Techcombank’s Charter Capital Surpasses Vietcombank, VietinBank, and BIDV

With a successful rights issue, Techcombank's charter capital has soared to an impressive VND 70,450 billion. This remarkable feat has positioned the bank ahead of the three largest state-owned banks in Vietnam, namely BIDV, Vietcombank, and VietinBank.

0
116

Illustrative image

Vietnam Technological and Commercial Joint Stock Bank (Techcombank – Code: TCB) has just announced the completion of the issuance of 3.52 billion shares to increase capital from equity sources.

Previously, Techcombank had finalized its shareholder list on June 21, 2024, to issue bonus shares at a ratio of 1:1 (for every 1 share held, shareholders will receive 1 new share).

These shares are expected to be delivered to shareholders in the third quarter of 2024, after completing the change of securities registration at the Vietnam Securities Depository and Clearing Corporation (VSDC) and registering for additional trading of new shares at the Ho Chi Minh City Stock Exchange (HoSE).

As the bonus share payment ratio is 1:1, no fractional shares will arise. Following this issuance, Techcombank’s outstanding shares have increased to over 7.045 billion, corresponding to a charter capital of VND 70,450 billion, surpassing the three large state-owned banks: BIDV (VND 57,004 billion), Vietcombank (VND 55,891 billion), and VietinBank (VND 53,700 billion). This makes Techcombank the second-largest bank in the system in terms of charter capital, second only to VPBank (VND 79,339 billion)

You may also like

Revealing the Income of Bank Employees

In 2023, amidst the challenging times for many businesses with labor cuts and reduced salaries, the banking sector continues to maintain a strong income level. Among them, Techcombank stands out with the highest average income of 540 million VND per person per year. Few banks have reduced salaries and benefits for their employees.

Important Notice: Interbank Transfers may take up to 7 business days during public holidays, and funds may not be received until February 15th

There are currently two main transfer methods, including regular transfer (via the Citad system) and 24/7 fast transfer (via the NAPAS system).

Techcombank joins hands with Starbucks Vietnam to bring “Warm Tet from the heart” to customers

Techcombank, one of the leading commercial banks in Vietnam, has announced a comprehensive partnership with Starbucks Vietnam to provide an exclusive experience for customers from both sides. In addition to accepting membership cards and cash, customers can now make seamless payments for products and services at Starbucks Vietnam using Techcombank Visa cards, with attractive benefits.