Techcombank Scales up Capital to US$94Bln, Ranking 2nd Biggest JS Bank
The Vietnam Technological and Commercial Bank (Techcombank) has just raised its chartered capital to VND1.5 trillion, becoming the second biggest joint stock bank.
The is the 28th time that Techcombank has boosted its chartered capital since its establishment in 1993.
In the first ten months of 2006, Techcombank marked gross revenues of VND1.1 trillion ($68.8 million), representing 68 per cent growth from a year earlier.
Techcombank earned a pre-tax profit of VND258 billion (US$16.13 million) in January-October, up 72 per cent on year.
By December 4, the bank issued 117,000 payment cards of different kinds. Techcombank is scheduled to introduce Techcombank Visa Debit Card by mid-December.
Banking Times
Vietnamese
