techcombank ranks third in top 500 most profitable companies

Techcombank ranks third in top 500 most profitable companies

Passing over other banks, Techcombank ranks third among the top 500 most profitable companies in 2019 published by the Vietnam Report.
techcombank champions 15 consecutive quarters of revenue growth

Techcombank champions 15 consecutive quarters of revenue growth

Techcombank, a major commercial lender in the local banking industry, has further cemented its position as a leading bank in Vietnam through reporting pre-tax profit of VND5.7 trillion ($247.8 million) and revenue of VND9.1 trillion ($395.6 million) for the first half of 2019, 32 per cent and 19 per cent increase from the same period last year, respectively.
chairman of hoa phat no longer in billionaires list of forbes

Chairman of Hoa Phat no longer in Billionaires List of Forbes

Hoa Phat Group (HPG) chairman Tran Dinh Long is no longer named on Forbes' 2019 list of billionaires published on March 5, including five Vietnamese names.
after delays local banks eye listing

After delays, local banks eye listing

Several local banks are reportedly determined to list on stock markets in 2019 after delaying last year.
ars runners surpass their limit at latest international marathon

ARS runners surpass their limit at latest international marathon

40 members of Adidas Runners Saigon (ARS) on December 2 attended the Ho Chi Minh City International Marathon Techcombank 2018. This is the debut of ARS, Adidas’ international running organisation since its launch in November.
transparency helps vietnam banks draw foreign investors

Transparency helps Vietnam banks draw foreign investors

Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested.
commercial banks to support wb projects

Commercial banks to support WB projects

Sai Gon-Ha Noi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World Bank.
banks raise charter capital on own power for basel ii

Banks raise charter capital on own power for Basel II

Numerous banks have been raising charter capital to lure in investment and improve their reserves. However, some of them have raised it from retained earnings, and ownership limits and hassles during negotiation have made local banks less attractive.
the bright outlook for techcombank

The bright outlook for Techcombank

The trend of retail lending and the firm credit growth rate have opened a new prospect for Vietnamese banking. Talking with VIR about banking development, Barry Weisblatt, head of research at Viet Capital Securities, has expressed his belief in the Vietnamese banking sector, especially in Techcombank.
techcombanks shares officially listed on hsx

Techcombank’s shares officially listed on HSX

More than 1.1 billion shares of the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) were officially listed on the Ho Chi Minh City Stock Exchange (HSX) on June 4.
164 million techcombank shares sold out to institutional investors

164 million Techcombank shares sold out to institutional investors

Techcombank (UpCOM: TCB) has raised some VND21 trillion ($933.33 million) through its offering of 164.07 million ordinary shares to institutional investors, at VND128,000 ($5.69) a piece. 
moodys upgrades rating of four banks in vietnam

Moody’s upgrades rating of four banks in Vietnam

Moody’s Investors Service has upgraded the long-term local currency deposit and local- and foreign-currency issuer ratings of ACB, MB Bank, and Techcombank from B2 to B1, while affirming the long-term local and foreign-currency deposit and issuer ratings of VPBank at B2 and upgrading its BCA to b2 from b3.
lotte card wholly acquires techcom finance

Lotte Card wholly acquires Techcom Finance

After receiving the approval from the Vietnamese government, Lotte Card yesterday signed a purchase contract to acquire 100 per cent of Techcom Finance from Techcombank to become the first South Korean credit card company to enter the Vietnamese finance market, according to newswire Vneconomy.
techcombank to receive 370 million investment from warburg pincus

Techcombank to receive $370-million investment from Warburg Pincus

Following the reopening of its the foreign ownership limit (FOL) to 8.54 per cent the week before, Techcombank (OTC: TCB) announced today that global private equity firm Warburg Pincus will invest over $370 million into the bank, subject to local regulatory approval.
moodys widening gap in asset quality and profitability performance

Moody's: Widening gap in asset quality and profitability performance

Moody’s rates show that the asset quality of 14 local banks improved moderately year-over-year, while profitability also improved, driven by robust macroeconomic conditions and growth in core incomes.