Profit breakthrough from record growth
In 2025, Techcombank's pre-tax profit (LNTT) reached 32.5 trillion VND, an increase of 18.2% compared to the previous year, exceeding the set target of 31.5 - 31.7 trillion VND. In particular, the fourth quarter of 2025 of Techcombank is the third consecutive quarter of LNTT reaching 9.2 trillion VND, nearly doubling (+94.9%) compared to the same period last year.
Total operating income (TOI) for the whole year reached VND 53.4 trillion (+13.6%), from net interest income (NII) reached VND 38.2 trillion, with net interest margin (NIM) maintained stable at 3.9%. Income from service activities (NFI) reached VND 11.5 trillion, up 7.8% compared to the previous year.
In which, investment banking (IB) activities contributed positively from all main business segments, including brokerage and securities depository, consulting and distribution of bonds and other investment banking services, helping IB service fees reach 4.2 trillion VND, an increase of 20.7% compared to the previous year.
Foreign exchange services (FX) are bright spots in recent quarters, with Q4 alone reaching 314.6 billion VND, up 14.6% over the same period, thanks to a new product portfolio designed to suit customer needs, raising revenue from foreign exchange services in the year to 36.9% compared to the previous year, reaching 1.2 trillion VND.
The recovery of insurance services after completing model transformation helped insurance service fees in 2025 increase by 91.8% to 1.2 trillion VND, with Q4 alone increasing 31 times compared to the same period in 2024 with revenue of 361.4 billion VND.
Techcombank maintains optimal operating efficiency and cautious risk management. Operating costs are well controlled, reaching VND 16.4 trillion in 2025, an increase of 6.9% compared to the previous year, focusing on strong investment in information technology infrastructure to support long-term growth, corresponding to the cost/income ratio (CIR) for the whole year being maintained at 30.8%.
Precautionary expenses in the year were at 4.4 trillion VND, an increase of 8.3% compared to the previous year, although credit growth reached nearly 18.4%, reflecting the risk management capacity of the Bank. Outstanding risk management capacity helps maintain stable credit expenses at 0.6% and 0.4% after revenue from debts processed using DPRR sources.
Mr. Jens Lottner - General Director of Techcombank shared: “Techcombank closed 2025 with strong growth momentum, reaching a record profit in the fourth quarter of 2025. This result is driven by the acceleration of net interest income, the strong recovery of revenue from fees, along with effective cost management. The outstanding achievements in the year achieved in the context of a still volatile global economy once again affirm the steadfastness and expansion of the business model as well as the foundational strength of the Vietnamese economy.
In 2025, Techcombank promoted its ecosystem strategy, expanding beyond the banking sector to open up new growth opportunities. The successful IPO and listing of TCX along with the launch of Techcom Life and full-year operation of TCGIns has strengthened its comprehensive customer service capacity in the fields of banking, asset management, capital market and insurance.
Techcombank is currently a leading financial group in Vietnam. From this solid position, we are launching a 5-year new strategy, continuing to lead and shape the industry, strengthening the connection of our ecosystem and creating more value for customers and shareholders”.
Only 6 months after its launch (July 2025), Techcom Life has been licensed and introduced its first insurance packages. The streamlined process and digital platform help large value contracts be processed in less than 30 minutes, creating a premise for the nationwide expansion phase.
For non-life insurance, Techcom Insurance (TCGIns) in the first year recorded more than 500 billion VND in premiums, serving over 650,000 customers. A diverse product portfolio from health, motor vehicles, assets to solutions for businesses is deployed on a modern digital platform, affirming TCGIns' important role in Techcombank's comprehensive financial ecosystem.
Healthy balance sheet, strengthened asset quality
As of December 31, 2025, Techcombank's total assets exceeded 1.19 million billion VND, an increase of 22% compared to the beginning of the year. For the Bank alone, credit increased by nearly 18.4% compared to the beginning of the year, to 824 trillion VND.
The strategy focuses on high-yield assets, bringing Techcombank's personal credit to VND 372 trillion, up 30.8% compared to the beginning of the year. The main driving force for growth comes from the boom of the unsecured loan segment (3.5 times higher than the beginning of the year). Techcombank maintains a solid position in other core segments such as: home loans (up 24.7%); margin loans (up 69.3%), reflecting the ability to meet needs from business households to individual customers.
With a consistent portfolio diversification strategy, Techcombank has brought corporate credit to reach 452.1 trillion VND (+13.4% compared to the beginning of the year).
Techcombank maintains a mobilization platform with total deposits reaching 665.6 trillion VND, an increase of 17.9% compared to the beginning of the year, bringing Techcombank to reach 18 million customers, an increase of 2.7 million in 2025. Digitalization capacity also helps attract 62.3% of new customers through online channels. Thereby, bringing the CASA ratio to account for 40.4% of total mobilization. This result comes from the effectiveness of the digital product ecosystem, typically Auto-earning 2.0 and a set of specialized financial solutions for household businesses, helping individual CASAs increase by 17.7% and corporate CASAs increase by 14.8%.
Liquidity indicators are maintained at a high level of safety. Lending-to-deposit ratio (LDR) reached 76.5%, a significant decrease compared to the 81.2% of the third quarter and much lower than the ceiling of 85% of the State Bank. The ratio of short-term capital for medium and long-term loans remained stable at 24.6%.
Techcombank paid more than 7 trillion VND in cash dividends to shareholders in October 2025, but the bank still maintained the capital adequacy ratio (CAR) at 14.6%. Group 2-5 outstanding loans only increased slightly by 4.4%. The bad debt ratio (NPL) decreased to 1.13% (compared to 1.23% at the end of the third quarter). The bad debt coverage ratio (LLCR) was at 127.9%, marking the 9th consecutive quarter that the Bank maintained this ratio above the threshold of 100%. This "cover" reflects Techcombank's cautious approach in proactively consolidating the risk buffer and maintaining the stability of the balance sheet in the context that the market is still potentially volatile.
Techcombank's prestige is further affirmed when S&P Global Ratings in 2025 upgraded its credit rating to BB, while Fitch Ratings adjusted its outlook to "Promising" (BB-).
