The bank of the billionaire ranked in the top 5 richest people on the stock exchange recorded 1 billion USD in pre-tax profit

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has just held the General Meeting of Shareholders in 2022. Accordingly, this bank recorded 1 billion USD in pre-tax profit.

Specifically, Techcombank is the first private commercial bank in Vietnam to join the “billion-dollar club” in 2021, with pre-tax profit (PBT) reaching VND 23.2 trillion, up 47.1% over with 2020. This is the fifth consecutive year that Techcombank recorded double-digit growth in profit. The bank also recorded a compound profit growth rate in the 2016-2021 period with a record rate of 50.0%/year.

In 2021, Techcombank’s pre-tax profit (PBT) will reach VND 23.2 trillion

In 2021, Techcombank’s total assets grew by 29.4% to VND 568.7 trillion and led the industry in return on assets (ROA) at 3.7%. Demand deposit ratio (CASA) reached 50.5% by the end of 2021, also setting another record in the whole banking industry in Vietnam.

Sharing about the problem of bad debt and the tightening of real estate bonds by the State Bank of Vietnam (SBV), Mr. Ho Hung Anh – Chairman of the Board of Directors (BOD) of Techcombank said that the bank has not had any problems. about real estate loans. The bad debt ratio (NPL) has been almost zero in the past 5 years.

The billionaire ranked in the top 5 richest people on the floor stock The bank is holding about 62 trillion dong of corporate bonds. Techcombank holds a lot of bonds because it believes in risk management and is ready to provide such bonds to individuals and businesses if they have investment needs.

TCB’s developments in recent sessions

At the end of the last trading session of the week, the banking group maintained its leading position and stocks. Techcombank, however, also turned to increase slightly after a series of consecutive days of decline.

The bank’s stock is the first concern, in the context that TCB has dropped continuously in recent sessions. TCB’s market value lost nearly 20% in two months when investors were concerned about the impact of tightening the channel for issuing corporate bonds, or lending money. real estate. These are also hot topics following the market story, in addition to the business plan in 2022 and the profit distribution plan.

Commenting on the first trading session of the week (April 25), experts believe that the market’s recovery can still continue and investors should consider taking advantage of the Bulltrap beat to bring the portfolio to a safe weight…

According to Mr. Tran Duc Anh – Strategy Director of KBS Securities Market, the general market is very close to the equilibrium point to be able to return to a sustainable recovery.

Stocks that have been under strong selling pressure in the last 2 weeks such as banks and real estate have recovered well in the last session of the week, showing that bottom-fishing cash flow has been active again, despite having the most rotation. determined when the group of basic and growth stocks such as information technology, retail, textiles, seafood, fertilizer… are profit taking.

The pressure to sell mortgages has also been relieved, although liquidity is still weak, “I think it is likely that the general market is very close to the equilibrium point to be able to return to a sustainable recovery” – Mr. Tran Duc I said.

However, BIDV Securities Company (BSC) said that the market needs one or two more sessions to determine the trend more clearly.

According to BSC, after a series of consecutive days of decline, VN-Index there was finally a slight pullback on Friday. Market liquidity remained at a stable level, showing a signal that the cash flow is gradually returning. The breadth is in equilibrium with 8/19 sectors gaining.

With a recovering signal at 1,360 points, the market still needs one or two more sessions to define the trend more clearly.

According to Hong Huong (Vietnamese people)