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According to the Ho Chi Minh City Stock Exchange (HOSE), Mr. Phan Thanh Son, Vice President of Vietnam Technological and Commercial Joint Stock Bank (Techcombank – Code: TCB), has registered to sell 300,000 TCB shares to meet personal financial needs.
The transaction is expected to be executed through matched orders and put-through transactions from July 26 to August 20. If successful, Mr. Son’s holdings will decrease from over 2.176 million units to over 1.876 million units, equivalent to 0.05327% of Techcombank’s charter capital.
On the stock market, TCB shares are currently trading at VND 22,750 per share as of the closing price on July 25. Based on this price, Mr. Son is estimated to receive more than VND 6.8 billion if he sells the registered shares.
Regarding Techcombank, the bank recently announced its second-quarter consolidated financial statements, with a record-high quarterly profit of VND 7,827 billion, up 38.5% over the same period. For the first six months of the year, Techcombank’s consolidated pre-tax profit was VND 15,628 billion, an increase of 38.6% year-on-year. The bank’s parent company contributed VND 14,744 billion in pre-tax profit, a significant rise of 57.5%.
As of June 30, 2024, Techcombank’s total assets reached VND 908,307 billion, up 6.9% from the beginning of the year. Customer loan balances increased by 14.2% to VND 592,083 billion. Customer deposits also grew by 6%, reaching VND 481,860 billion.
However, the CASA (current account savings account) ratio decreased from 40% at the beginning of the year to 37.5% as of the end of June 2024. The NPL ratio as of the end of the second quarter was 1.23%, slightly higher than the 1.16% at the beginning of the year. The bank’s bad debt coverage ratio stood at 101%.
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