With pre-tax profit (PIT) reaching VND 7,236 billion - the second highest level recorded in the first quarter of the year, Techcombank once again proved its flexible adaptation capacity and sustainable internal strength, strengthening investors' confidence in the stock market.
Stable financial performance in a challenging environment
In the first quarter of 2025, Techcombank recorded total operating income (TOI) of VND 11,611 billion, down 5.3% over the same period - mainly due to a high benchmark from the first quarter of 2024. However, net interest income (NII) remained stable at VND 8,305 billion, down slightly by only 2.3%. The 12-month net interest rate (NIM) reserve was kept at 4.0% - reflecting an effective interest rate regulation strategy and asset structure, and capital costs remained at a competitive level of 3.4%.
The highlight of the period is the investment banking service fee (IB) reached VND 1,084 billion, up 44.4% over the same period last year. Quarterly growth of IB service comes from the recording of issuing consulting costs, as well as from other IB activities, including the increase in the fund management fee of Techcom Capital. This reflects the recovery of investors' confidence in capital markets (stocks, bonds and other securities) and the attractiveness of diverse investment product packages, designed to serve many different strategies. In addition, income from foreign exchange and insurance services, increasing by 50.5% and 26.7% respectively over the same period last year, demonstrating the efforts to diversify the bank's interest source in addition to the bank's interest.
The cost-to-income ratio (CIR) remains at a reasonable 28.3%, despite continuing to maintain investments in digital transformation and marketing at the beginning of the year. The 10% reduction in risk provision costs helps improve credit costs to 0.7%, contributing to supporting after-tax profits.
“Techcombank booted in 2025 with a positive and valuable business result of the bank's leadership. Profit before tax (LNTT) reached 7.2 trillion dong, the second highest level achieved in the first quarter of the bank's 32 -year history, continuing to affirm our long -term growth trend. Many signs of acceleration thanks to the positive impact come from promoting the implementation of automatic Techcombank 2.0, although it has a slight decrease compared to the beginning of the year, it will certainly create a growth momentum for the next quarters.
The US tariff has added to the instability of the global economy. But we believe that this is also an opportunity for Vietnam to accelerate investment in technology, diversify export markets, and promote domestic consumption. In that context, our investment in data, digitalization and talent, along with the strength of the business model proven through market cycles and the strength of the balance sheet help us be ready to accelerate and lead in Vietnam's " era of Rising", said Mr. Jens Lottner - General Director of Techcombank.
Healthy asset quality, CASA maintains top position
As of March 31, 2025, Techcombank's total assets reached nearly 990 trillion dong, up 11.7% over the same period. Credit growth 3.84% compared to the beginning of the year, reaching 665,300 billion dong. Personal outstanding loans increased by 26.6% over the same period, prominent as the deposit balance recovered strongly according to the vibrant momentum of the stock market. Enterprise outstanding loans also increased by 13% thanks to the recovery of utilities and telecommunications, real estate, logistics and fast consumer goods (FMCG).
The non-permanent bad debt ratio (NPL) only increased slightly to 1.23%, still within control, with the bad debt coverage ratio remaining high at over 111%. The Basel II Capital Safety ratio (CAR) reached 15.3%, far exceeding the minimum requirement of 8%, demonstrating strong risk management capacity and capital potential.
Customer deposits increased by 21.9% over the same period, reaching 569,855 billion dong. In particular, the CASA rate reaches 39.4%, continuing to belong to the highest group. The 2.0 automatic verbal version and the attractive customer value proposal packages (CVPS) are the main motivation to help CASA from individual customers increase sharply, while corporate CASA decreases slightly due to seasonal factors. The CASA balance of the individual customer segment, including the automatic profit birth balance, increased to VND 151.8 trillion, compared to VND 143.9 trillion late last year.
Notably, the number of electronic transactions of individual customers in the first quarter reached nearly 886 million transactions, with a value of more than 2.9 million billion - increasing by 30% and 10% over the same period. Techcombank continued to lead with the Napas trading market share even increased in the first quarter, specifically the issuance (17.6%) and the payment direction (16.4%), showing the advantage in the digitalization race for the banking industry.
TCBS continues to make positive contributions, strengthening the financial ecosystem
TCBS subsidiary recorded pre-tax profit of VND 1,310 billion, up 12.9% over the same period. TCBS maintained its position as a top 3 stock broker on HOSE and top 2 on HNX. In the first quarter, TCBS consulted on issuing VND 7,000 billion in bonds (accounting for 57% of the market share excluding bank bonds) and distributed more than VND 20,300 billion in bonds.
The 230 million USD joint loan from 3 major international financial institutions - Standard Chartered, Cathay United Bank and SMBC - not only affirms TCBS's financial position but also demonstrates its outstanding international capital mobilization capacity in the context of many fluctuations in the entire industry.
In the first quarter of 2025, Techcombank deployed a banking agent model at 45 WinMart+ points of sale and launched the service "Family and Friendship Banking" - opening a new customer approach channel as well as increasing community engagement in using financial products. This is a strategic step in realizing the goal of multi-channel distribution and maximizing the potential of cooperative ecosystems.
This service allows customer groups to share incentives, save transaction time and optimize benefits - a form of financial personalization in line with modern consumer trends.
double-digit growth target in 2025
At the upcoming annual General Meeting of Shareholders, Techcombank will present ambitious financial targets: outstanding credit reached VND 745,738 billion (up 16.4%), pre-tax profit reached VND 31,500 billion (up 14.4%) and the bad debt ratio continued to be controlled below 1.5%.
These figures reflect the Board's confidence in the economic recovery prospects and Techcombank's pioneering role in applying AI, GenAI, and other technologies, as well as green growth to promote sustainable growth.
In addition, Techcombank continues to be honored as "Best Bank in Vietnam" and "Most Sustainable Bank" by prestigious organizations such as Global Finance and FinanceAsia. The Best Private Bank award presented by Euromoney and Best Digital Bank in Vietnam awarded by The Asset Triple A are proof of the customer-centric strategy, along with leading technology platforms.
