Particularly, in the first half of this year, Techcombank earned over $215 million in net interest margin, an increase of 15 per cent compared to those of the same period last year.
“Return On Average Equity (ROAE) of the bank at the moment is around 24.3 per cent, which is fairly higher than the same period last year (20.6 per cent). Additionally, Return On Average Assets (ROAA) also reaches 3.16 per cent, which is also higher compared to last year figure (1.83 per cent),” said Trinh Bang, CFO of Techcombank.
Accordingly, outstanding loans to customers as of June 30 this year reached over $7.1 billion, up 26 per cent over the same period last year. Specifically, personal loans accounted for 39 per cent, loans of large enterprises accounted for 46 per cent and loans of small and medium enterprises (SME) accounted for 15 per cent.
Although, the global economy is dealing with the risk of a trade war, Nguyen Le Quoc Anh, CEO of Techcombank is very confident that the bank will achieve the profit target set for the entire year, especially with pre-tax profit of nearly $224 million in the first half of this year - equivalent to 52 per cent of the profit target for the whole year.
Quoc Anh also said that for many years, Techcombank still maintains a diversified structure of operating revenues.
In particular, the bank does not focus too much on lending and fee-based income, and always has a contingency plan to deal with potential economic crisis in the future. As a result, the business results of the bank are still in line with their plan and even higher than expected.