Techcombank announced its second quarter profit reached a record high of 7.9 trillion VND.

In the second quarter of 2025, Vietnam Technological and Commercial Joint Stock Bank (Techcombank, HOSE: TCB) achieved pre-tax profit of VND 7.9 trillion, the highest level in history, showing outstanding operating efficiency in the context of a volatile general market.

Highest quarterly profit in history

The business results for the first 6 months of 2025 continue to demonstrate Techcombank 's flexibility and high adaptability. Accordingly, net interest income (NII) reached VND 17.4 trillion, down slightly by 3% year-on-year. However, net interest margin (NIM) has shown signs of positive recovery, improving from 3.7% in the first quarter to 3.8% in the second quarter, showing improvement in profitability and optimization of operating efficiency over each quarter.

Service income (NFI) in the first 6 months of the year is a clear demonstration of the Bank's correct strategy, with many segments recording breakthrough results. For example, Investment Banking (IB) service fees grew explosively by 30.2% over the same period, reaching VND 2,333 billion. This is the segment with the most impressive contribution, continuing the success from 2024. In the second quarter alone, a record IB fee of VND 1,412.1 billion was recorded, an increase of nearly 36% over the same period, affirming Techcombank's leading position in bond issuance consulting, distribution and brokerage services.

The success of launching innovative foreign exchange products, meeting the diverse needs of individual customers for tourism , study abroad and settlement purposes, helped revenue from foreign exchange services grow spectacularly by 57.7%, reaching VND 584 billion.

Bancassurance service fees grew steadily by 17.6%, reaching VND452.2 billion. Techcombank continued to affirm its position in the top market, with annualized premiums (APE) ranking 3rd in the industry.

In the first half of the year, card service fees decreased by 24.7%, reaching VND769.4 billion. The decline is consistent with the trend of shifting from card payments to other forms of payment such as QR codes (Techcombank holds the No. 1 market share, according to VietQR).

Operating expenses (OPEX) were effectively controlled, remaining almost flat year-on-year at VND7.1 trillion. As a result, the cost-to-income ratio (CIR) was maintained at an impressively low level of 29.2%.

Provision expenses for credit losses fell sharply by 26.3% year-on-year to VND2,104 billion, thanks to the asset quality of the home loan and credit card portfolio. Accordingly, credit costs continued to improve to only 0.6% at the end of the second quarter and 0.4% after collection from debt handled by risk provisions.

As a result, Techcombank's pre-tax profit in the first 6 months of the year was VND15.1 trillion, in the second quarter alone it reached VND7.9 trillion, 9.2% higher than the first quarter and the highest quarterly profit in the Bank's history.

Total assets surpass 1 quadrillion VND, CASA recovers impressively

As of June 30, 2025, Techcombank's total assets reached VND 1,038 trillion, an increase of more than 6% compared to the beginning of the year, marking the first time the Bank's total assets exceeded the VND 1 trillion mark - a testament to the sustainable development and growing trust of customers in Techcombank.

In the banking sector alone, credit grew by 10.6% to VND708.9 trillion - ensuring appropriate growth to maintain the loan-to-deposit ratio (LDR) and the ratio of short-term capital for medium- and long-term lending at levels significantly lower than the limit prescribed by the State Bank of Vietnam (SBV).

Credit demand grew evenly and strongly in both the individual and corporate customer segments. Personal credit grew by a remarkable 26.6% year-on-year, reaching VND316 trillion. The main driving force came from home loan products, business household loans, and margin loans. In particular, the growth of margin loans was completely consistent with the positive developments of the stock market, when the VN-Index recorded strong growth.

Corporate credit grew by 15.4% year-on-year to VND442.9 trillion. Banks continue to be a trusted partner of leading enterprises, with the highest growth recorded in the Utilities and Telecommunications sector (+52.6% year-on-year), followed by the FMCG, retail and logistics sectors, up 14.7%.

Total customer deposits reached VND589.1 trillion, up more than 10% compared to the beginning of the year. A special highlight was the strong recovery of non-term deposits (CASA), recording a growth of 7.9% compared to the first quarter. This success came from comprehensive and attractive financial solutions such as "Automatic Profit 2.0" and business households, increasing by 29.9% compared to the same period last year to VND158.9 trillion. CASA of corporate customers increased by 16.1% compared to the same period.

This impressive CASA growth not only helps the Bank optimize capital costs but also affirms the deep engagement of customers with Techcombank's product and service ecosystem.

Techcombank continues to maintain its position as one of the banks with the best capital foundation and risk management in the system. As of the end of the second quarter, the loan-to-deposit ratio (LDR) was only 82.4% and the ratio of short-term capital for medium- and long-term loans was 26.4%, significantly lower than the limit prescribed by the State Bank.

Basel II capital adequacy ratio (CAR) reached 15.0%, nearly double the minimum requirement, creating a solid capital buffer for future growth.

Although the consolidated non-performing loan (NPL) ratio edged up slightly to 1.32% in the general context, the quality of the Bank's credit portfolio remained healthy. Notably, the NPL ratio excluding outstanding loans at CIC was only 1.05%. The NPL coverage ratio (LLCR) continued to be maintained at a safe level of 106.4%, demonstrating the Bank's proactiveness and prudence in risk management.

CEO Jens Lottner said: “Techcombank recorded its highest quarterly pre-tax profit ever, in line with the Board of Directors’ guidance for the year. Credit growth reached double digits, reflecting the demand from businesses and people as well as Vietnam’s positive economic growth momentum.

We became the first bank in Vietnam to deploy a fully 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 three prestigious international organizations: Euromoney, FinanceAsia and Global Finance - for the second consecutive year.”

Pioneering digital transformation, connecting international investment
Continuing to be the trusted choice of the 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 joined entirely through digital platforms, demonstrating the appeal and convenience of Techcombank digital banking.
Customer confidence is demonstrated through nearly 1.9 billion individual customer transactions via electronic channels in 6 months, up 28% over the same period with a total transaction value of VND6 million billion.
With these impressive numbers, Techcombank continues to maintain its number one position in the market in both card issuance (market share 17.5%) and payment (market share 16.1%) according to NAPAS statistics.

Source: https://baodautu.vn/techcombank-cong-bo-loi-nhuan-quy-ii-dat-dinh-cao-nhat-trong-lich-su-79-nghin-ty-dong-d338185.html