Techcombank plans to pay cash dividends of more than VND 7,086 billion in October

On September 15, Vietnam Technological and Commercial Joint Stock Bank (Techcombank - stock code TCB) announced its plan to pay cash dividends in 2024 at a rate of 10% of par value (equivalent to VND 1,000/share). With more than 7.08 billion shares in circulation, the total amount of dividends Techcombank is expected to pay is more than VND 7,086 billion.

Customer transactions at Techcombank branch.

The 2024 cash dividend plan was approved by the 2025 Annual General Meeting of Shareholders along with all proposals and resolutions, including the 2025 Business Plan.

Accordingly, the right exercise rate is 10%/share (1 share receives 1,000 VND), calculated on the total number of outstanding shares at the time of closing the list of entitled to receive cash dividends.

The expected amount of cash dividend payment of more than VND 7,086 billion will be taken from the bank's undistributed profits after setting up funds as of December 31, 2024 according to Techcombank's audited separate and consolidated financial statements for 2024.

Techcombank ensures that dividend payments meet specific conditions as prescribed by law on conditions for dividend payments. The Bank also ensures that it fulfills its tax and financial obligations and sets aside sufficient funds as prescribed by law. At the same time, after paying cash dividends, Techcombank still ensures the capital safety ratio, other safety indicators as prescribed by law, the State Bank and ensures the ability to pay other due debts.

Techcombank has also just announced a second quarter profit of VND7,900 billion, with positive business results showing outstanding operating efficiency in the context of a volatile general market. The bank's total assets also surpassed VND1,000 billion for the first time, while maintaining the highest CASA ratio in the industry.

Pioneering in digital transformation and international investment connections, Techcombank continues to be a trusted choice for the Vietnamese people. The bank closed the first 6 months of 2025 with nearly 16.5 million customers, attracting nearly 1.2 million new customers. Notably, 57.6% of new customers joined entirely through digital platforms, demonstrating the appeal and convenience of Techcombank digital banking.

Customer confidence is demonstrated through nearly 1.9 billion individual customer transactions via electronic channels in 6 months, up 28% over the same period with a total transaction value of VND6 million billion.

With these impressive figures, Techcombank continues to maintain its number one position in the market in both card issuance (market share 17.5%) and payment (market share 16.1%) according to NAPAS statistics.

Last July, Techcombank was also honored as the only Vietnamese bank to receive three prestigious awards for “Best Bank in Vietnam” for two consecutive years, 2024-2025, presented by Euromoney, Global Finance and FinanceAsia.

HONG ANH

Source: https://nhandan.vn/techcombank-du-kien-tra-co-tuc-tien-mat-hon-7086-ty-dong-trong-thang-10-post908245.html