Techcombank receives many int’l awards

The titles that the bank has won included “Vietnam’s Best Bank in 2016” and “Platinum Award for Best Domestic Bank” from FinanceAsia as well as “Best Bank in Vietnam 2007-2016”, “Best Trade Finance Bank in Vietnam” and “Best Bond House in Vietnam” from the Alpha Southeast Asia magazine.

According to its unaudited business report, Techcombank’s pre-tax profit approximated VND2.04 trillion (US$91.12 million) last year, rising by 43.8% from 2014. Meanwhile, the net interest income climbed 22.8% yearly thanks to credit growth of almost 30%. 

Increased total income, controlled operating expenses and more effective operations helped cut down the cost/income ratio for the second straight year, from 47.2% in 2014 to 39.5% in 2015. 

Techcombank’s total assets were valued at over VND192 trillion (US$8.57 billion) in 2015, up 9.2% from the previous year. 

Last year, the bank mobilised VND142.24 trillion (US$6.35 billion) from its clients, up 8% annually, while outstanding loans were at more than VND111.62 trillion (US$4.98 billion), nearly VND31.32 trillion (US$1.4 billion) higher than 2014. 

Techcombank currently has 312 branches and transaction offices, over 1,200 ATMs and 1,600 transaction points, serving more than 4 million people and 102,000 enterprises.