Techcombank overview

We were established in September 1993 as the Technological and Commercial Joint Stock Commercial Bank. We are currently one of the largest joint-stock commercial banks in Vietnam by total assets with a leading retail deposit and SME lending franchise. Techcombank is led by a seasoned management team from leading multinational and local financial institutions and is supported by our strategic partner, HSBC. Techcombank has successfully ridden the wave of financial liberalization and the ensuing rapid growth of financial service sector in Vietnam in the past 18 years to become among the largest and most profitable banks in the country.

Vision

To become:

• The preferred and most trusted financial partner of our corporate, SME and retail clients, providing them with a full range of financial products and services tailored to their needs;
• A great working environment where our employees have multiple opportunities to develop, contribute and build a successful career; and
• The best bank and a leading business in Vietnam by 2014, with best-in-class risk management practices.

Sector

The banking sector is the backbone of any economy and particularly in Vietnam will be instrumental in unlocking Vietnam’s economic potential. It is inherently tied to the bottom-up consumption story as the sector’s growth is interlinked with the rise of the affluent middle class and the increasing contribution of the private corporate sector to Vietnam’s economy. Techcombank is focused on the most underpenetrated segments that are backed by strong profitability fundamentals and where there is a clear path to consolidate to become a market leader. Moreover, Techcombank operates in segments that are underserved by the state owned banks and where foreign institutions lack the structural flexibilities and capabilities to compete. Techcombank sector strategy is to solely cater to affluent and mass affluent customers and private sector SME. Rising income level will continue to drive penetration of retail banking products and the lack of access to capital for the SME sector validate Techcombank’s sector focus.