Transaction at Techcombank (Photo: VNA) It also targetscredit growth of 12 percent or higher and deposit growth of at least 14.7percent, while keeping bad debts under 2 percent.
More than 6million bonds worth 10,000 VND each will be issued under an employee stockownership plan (ESOP). Techcombank’s charter capital is then to surpass 35.1trillion VND.
The bank posted a pre-taxprofit of 15.8 trillion VND in 2020, an increase of 23.1 percent against 2019.
As of the end ofDecember, its total assets had risen 14.6 percent from the start of the year tonearly 440 trillion VND.
Mobilised capitalhit 289.78 trillion VND last year, up 22.1 percent year on year, whileoutstanding loans were valued at 318.03 trillion VND, up 23.3 percent.
Its capitaladequacy ratio stood at 16.1 percent, higher than the 8 percent stipulated bythe State Bank of Vietnam. Bad debts contracted to 0.5 percent from 1.3 percent,after overdue outstanding debts of 3.36 trillion VND were handled.
According to BrandFinance, Techcombank’s brand value rose 30 percent last year to 524 million USD,from 401 million USD a year earlier.
It also leapt 57places to 270th in the world’s 500 most valuable banking brands in 2021./.
VNA
