Techcombank reports record quarterly pre-tax profit of ₫10.4 trillion
Fee and commission income rose 40 per cent over the first nine months, while the bank’s non-performing loan ratio increased in the third quarter.
Vietnam’s Techcombank reported a third-quarter pre-tax profit of ₫10.4 trillion, an increase of 25.8 per cent from a year earlier and its largest quarterly result. The bank announced the figures on October 20.
Operating income for the first nine months reached ₫45.2 trillion, rising 17.1 per cent year on year. Net interest income contributed ₫32 trillion, up 16.9 per cent. The quarterly net interest margin edged up to 3.5 per cent, compared with 3.4 per cent in the second quarter of 2026.
Fees and commissions generated net income of ₫11.8 trillion over the nine months, a 40 per cent increase. Their share of operating income rose to 26.2 per cent from 21.9 per cent a year earlier. Letters of credit, cash management and payments together generated ₫4.9 trillion in fees, up 136.6 per cent.
Investment banking service fees, however, dropped 17.5 per cent to ₫2.8 trillion. Operating expenses increased 18.7 per cent to ₫13.8 trillion over the nine months, while provisioning costs fell 30.5 per cent to ₫2.5 trillion.
Assets stood at ₫1.3 quadrillion on September 30, an increase of 16.7 per cent year on year. Customer deposits grew 8.4 per cent to ₫692.1 trillion.
The non-performing loan ratio rose to 1.36 per cent from 1.15 per cent in the preceding quarter, including effects associated with the National Credit Information Centre. Techcombank attributed the increase mainly to several individual loans outside its core lending segments. Loan loss reserves covered 107 per cent of non-performing loans.
