Highest quarterly profit in history
Business results for the first 6 months of 2025 continued to demonstrate Techcombank 's flexibility and high adaptability. Accordingly, net interest income (NII) reached VND 17.4 trillion, down slightly by 3% year-on-year. However, net interest margin (NIM) showed signs of positive recovery, improving from 3.7% in the first quarter to 3.8% in the second quarter, showing improvement in profitability and optimization of operating efficiency each quarter.
Service income (NFI) in the first 6 months of the year is a clear demonstration of the Bank's correct strategy, with many segments recording breakthrough results. For example, Investment Banking (IB) service fees grew explosively by 30.2% over the same period, reaching VND 2,333 billion. This is the segment with the most impressive contribution, continuing the success since 2024. In the second quarter alone, a record IB fee of VND 1,412.1 billion was recorded, an increase of nearly 36% over the same period, affirming Techcombank's leading position in bond issuance advisory, distribution and brokerage services.
The success of launching innovative foreign exchange products, meeting the diverse needs of individual customers for the purposes of tourism , study abroad and settlement, helped revenue from foreign exchange services grow spectacularly by 57.7%, reaching VND 584 billion.
Bancassurance service fees grew steadily by 17.6%, reaching VND452.2 billion. Techcombank continued to affirm its position in the top market, with annualized premium (APE) ranking 3rd in the industry.
In the first half of the year, card service fees decreased by 24.7%, reaching VND769.4 billion. The decline is consistent with the trend of shifting from card payments to other forms of payment such as QR codes (Techcombank holds the No. 1 market share, according to VietQR).
Operating expenses (OPEX) were effectively controlled, remaining almost flat compared to the same period last year, at VND7.1 trillion. As a result, the cost-to-income ratio (CIR) was maintained at an impressively low level of 29.2%.
Provision expenses for risks decreased sharply by 26.3% compared to the same period, to only VND2,104 billion, thanks to the asset quality of the home loan and credit card portfolio. Accordingly, credit costs continued to improve to only 0.6% at the end of the second quarter and 0.4% after collecting from debts handled by risk provisions.
As a result, Techcombank's pre-tax profit in the first 6 months of the year was VND15.1 trillion, with VND7.9 trillion in the second quarter alone, 9.2% higher than the first quarter and the highest quarterly profit in the Bank's history.
Total assets surpass 1 quadrillion VND, CASA recovers impressively
As of June 30, 2025, Techcombank's total assets reached VND 1,038 trillion, an increase of more than 6% compared to the beginning of the year, marking the first time the Bank's total assets exceeded the VND 1 trillion mark - a testament to its sustainable development and growing customer trust in Techcombank.
In the banking sector alone, credit grew by 10.6% to VND708.9 trillion - ensuring appropriate growth to maintain the loan-to-deposit ratio (LDR) and the ratio of short-term capital for medium- and long-term lending at levels significantly lower than the limit prescribed by the State Bank of Vietnam (SBV).
Credit demand grew evenly and strongly in both the individual and corporate customer segments. Personal credit grew by a remarkable 26.6% year-on-year, reaching VND316 trillion. The main driving force came from home loans, business loans, and margin loans. In particular, the growth in margin loans was completely consistent with the positive developments of the stock market, when the VN-Index recorded strong growth.
Corporate credit grew by 15.4% year-on-year to VND442.9 trillion. The bank continued to be a trusted partner of leading businesses, with the highest growth recorded in the Utilities and Telecommunications sector (+52.6% year-on-year), followed by the FMCG, retail and logistics sectors, up 14.7%.
Total customer deposits reached VND589.1 trillion, up more than 10% compared to the beginning of the year. A special highlight was the strong recovery of non-term deposits (CASA), recording a growth of 7.9% compared to the first quarter. This success came from comprehensive and attractive financial solutions such as "Automatic Profit 2.0" and business households, which increased by 29.9% compared to the same period last year, reaching VND158.9 trillion. CASA of corporate customers increased by 16.1% compared to the same period.
This impressive CASA growth not only helps the Bank optimize capital costs but also affirms the deep commitment of customers to Techcombank's product and service ecosystem.
Techcombank continues to maintain its position as one of the banks with the best capital foundation and risk management in the system. As of the end of the second quarter, the loan-to-deposit ratio (LDR) was only 82.4% and the ratio of short-term capital for medium and long-term loans was 26.4%, significantly lower than the limit prescribed by the State Bank.
Basel II capital adequacy ratio (CAR) reached 15.0%, nearly double the minimum requirement, creating a solid capital buffer for future growth.
Although the consolidated non-performing loan (NPL) ratio edged up slightly to 1.32% in the general context, the quality of the Bank's credit portfolio remained healthy. Notably, the NPL ratio excluding outstanding loans at CIC was only 1.05%. The NPL coverage ratio (LLCR) continued to be maintained at a safe level of 106.4%, demonstrating the Bank's proactiveness and prudence in risk management.
“Techcombank recorded its highest quarterly profit before tax ever, in line with the Board of Directors’ guidance for the year. Credit growth reached double digits, reflecting the demand from businesses and people as well as Vietnam’s positive economic growth momentum,” said CEO Jens Lottner.
We became the first bank in Vietnam to implement a fully digital branch model, affirming our commitment to sustainable development. At the same time, Techcombank continues to make its mark as the only bank to be honored as “Best Bank in Vietnam” by three prestigious international organizations: Euromoney, FinanceAsia and Global Finance - for the second consecutive year.
Pioneering digital transformation, connecting international investment |
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Source: https://baodautu.vn/techcombank-cong-bo-loi-nhuan-quy-ii-dat-dinh-cao-nhat-trong-lich-su-79-nghin-ty-dong-d338185.html
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