During the open discussion session with shareholders at Techcombank's 2025 Annual General Meeting of Shareholders, many questions were raised regarding real estate market prospects, market capitalization, business plans, especially the IPO plan of TCBS Securities Company.
Answering the shareholder about "Does the bank still keep the goal of achieving the market capitalization of 20 billion USD at the end of 2025 and if any, what strategies are there?", Chairman Ho Hung Anh emphasized: "The biggest commitment of the Board of Directors and the Executive Board is to achieve the market value" US $ 20 billion at the end of 2025 ".
With this year's situation, we expect to achieve P/B at 2 - 2.5 times this year and this is completely possible if Techcombank can implement its plans and strategies - Mr. Ho Hung Anh added.
Currently, Techcombank's equity capital is about nearly VND170,000 billion. With expected profits this year, along with some advantages such as the return of the bond market, investors are more confident, the real estate market has signs of recovery.
These are the aspects in which Techcombank has strengths. In addition, Techcombank is developing areas to meet consumer needs, meet comprehensive needs and increasingly affirm its position. However, for investors to truly believe that Techcombank can develop sustainably, we need time - Mr. Ho Hung Anh frankly shared.
Taxes have a significant impact on the bank's operations, but we believe that they will gradually recover and hope that Techcombank will achieve the target. The Chairman of the Board of Directors once again affirmed: "When the time comes, the value will explode."
Regarding the IPO of TCBS Securities Company, Chairman Ho Hung Anh replied that Techcombank has worked with two major investors and assessed them as "very promising".
If the deal is successful, we will immediately announce it to shareholders. The plan is to IPO at the end of this year, but it still depends on many factors such as financial markets, stocks and tax policies - Chairman of TCB shared more.
Regarding its role in the Dak Nong - Binh Phuoc expressway project, Techcombank is the capital arrangement unit, not the investor. According to Mr. Ho Hung Anh, if approved soon, the project will be a key economic corridor connecting the Central Highlands with the Southeast.
Regarding the real estate market, the Chairman of the Board of Directors commented: In the short term, the market has not been significantly affected by global economic instability, but in the long term, it can affect consumer psychology. However, infrastructure is a big demand and home purchasing power is gradually recovering".
Regarding technology orientation, Techcombank's General Director said that the bank has invested more than 500 million USD in digital transformation in the past 5 years. Recently, the bank deployed 19 paperless digital branches, integrating AI technology into the entire customer experience.
Receiving questions from shareholders about the automatic earning product (Auto-earning) being copied by many other banks, this will affect the bank's market share. Techcombank's CEO said that we do not see any signs that automated profitable products are losing market share. On the contrary, when more competitors launch similar products, it will help the market better understand the real value of the program offered by Techcombank.
Currently, there are some competitors promoting products by encouraging customers to decide to transfer money to the deposit certificate themselves, then when they need to withdraw money, they have to perform manual operations. This is not automatic profit (Auto-earning) in the true sense.
Techcombank's Auto-earning is simply a customer who needs to press a button on the App, then all account balances are automatically optimized for interest - still able to use payment like a regular payment account, completely flexible, without any further operations.
In the first quarter of 2025, Techcombank had up to 800,000 customers registering to use this product. Mr. Jens added: "I often compare this to comparing an iPhone to a regular phone. Both are phones, but the experience is very different".
Regarding the return on investment (ROE), Mr. Jens Lottner - General Director of Techcombank assessed the ROE target of over 20% as a challenge, but feasible if the capital savings ratio is reduced from 15% to 12% like other banks.
With a readiness to every situation, Mr. Jens shared: "However, we prioritize a safety and sustainable development strategy, ready to deal with fluctuations such as pandemics or financial crises".
In the context of credit competition and reduced interest rates, Techcombank's NIM (pure interest) has narrowed but is still higher than the industry level. The bank also continues to expand to insurance, consumer finance, and develop blockchain platforms to integrate more deeply into the financial ecosystem.
