Techcombank to issue 3.5 million shares to employees Business

Techcombank to issue 3.5 million shares to employees

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue more than 3.5 million shares for its employees in the form of an employee stock ownership plan (ESOP) at the price of 10,000 VND per share.
Banks, insurers boost bancassurance to get returns Business

Banks, insurers boost bancassurance to get returns

Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
Techcombank’s pre-tax profit doubles in first half Business

Techcombank’s pre-tax profit doubles in first half

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) posted a record pre-tax profit of 5.19 trillion VND (223.5 million USD) in the first half of the year – approximately double that of the same period in 2017.
Commercial banks to support WB projects Business

Commercial banks to support WB projects

Saigon-Hanoi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World Bank.
Techcombank wants no foreign ownership Business

Techcombank wants no foreign ownership

The Vietnam Technological and Commercial Joint Stock Bank has no foreign stakeholder following HSBC Bank plc’s divestment in July, and has requested shareholders to approve zero foreign ownership.
Techcombank prepares for UpCom listing Business

Techcombank prepares for UpCom listing

Around 887.8 million shares of Techcombank were deposited at the Vietnam Securities Depository (VSD) on December 13, the first step to trading shares on the Unlisted Public Company (UpCom) market.
TP Bank gets B2 rating from Moody’s Business

TP Bank gets B2 rating from Moody’s

For the first time, US ratings agency Moody's Investor Service assigned B2 long-term local and foreign currency deposit and issuer ratings to Tien Phong Commercial Joint Stock Bank (TP Bank).