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Techcombank sees pre-tax profit rise 44 per cent
The Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) reported a profit before tax of VND2.037 trillion (US$90.9 million) in 2015, 43.8 per cent higher than 2014.
Of this figure, the bank's pre-tax profit in the last quarter of 2015 increased 91 per cent to touch VND485.2 billion ($21.65 million).
Techcombank's net interest income in 2015 reached VND7.2 trillion ($321.6 million), 23 per cent more than 2014. In the fourth quarter alone, the bank posted a net interest income of VND2.06 trillion ($92 million), a 28 per cent hike over the same period in 2014.
The net fees and commission income of Techcombank last year soared by 11.2 per cent to touch VND1.13 trillion ($50.8 million).
As of December 31, 2015, the bank's total assets reached VND192 trillion ($8.56 billion), 9.2 per cent more than 2014, and deposits from customers rose eight per cent to reach VND142.6 trillion ($6.4 billion).
Meanwhile Techcombank's loans for customers in 2015 amounted to VND111.6 trillion ($4.98 million), 41 per cent higher than 2014.
Techcombank's debt ratio fell from 2.38 per cent in 2014 to 1.67 per cent in 2015.
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