Bank-wide Management Report
Techcombank – Vietnam’s first private bank to reach a consolidated profit of
USD 1 BILLION
35.4 % YoY
VND 37.1 trillion
thanks to stable growth and revenue diversification
47.1 % YoY
~ USD 1 billion
50.5 %
21.7 %
3.7 %
0.7 %
15.0 %
Retail Banking Group (RBG)
29.4% YoY
VND 568.7 trillion
Healthy balance sheet despite the challenges caused by the pandemic.
14.1% YoY
VND 348.4 trillion
24.7% YoY
VND 93.0 trillion
Total WB deposits at the end of 2021 were VND 46.5 trillion, +8.9% YoY. The average CASA balance increased 67.8% YoY, while the CASA ratio remained high at 55.3%.
As efficiency improved, TOI generated by WB rose to VND 10.3 trillion (+72.5% YoY), of which NII accounted for VND 9.1 trillion (+77.2% YoY) and NFI for VND 1.2 trillion (+44.1% YoY), achieved through strong growth of trade finance – i.e
Letters of Credit (LC) and cashflow management. Total outstanding credit to WB customers on 31 December 2021, including loans and bonds, increased to VND 184.3 trillion, +14.3% YoY, but average credit reached VND 178.6 trillion, +34.3% YoY. The NPL ratio of WB customers continued to be managed at 0.02%. Relating to COVID support program, nearly 87% of our customers who had rescheduled loans with us were cured by end of last year, providing WB significant headroom to expand the loan book more strongly in 2022 and beyond.
Global Transaction Service (GTS)
112%
39.7%
34.3%
46.7% YoY