techcombank adjusts fol to 854 per cent to approach foreign investors

Techcombank adjusts FOL to 8.54 per cent to approach foreign investors

Techcombank on March 3 announced at its annual general meeting (AGM) that it has lifted its foreign ownership limit (FOL) to 8.54 per cent in a quest to offload its treasury shares bought back last year from HSBC to foreign investors potentially from the US or the EU.
manulife vietnam raises 30 million for heartbeat vietnam

Manulife Vietnam raises $30 million for Heartbeat Vietnam

Manulife Vietnam has raised VND115 million ($5,061) to support Heartbeat Vietnam, a programme running in the framework of the 2017 Techcombank Ho Chi Minh City International Marathon, increasing the total funds raised by Manulife Vietnam to VND700 million ($30,811) since August 2017.
techcombank temporarily fixes foreign ownership limit at zero per cent

Techcombank temporarily fixes foreign ownership limit at zero per cent

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) announced a foreign ownership percentage of zero per cent followed by HSBC Bank’s divestment in July and its stakeholders’ request for temporary zero foreign ownership in late August.
lotte expands vietnam ops

Lotte expands Vietnam ops

Lotte Card’s purchase of TechcomFinance from Techcombank is considered a move to expand in Vietnam and break into the $26.55-billion consumer finance market, which has been showing signs of rapid development.
techcombank to sell 500 million shares in two phases

Techcombank to sell 500 million shares in two phases

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will put 500 million shares on sale in two phases.
analysis basel ii bank performances

Analysis: Basel II bank performances

Updated financial reports coming from nine out of 10 banks, consisting of Vietcombank, Vietinbank, BIDV, VIB, ACB, Techcombank, VPBank, MB, and Sacombank (leaving Maritime Bank out of the list as its latest reports were dated 2015) that are to implement Basel II requirements by 2018, showed that the percentage of income generated by banks arose chiefly from credit activities.
vietnam airlines and techcombank to start new airline

Vietnam Airlines and Techcombank to start new airline

Vietnam Airlines Corp. plans to set up a new airline from the restructuring of its subsidiary Vietnam Air Services Co. (VASCO), said Pham Ngoc Minh, chief executive officer of the national carrier in an interview with Bloomberg on Tuesday.
moodys rewards techcombanks performance

Moody’s rewards Techcombank’s performance

Moody's Investors Service has upgraded the long-term deposit and issuer ratings of Vietnam Technological and Commercial Joint Stock Bank (Techcombank) from B3 to B2.
techcombanks accumulated profit for 1st half of 2015 is vnd 1032 billion achieving 516 target for 2015

Techcombank’s accumulated profit for 1st half of 2015 is vnd 1,032 billion, achieving 51.6% target for 2015

In 2015, Vietnam’s economy maintains its stability and has signs of recovery, yet faces many challenges for the economy and the banking sector.
techcombank granted two prestigious international awards

Techcombank granted two prestigious international awards

The Vietnam Technological and Commercial Joint Stock Bank, one of leading commercial banks in the country, has just received two prestigious international awards, Best Retail Bank in Vietnam and Best Corporate Bank in Vietnam in 2015, by the Global Banking & Finance Review- a leading financial and banking magazine in the UK.
dollar rates soar in the market

Dollar rates soar in the market

The selling rate of the dollar at Technological and Commercial Joint Stock Bank (Techcombank) was VND21,430 on December 15, the highest among commercial banks.
techcombank wins stp award

Techcombank wins STP Award

Vietnam Technological and Commercial Joint Stock Bank, commonly known as Techcombank, has won the Straight-Through- Processing (STP) Award by Citibank for its advanced payment capabilities.
techcombanks 3q2014 profit gallops

Techcombank’s 3Q2014 profit gallops

Techcombank just reported its rapid profit growth in the last three quarters, with pre-tax accumulated profit soared 55.1 per cent on year to VND 1,163 billion ($54.9 million), accounting for 98.5 per cent of the targeted profit in 2014.
techcombank appointed to support metro no2 project

Techcombank appointed to support Metro No.2 project

On October 13 the governor of the State Bank of Vietnam (SBV) issued Decision No. 2054/QD-SB on appointing Techcombank to support the Sustainable Urban Transport project, namely Metro No. 2, sponsored by the Asian Development Bank (ADB).
q1 bank results on the up

Q1 bank results on the up

According to its financial statement from the first quarter, Techcombank achieved consolidated pre-tax profit of VND673 billion ($32 million), up 69 per cent on-year and equivalent to 57 per cent of the annual target.