What to see from Techcombank's shareholders meeting this year

The biggest commitment the Board and Management are pursuing is to achieve a value of $20 billion by the end of 2025.

Issued more than 21 million ESOP shares, paid 10% cash dividend

In 2024, Techcombank 's total operating income increased by 17.3%, pre-tax profit increased by 20.3% compared to 2023; The bad debt ratio of group (3-5) decreased to 1.17%; The ratio of operating expenses/revenue decreased to 32.7% compared to 33.1% compared to the previous year, contributing to improving the return on equity (ROE) by over 70 basis points, reflecting the bank's effective cost control and solid profitability. The parent bank's credit growth reached 20.85%; and set a new record for CASA demand deposit balance at VND 231,000 billion, up 27% compared to before... "Techcombank has never been as strong and successful as it is today" - Mr. Jens Lottner, General Director of Techcombank Jens Lottner emphasized.

The above results are the basis for Techcombank to decide to pay cash dividends at a rate of 10% (lower than the previous year's 15%). With nearly 7,065 billion shares in circulation, the amount Techcombank plans to pay in cash dividends is nearly 7,065 billion VND. Techcombank's Board of Directors believes that "the dividend policy is the Bank's commitment to bring superior value and connection to shareholders. By investing in Techcombank, shareholders will have direct income from cash dividends, while still optimizing benefits from the potential for price appreciation based on the Bank's leading position in the financial market in Vietnam and in the region..."

The General Meeting of Shareholders also approved the ESOP share issuance plan, with the expected number of shares to be issued being 21,388,675 shares, equivalent to 0.30275% of the number of outstanding shares. The expected issuance time is in the third or fourth quarter of 2025.

Regarding the 2025 business plan, Techcombank targets pre-tax profit of VND31,500 billion, up 14.4% compared to 2024; credit is expected to increase by VND745,738 billion, up 16.4% or higher according to the credit growth rate approved by the State Bank. The bad debt ratio will continue to be controlled around 1.5%.

Safe strategy, strong growth

Answering the shareholder's question about the possibility of achieving the market capitalization target of 20 billion USD by the end of 2025, Techcombank Chairman of the Board of Directors Ho Hung Anh said: Currently, Techcombank's equity is approximately 170,000 billion VND. With expected profits this year, along with some favorable conditions such as the return of the bond market, the recovery of the real estate market (Techcombank's strength)... The biggest commitment that the Board of Directors and the Executive Board are pursuing is to achieve a value of 20 billion USD by the end of 2025.

Regarding TCBS's IPO plan, Mr. Ho Hung Anh said that the Bank has worked with one or two major investors; and the investors all highly appreciate TCBS's position. It is expected that we will conduct TCBS's IPO this year, at the end of the year. However, this will depend a lot on the financial market, market trends, and some issues related to upgrading the Vietnamese stock market.

Regarding the orientation of expanding financial products and services in the coming time, Techcombank General Director Jens Lottner said: The bank will continue to expand new customer segments and integrate more deeply into the actual needs of customers. Different from the multi-industry ownership or investment model, Techcombank's ecosystem is built on the basis of the common target customer segment of the ecosystem, through a modern technology platform, investing heavily in AI, GenAI and data.

For example, Techcombank's Auto Earning product. Basically, this is a product in which idle money in a customer's account, when reaching a certain level, will automatically be calculated at a higher interest rate than demand deposits. "By the end of 2024, 2.3 million customers had registered for this service, and the number had increased to 3.1 million by the end of the first quarter of 2025. Thus, in just one quarter, 800,000 more customers activated the auto earning function," said Mr. Jens Lottner.

Mr. Jens Lottner affirmed: Techcombank's core differentiation lies in its ability to use technology and comprehensively connect all touch points inside and outside the Bank; from online to offline; from financial to non-financial to optimize customer experience, maximize lifetime value, and effectively control risks. To date, Techcombank and its partners in the ecosystem have been able to reach more than 25 million customers, creating a significant competitive advantage thanks to its superior data capabilities. The synergy in the ecosystem helps optimize the cost of attracting and retaining customers and expanding the sales force, while expanding the scale of profits in a breakthrough way, which is difficult for traditional banking models to achieve. With the vision of becoming the leading financial services group in Vietnam and the region, Techcombank continues to accompany strategic partners to maximize the potential of digital platforms, leveraging the power of data and technology.

Mr. Jens Lottner said that 65% of Techcombank's employees are knowledgeable about technology and the bank's large investment in technology has brought about the effect of simplifying processes and procedures, helping to reduce operating costs, thereby Techcombank can expand its customer base to other segments such as small and medium enterprises, business households... without spending much money. Mr. Jens Lottner also revealed: Techcombank is a pioneer in participating in developing infrastructure and applying blockchain technology, actively contributing to building a legal framework for cryptocurrencies and digital assets. Techcombank has researched technology, secondary trading markets... We already have those technologies, so it will not take Techcombank much time to participate in virtual asset transactions when this market has a full legal corridor...

Source: https://thoibaonganhang.vn/thay-gi-tu-dai-hoi-dong-co-dong-techcombank-nam-nay-163421.html