Techcombank, officially known as Vietnam Technological and Commercial Joint-stock Bank, has reached a significant milestone, becoming the sixth bank in Vietnam to exceed 1 quadrillion VND in total assets. According to the bank’s second quarter financial report, its total assets reached 1.04 quadrillion VND as of 30/6, a nearly 6% increase since the beginning of the year.

A significant portion of Techcombank’s assets, over 67%, comprises customer loans, which reached 700,801 billion VND, a 12.3% increase. Loans to individual customers account for 39.8% of the bank's total outstanding loans. The second largest loan portfolio is allocated to real estate business activities at 227,450 billion VND, marking a 21.5% rise.

The bank’s non-performing loan ratio stands at 1.32%, slightly up from 1.12% at the start of the year. Vietcap Securities has assessed Techcombank’s asset quality as remaining well-managed. Customer deposits grew by 2.2% to 545,078 billion VND, showing slower growth compared to credit expansion.

In terms of business performance, Techcombank reported 9,137 billion VND in net interest income, a 3.7% decrease compared to the same period last year. However, pre-tax profit still increased by nearly 1% to 7,898 billion VND, thanks to cost reductions.

For the first six months of the year, Techcombank’s pre-tax profit reached 15,135 billion VND, a 3.1% decrease compared to the same period last year. This represents 48% of the bank’s annual target.

Techcombank's workforce grew by over 500 employees since the beginning of the year, reaching 12,355 as of 30/6. This contrasts with several other banks, including LPBank, Sacombank, and VIB, which have reduced their staff numbers since the start of the year.

Trong Hieu