Techcombank announced pre-tax profit in the first quarter reached 7,236 billion VND

Stable financial performance amid challenging environment

In Q1, Techcombank recorded total operating income (TOI) of VND11,611 billion, down 5.3% year-on-year. However, net interest income (NII) remained stable at VND8,305 billion, down only slightly by 2.3%. Net interest margin (NIM) for the 12 months was maintained at 4% - reflecting an effective interest rate management strategy and asset structure, and the cost of capital remained competitive at 3.4%.

The highlight of the period was investment banking (IB) service fees reaching VND1,084 billion, up 44.4% over the same period last year. The quarterly growth of IB services came from both the recognition of issuance advisory fees, as well as from other IB activities, including the increase in fund management fees of Techcom Capital. This reflects the recovery of investor confidence in the capital market (stocks, bonds and other securities) and the attractiveness of diverse investment product packages, designed to serve many different strategies.

In addition, income from foreign exchange and insurance services increased by 50.5% and 26.7% year-on-year, respectively, demonstrating the bank's efforts to diversify non-interest income sources.

Cost-to-income ratio (CIR) remained at a reasonable level of 28.3%, despite continued investments in digital transformation and marketing at the beginning of the year. A 10% reduction in risk provision expenses helped improve credit costs to 0.7%, contributing to supporting profit after tax.

Techcombank recorded first quarter profit exceeding 7,300 billion VND.

"Techcombank started 2025 with positive quarterly business results, closely following the direction set by the bank's management. Pre-tax profit reached more than VND 7,200 billion, the second highest level achieved in the first quarter in the bank's 32-year history, continuing to affirm our long-term growth trend. The bank expanded its credit portfolio by about 4% and maintained its net interest margin and bad debt ratio at stable levels. The CASA ratio showed many signs of acceleration thanks to the positive impact from the accelerated implementation of Techcombank Automatic Profit 2.0. Although it decreased slightly compared to the beginning of the year, it will certainly create momentum for growth in the following quarters.

The US tariff policy has added to the uncertainty of the global economy. But we believe this is also an opportunity for Vietnam to accelerate investment in technology, diversify export markets, and promote domestic consumption. In this context, our investment in data, digitalization and talent, along with the robustness of our business model proven through market cycles and the strength of our balance sheet, make us ready to accelerate and lead in Vietnam's "Era of Growth", said Mr. Jens Lottner - General Director of Techcombank.

Healthy asset quality, CASA maintains top position

As of March 31, Techcombank's total assets reached nearly VND990,000 billion, up 11.7% year-on-year. Credit grew 3.84% year-on-year, reaching VND665,300 billion. Personal loans increased 26.6% year-on-year, notably margin loans recovering strongly following the excitement of the stock market. Corporate loans also increased 13% thanks to the recovery of utilities and telecommunications, real estate, logistics and fast-moving consumer goods (FMCG) sectors.

The non-performing loan (NPL) ratio increased slightly to 1.23%, still within control, with the NPL coverage ratio remaining high at over 111%. The capital adequacy ratio (CAR) according to Basel II reached 15.3%, far exceeding the minimum requirement of 8%, demonstrating strong risk management capacity and capital potential.

Customer deposits increased by 21.9% year-on-year to VND569,855 billion. CASA ratio reached 39.4%, continuing to be among the highest in the industry. The Auto Profit 2.0 version and customer value propositions (CVPs) were the main drivers for the strong growth in CASA from individual customers, while corporate CASA decreased slightly. CASA balance of the individual customer segment, including Auto Profit balance, increased to VND151,800 billion, compared to VND143,900 billion at the end of last year.

The number of e-transactions of individual customers in the first quarter reached nearly 886 million transactions, with a value of more than VND 2.9 million billion, up 30% and 10% respectively over the same period. Techcombank continued to lead with its NAPAS transaction market share even continuing to increase in the first quarter, specifically in issuance (17.6%) and payment (16.4%), demonstrating its superiority in the race to digitize the banking industry.

CASA achieved a rate of 39.4%, with a large contribution from Automatic Profit.

TCBS continues to actively contribute and strengthen the financial ecosystem

TCBS subsidiary recorded pre-tax profit of VND1,310 billion, up 12.9% over the same period. TCBS maintained its position as the top 3 stock broker on HOSE and top 2 on HNX. In the first quarter, TCBS advised on the issuance of VND7,000 billion in bonds (accounting for 57% of market share excluding bank bonds) and distributed more than VND20,300 billion in bonds.

The $230 million syndicated loan from three major international financial institutions, Standard Chartered, Cathay United Bank and SMBC, not only affirms TCBS's financial position but also proves its outstanding international capital mobilization capacity in the context of many fluctuations in the industry.

In the first quarter, Techcombank deployed a banking agent model at 45 WinMart+ points of sale and launched the "Family and Friends Bank" service, opening up a new customer access channel as well as increasing community engagement in the use of financial products. This is a strategic step in realizing the goal of multi-channel distribution and maximizing the potential of cooperative ecosystems.

This service allows customer groups to share offers, save transaction time and optimize benefits - a form of financial personalization that suits modern consumer trends.

Double-digit growth target by 2025

At the upcoming annual general meeting of shareholders, Techcombank will present ambitious financial targets: outstanding credit balance reaching VND745,738 billion (up 16.4%), pre-tax profit reaching VND31,500 billion (up 14.4%) and bad debt ratio continuing to be controlled below 1.5%.

These figures reflect the management's confidence in the economic recovery prospects and Techcombank's pioneering role in applying AI, GenAI, and other technologies, as well as green growth to promote sustainable growth.

In addition, Techcombank continued to be honored as "Best Bank in Vietnam" and "Most Sustainable Bank" by Global Finance and FinanceAsia. The "Best Private Bank" award by Euromoney and "Best Digital Bank in Vietnam" by The Asset Triple A are testament to its customer-centric strategy, along with its leading technology platform.

Source: https://dantri.com.vn/kinh-doanh/techcombank-cong-bo-loi-nhuan-truoc-thue-quy-i-dat-7236-ty-dong-20250422143139264.htm