Techcombank Asset Value Rises 111 Per Cent in First Quarter

Techcombank has reported impressive business results in the first quarter 2007. The bank’s total asset value reached VND22,810 billion (US$1.43 billion), up 111 per cent year on year, with more than 80 transaction offices. Total capital mobilisation was VND20,293 billion (US$1.27 billion), an on-year increase of over 100 per cent. Of the sum, VND8,331 billion (US$520 million) was raised from idle savings of the public. Outstanding credit was VND10,975 billion (US$685 million), a rise of more than VND1,000 billion (US$62.5 million) against February 2007, and more than VND5,000 billion (up 96 per cent) against the same period last year.

Techcombank was awarded the Strong Trademark Award 2006 by Vietnam Economic Times and the Vietnam Trade Promotion Agency. Criteria for the award are trademark protection, product and service quality, business results, leadership capacity, human resources, renovation capacity, and sustainability of the enterprise.