Techcombank targets market capitalisation of US$20 bill

Techcombank targets market capitalisation of US$20 billion in 5 years - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports


Update:
April, 25/2021 - 15:16
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Jens Lottner, Techcombank’s general director at Techcombank's 2021 Annual General Meeting of Shareholders. — Photo courtesy of the bank
HÀ NỘI — Techcombank (TCB) aims to become the leading bank not only in Việt Nam but also in the Top 10 in ASEAN, with a market capitalisation of US$20 billion in the next five years.
Accordingly, its return on equity (ROE) would be at 20 per cent, Total Operating Income (TOI) at 30 per cent and current account savings account (CASA) ratio at 55 per cent.
The information was released at its 2021 Annual General Meeting of Shareholders (AGM) held in Hà Nội on Saturday. The shareholders approved all resolutions presented, including the 2021 business plan.

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