The highlight of the 2026 General Meeting of Shareholders (GMS) of Vietnam Technological and Commercial Joint Stock Bank (Techcombank, HOSE: TCB), held on 25/4, was the profit distribution plan with a combined ratio of 67%.

Techcombank's 2026 general meeting of shareholders held on 25/4. Photo: Techcombank

Shareholders approved a 7% cash dividend for 2026, equivalent to 700 VND per share. This marks the third consecutive year Techcombank has consistently paid dividends to shareholders, demonstrating strong liquidity and management's confidence in future operational prospects.

The bank also approved a plan to increase its charter capital through two methods: issuing new shares from owner's equity and an employee stock ownership plan (ESOP). Techcombank will issue new shares from owner's equity (a stock dividend) to existing shareholders at a 60% ratio. Following this issuance, Techcombank is set to become the private bank with the largest charter capital in the system.

Ho Hung Anh (left), chairman of the board of directors, and Jens Lottner, CEO of Techcombank, at the event. Photo: Techcombank

The GMS also approved the issuance of over 35.8 million shares under the ESOP, with a one-year transfer restriction. This initiative aims to retain high-quality personnel, particularly experts in technology, data, and artificial intelligence (AI).

After both issuances, Techcombank's charter capital is projected to increase to 113.7 trillion VND. This will create a financial buffer, enhancing the bank's financial capacity and competitiveness. Last year, the bank achieved a record pre-tax profit of 32.538 trillion VND.

Additionally, Techcombank reported a Q1/2026 pre-tax profit of nearly 8.9 trillion VND, an increase of almost 23% compared to the same period last year. Income from service activities also saw significant growth, notably life insurance service fees, which rose by 103.4%. The capital adequacy ratio (CAR) under Basel II standards improved to 15.2%, reinforcing the bank's leading position in the system.

A shareholder attending the meeting. Photo: Techcombank

Leveraging its strong financial foundation and positive Q1 business results, the GMS approved the 2026 business plan with two scenarios: an optimistic one projecting 37.5 trillion VND in pre-tax profit, and a conservative one targeting 35 trillion VND. Credit growth is forecast to adhere to the 12% limit approved by the State Bank of Vietnam.

Quang Anh