Bank (“Techcombank” or “the Bank”) to ‘AA-’ from ‘A+’, while maintaining the Bank’s ‘stable’ rating outlook. Vietnamese banking sector rating stands at “a-”.
03 NOV 2023
First-time Long-term Issuer Rating by FiinRatings
Techcombank Tower – No.6 Quang Trung St., Tran Hung Dao Ward, Hoan Kiem Dist., Hanoi, Vietnam
+84 (24) 3944 6368
+84 (24) 3944 6395
ir@techcombank.com.vn
