29/07/2022
Share:
1H Results
Techcombank followed their business plan by fulfilling 52% 2022 profit target. Credit increased by 7.1%ytd (8.5%ytd in bank separate). 6M PBT was recorded at VND 14.1trn, +22.3%yoy. TOI reached VND 21.1trn, + 16.6%yoy.
The bank remains as one of the most effective banks in the system with ROA and ROE of 3.6% and 21.0%% respectively.
Improving asset quality. NPL ratio was reduced to only 0.4% while its exposure in restructured loan was down to VND 500 bn from VND1.6trn last quarter. Provision expenses decreased by over 50%yoy.
COMMENTS
TCB’s core lending business was affected by interest rate hike and the gloomy bond issuance market. Credit growth limit also posed a negative impact on bank’s profit growth. With those movements, NIM of the bank may slightly decline to 5.4% for the full year. Despite that, positive activities in credit card, banca and the expected IB recovery in alien with lower provision expenses burden will support the bank to fulfill its business target in 2022.
14/05/2026
KEY HIGHLIGHTS Q1/2026 earnings performance of the 27 listed banks continued to maintain growth momentum, with sector-wide profit before tax increasing...
06/05/2026
(EN) GTJASVN_Sector Report_Automotive Sector__Policy Tailwinds Extended_05.05.2026 KEY INFORMATION Vietnam’s electric vehicle (EV) support policies continue...
25/04/2026
(EN) GTJASVN RS_MWG Equity Report _ Growth meets IPO catalyst_TP104,755_April 24, 2026 We maintain a positive view on MWG’s 2026 business outlook, underpinned...
