Highest quarterly interest rate in history
Business results in the first 6 months of 2025 continue to show Techcombank's flexibility and high adaptability. Accordingly, net interest income (NII) reached VND17,400 billion, down slightly by 3% over the same period. However, net interest margin (NIM) has shown signs of a positive recovery, improving from 3.7% in the first quarter to 3.8% in the second quarter, showing improvement in profit performance and optimizing operational efficiency through each quarter.
Income from service activities (NFI) in the first 6 months of the year is a clear demonstration of the Bank's correct strategy, with many areas recording breakthrough results. For example, Investment Bank (IB) service fees grew by an explosive 30.2% over the same period, reaching VND 2,333 billion. This is the activity with the most impressive contribution, following the success of 2024. In the second quarter alone, the record IB fee of VND1,412.1 billion was recorded, up nearly 36% over the same period, affirming Techcombank's leading position in bond issuance and distribution consulting services and brokerage.
The success of launching innovative foreign exchange products, meeting the diverse needs of individual customers for tourism, study abroad and settlement purposes, helped foreign exchange service revenue grow spectacularly by 57.7%, reaching VND 584 billion.
Insurance service fee collection (bancassurance) grew sustainably by 17.6%, reaching 452.2 billion VND. Techcombank continues to affirm its position in the top of the market, with annual insurance fee (APE) sales ranked 3rd in the whole industry.
In the first half of the year, fees from card services decreased by 24.7%, reaching VND 769.4 billion. The decline is consistent with the trend of shifting from card payment to other forms of payment such as QR codes (Techcombank holds market share No. 1, according to VietQR).
Operating expenses (OPEX) are effectively controlled when they are almost flat compared to the same period, at VND 7,100 billion. As a result, the cost-to-income ratio (CIR) remains at an impressive low of 29.2%.
Risk provision costs decreased sharply by 26.3% over the same period, to only VND 2,104 billion, thanks to the asset quality of the home loans and credit cards portfolio. Accordingly, credit costs continued to improve to only 0.6% at the end of the second quarter and 0.4% after receiving from debts were treated with risk reserves.
As a result, Techcombank's pre-tax profit for the first 6 months of the year was VND15,100 billion, in the second quarter alone it reached VND7,900 billion, 9.2% higher than the first quarter and the highest quarterly profit in the Bank's operational history.
Total assets exceed VND1 million billion, CASA recovers impressively
As of June 30, 2025, Techcombank's total assets reached VND 1.038 trillion, up more than 6% over the beginning of the year, marking the first time the Bank's total assets have exceeded the VND 1 million billion mark - demonstrating sustainable development and increasing customer confidence in Techcombank.
For the Bank alone, credit grew by 10.6% to VND708,900 billion - ensuring appropriate growth to maintain the lending rate on deposits (LDR) and the ratio of short-term capital for medium and long-term loans at a significantly lower level than the limit prescribed by the State Bank of Vietnam (SBV).
Credit demand has grown steadily and strongly in both individual and corporate customer segments. Personal credit grew by a remarkable 26.6% over the same period, reaching VND 316,000 billion. The main driving force comes from home loans, business loans, and deposit loans. In particular, the growth of deposit lending is completely consistent with the positive developments of the stock market, when the VN-Index recorded strong growth momentum.
Corporate credit grew by 15.4% over the same period, reaching VND 442,900 billion. The bank continues to be a trusted partner of leading enterprises, with the highest growth recorded in the Utilities and Telecommunications industry (+52.6% over the same period), followed by the express-end consumer goods (FMCG), retail and logistics industry up 14.7%.
Total customer deposits reached VND 589,100 billion, up more than 10% compared to the beginning of the year. A special highlight is the strong recovery of non-term deposits (CASA), recording a growth rate of 7.9% compared to the first quarter. This success comes from comprehensive and attractive financial solutions such as "Autumn Profit 2.0" and business households increased by 29.9% over the same period last year to VND158,900 billion. CASA corporate customers increased by 16.1% over the same period.
This impressive CASA growth not only helps the Bank optimize capital costs but also affirms the deep connection of customers with Techcombank's product and service ecosystem.
Techcombank continues to maintain its position as one of the banks with the best capital and risk management foundation in the system when as of the end of the second quarter, the lending rate on deposits (LDR) was only 82.4% and the ratio of short-term, medium and long-term loans was 26.4%, significantly lower than the limit prescribed by the SBV.
The Basel II Capital Safety ratio (CAR) reached 15.0%, nearly double the minimum requirement, creating a solid capital buffer for future growth.
Although the consolidated bad debt ratio (NPL) increased slightly to 1.32% in the general context, the quality of the Bank's credit portfolio is still at a healthy level. Notably, the NPL ratio if the outstanding debt is excluded at CIC is only 1.05%. The bad debt coverage reserve ratio (LLCR) continues to be maintained at a safe level of 106.4%, showing the Bank's proactiveness and caution in risk management.
General Director Jens Lottner shared: Techcombank has recorded its highest quarterly profit ever, closely following the direction set by the Executive Board for the whole year. Credit growth reached double digits, reflecting the needs of businesses and people as well as Vietnam's positive economic growth momentum.
We have become the first bank in Vietnam to deploy a completely digital branch model, affirming our commitment to sustainable development. At the same time, Techcombank continues to make its mark as the only bank to be honored as "Best Bank in Vietnam" by all three prestigious international organizations: Euromoney, FinanceAsia and Global Finance - for the second consecutive year".
Pioneering digital transformation, connecting international investment
Continuing to be a trusted choice of Vietnamese people, Techcombank closed the first 6 months of 2025 with nearly 16.5 million customers, attracting nearly 1.2 million new customers. Notably, 57.6% of new customers have signed up entirely through the digital platform, demonstrating the attraction and convenience of Techcombank digital banking.
Customer confidence was demonstrated through nearly 1.9 billion transactions of individual customers via electronic channels in 6 months, an increase of 28% over the same period with a total transaction value of VND 6 million billion.
With these impressive figures, Techcombank continues to hold the No. 1 position in the market in both card issuance direction (17.5%) and payment direction (16.1%) according to NAPAS statistics.
