Techcombank posts pre-tax profit of over 750 million USD in 9 months

Techcombank posts pre-tax profit of over 750 million USD in 9 months (Photo: VNA)

Hanoi (VNA) - The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) announced on October 20 that it had recorded a pre-tax profit of 17.1 trillion VND (753.5 million USD) in the first nine months of 2021, up 59.6 percent year-on-year.

According to this announcement, the Current Account Saving Account (CASA) balance at Techcombank increased by 59.1 percent in the past 12 months and reached 155 trillion VND, in which CASA of individual and corporate customers rose by 27 percent and 114.8 percent over the same period last year, respectively. The CASA ratio reached 49 percent at the end of the third quarter of 2021, up from 46.1 percent against the previous quarter – the highest of the sector so far.

The bank's capital adequacy ratio (CAR) according to Basel II reached 15.2 percent, higher than the minimum requirement of 8.0 percent. The bad debt ratio reached 0.6 percent, while the debt service coverage ratio (DSCR) was 184 percent, higher than the 259 percent at the end of the second quarter.

During January-September, Techcombank attracted about 870,000 new customers, bringing the total number of customers to 9.2 million. The volume and value of transactions via electronic channels of individual customers in the period reached 456 million transactions (up 78.1 percent year-on-year) and 6.3 quadrillion VND (up 91 percent), respectively./.

VNA