22 July 2024
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.
1H24 TECHCOMBANK RESULTS: Robust results across all key business lines
“In 2Q24 Techcombank’s momentum continued as we delivered another quarter of robust broad-based financial performance with both TOI and PBT YoY growth exceeding 30% for the second quarter in succession. Non-performing loans stayed below 1.3%, while our CAR improved to 14.5%. The Bank’s sustained financial performance and growth trajectory enabled us to pay a cash dividend of VND1,500/share in the quarter.
Our first Techcombank Keynote event was a success and showcased how we are leveraging our digital platforms, data and AI capabilities to create meaningful experiences for customers and deliver faster, more profitable growth for Techcombank. In another first, Techcombank is now the only bank in Vietnam to ever be named “The Best bank” by Euromoney, FinanceAsia and Global Finance, all in the same year.” - 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
