HSBC, one of the world’s leading financial institutions, is a strategic partner and 20% shareholder in Techcombank and actively works with Techcombank’s high quality and experienced management team on strategic initiatives and by providing strong corporate governance, management and operational support.
The Vietnamese banking market is considered one of the most attractive and underpenetrated banking markets in the world and offers excellent opportunities for growth. Techcombank has established itself as an industry leader in terms of profitability, size and growth and is well positioned to capitalise on the expected growth of the Vietnamese banking sector. Some of the Bank’s key achievements are:
Financial Highlights
For the financial year ending 31st December 2008, Techcombank was:
- 1st (tied) among Vietnamese banks in terms of return on assets
- 2nd among Vietnamese banks in terms of return on equity
- 2nd among joint stock commercial banks in terms of net profit
- 3rd largest joint stock commercial bank in terms of assets, loans and deposits
Strong Balance Sheet Growth For the period 2004 to 2008, Techcombank’s loans and deposits grew at roughly twice the growth rates for the overall market due to its sustained investment in its branch and ATM networks, excellent promotional and marketing efforts, innovative product offering and the high level of trust Techcombank has earned from customers as a safe and prudent institution.
Large Distribution and Fast Growing Client Base
Techcombank has the 3rd largest distribution network among joint stock commercial banks with over 180 branches and sub-branches which are located in and around Vietnam’s three key urban and commercial centres of Hanoi, Ho Chi Minh City and Danang.Techcombank provides a wide range of market leading and innovative consumer and commercial banking products to around 830,000 retail and 30,000 SME and corporate customers through its Personal Financial Services, Corporate Banking and Treasury divisions. Techcombank’s burgeoning customer base provides an excellent platform for growth through cross-selling and leveraging customer relationships.
Prudent Credit Risk Management
Techcombank’s prudent lending practices, rigorous credit approval process, in-depth knowledge of its borrowers and proactive loan portfolio monitoring and provisioning practices, has enabled the Bank to maintain a high quality and well provisioned loan portfolio during a period of strong credit growth achieved by the Bank.
Strategy
Techcombank’s strategy is to concentrate on extending its franchise as a leading retail and private enterprise bank by emphasizing three key growth platforms:
- Building on its strong position as a leading SME-focused bank for both lending and deposit-taking
- Establishing Techcombank as a leading bank to the “affluent” and “mass affluent” segments of the retail banking market
- Utilizing its extensive branch network, robust technology platform and corporate customer relationships to build a leading transaction banking business
For more information, please visit: https://www.techcombank.com.vn