Vietnam 

Techcombank targets US$504.3 million in pre-tax profit – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Techcombank has targeted a pre-tax profit of more than VNĐ11.7 trillion (US$504.3 million) in 2019, representing a 10 per cent year-on-year increase. — Photo vietnamfinance.vn HÀ NỘI — Techcombank has targeted a pre-tax profit of more than VNĐ11.7 trillion (US$504.3 million) in 2019, representing a 10 per cent year-on-year increase. The target was approved at its annual shareholders’ meeting held in Hà Nội last week. It also planned to increase its total assets by 17 per cent to VNĐ375.8 trillion this year while holding outstanding loans at VNĐ245.4 trillion, up 32 per cent from…

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Vietnam 

Techcombank chairman’s son raises stake to 3.95% – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A customer completes a transaction at Techcombank’s head office in Hà Nội. — VNA/VNS Photo Trần Việt Viet Nam News HÀ NỘI — The private-equity financial institution Techcombank has announced shareholder Hồ Anh Minh has bought 44.7 million shares to increase his ownership to 3.95 per cent from 2.66 per cent. Minh, son of the bank’s chairman Hồ Hùng Anh, carrying out transactions from December 14 to December 19, 2018, now owns 138 million Techcombank shares. During the same period, Nguyễn Hương Liên, sister-in-law of chairman Anh,…

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Vietnam 

Techcombank posts 61 per cent pre-tax profit hike – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Techcombank’s pre-tax profit growth far exceeded TOI growth because of the bank’s efforts to clear its Việt Nam Asset Management Company (VAMC) balance. — VNS Photo Viet Nam News HÀ NỘI — The Việt Nam Technological and Commercial Joint Stock Bank (Techcombank)’s pre-tax profits hit VNĐ7.77 trillion (US$332.9 million) in the first nine months of the year, posting 61 per cent increase over the same period last year.  Its pre-tax profit growth far exceeded total operating income (TOI) growth as a result of the bank’s efforts to clear…

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