Techcombank wins A rating in competitive capacity

This is according to the Credit Rating of Vietnam annual report 2012 (CRV Index 2012) announced in Hanoi on September 8, 2012 by the President’s Office, Vietnam Chamber of Commerce and Industry (VCCI) and CRV Company.

The result was delivered by a panel consisting of leading prestigious professors and doctors based on banks’ market strength, business performance efficiency and financial capacity.

“The award is of great significance to Techcombank as it would help foster confidence by customers and partners into the bank for the past 19 years development journey,” said Techcombank’s chairman Ho Hung Anh.

“The bank will strive further to hold on the top credit rating in CRV annual reports in the following years as well as contribute a part to local banking system and the country’s economy healthy development,” Anh said.

Techcombank is one among top nine banks winning grade A rating parallel to Vietcombank, VietinBank, ACB, BIDV, DongA Bank, Eximbank, Military Bank and Sacombank.

Techcombank’s market strength leverages on its expansive network with more than 300 branches and transaction offices and 1,250 ATMs positioned in 44 provinces and municipalities.

In the face of current economic turbulence Techcombank’s capital adequacy ratio (CAR) always stays high at 11.29 per cent, much higher than State Bank regulated 9 per cent and safe outstanding loan/deposit amount rate of 64.25 per cent.

In 2012, with the aims to constantly ameliorate product and service quality and boost competitive advantages Techcombank has ramped up investment into core fundamentals for development as its headquarters, networking equipment, technology and risk management system.

Its new headquarters will come into place from September 17, 2012 at 191 Ba Trieu Street in Hanoi’s downtown (formerly Vincom office tower B site) to bring greater comfort to customers in doing transactions with Techcombank and simultaneously satisfy the bank’s growing needs for services expansion.

Gigantic efforts by the bank executives and entire staff members were acknowledged by many prestigious organisations at home and abroad through noble awards, particularly the 19 international awards Techcombank won in the past two years.