AsemconnectVietnam - Techcombank's (HOSE: TCB) pre-tax profit for the third quarter of 2026 reached VND10,400 billion, its highest quarterly profit ever, bringing its nine-month profit to VND28,900 billion, a 23.7% increase year-on-year, thanks to diversified income growth.

According to the recently released financial report for the third quarter and the first nine months of 2026, Techcombank's total operating income (TOI) reached VND45,200 billion, a 17.1% increase year-on-year, and pre-tax profit (PTP) reached VND28,900 billion, a 23.7% increase. In Q3 2026 alone, pre-tax profit reached VND10,400 billion, a 25.8% increase year-on-year and setting an all-time high for the quarter. Return on equity (ROE, 12 months) increased to 16.3% from 14.4% in the same period; ROA reached 2.5%.
Net interest income (NII) for the first nine months increased by 16.9% to VND32,000 billion; in Q3 alone, it increased by 17.9% to VND11,700 billion. The quarterly net interest margin (NIM) continued its recovery, rising to 3.5% from 3.4% in Q2 2026.
Notably, Techcombank's income from service activities (NFI) for the first nine months reached VND11,800 billion, a 40.0% increase year-on-year. In the third quarter alone, revenue increased by 44.6% to VND4,200 billion. The proportion of Net Interest Margin (NFI) to Total Interest Income (TOI) for the first nine months increased to 26.2% from 21.9% in the same period last year.
The largest contribution came from letters of credit (LC), cash, and payments, totaling VND4,900 billion, a 136.6% increase thanks to the continued expansion of LC solutions.
Insurance service fees, including bancassurance and insurance services of subsidiaries, continued to be one of the pillars of the Bank's non-interest income, reaching VND1,700 billion, a 106.1% increase; specifically, in the third quarter, it reached VND705.5 billion.
Card service fees reached VND1,500 billion, a 29.0% increase. Revenue from foreign exchange and derivatives services reached VND1,100 billion, a 27.1% increase. In the third quarter alone, revenue increased by 37.7% to VND430 billion due to increased demand for exchange rate risk hedging.
Conversely, investment banking (IB) service fees reached VND2,800 billion, a decrease of 17.5%. Distribution activities remained positive, but profit margins were affected by higher interest rates.
Net income from other activities (excluding recovery of previously written-off debts) reached VND872.7 billion, a decrease of 48.2% due to unfavorable market fluctuations, although the third quarter improved and recorded a profit.
Techcombank's operating expenses for the first nine months reached VND13,800 billion, an increase of 18.7%. In the third quarter alone, operating expenses were VND5,300 billion, an increase of 14.6% compared to the previous quarter and 17.9% compared to the same period last year, due to the bank expanding its workforce, boosting marketing, and increasing technology investment. The cost-to-income ratio (CIR) for the third quarter was 31.9%, within the management's target.
Provisioning costs for the first nine months decreased by 30.5% year-on-year to VND2,500 billion. Credit costs (12-month trailing) decreased to 0.4%, or 0.3% if including revenue from restructured debt.
As of September 30, 2026, Techcombank's total assets reached VND1.3 trillion, an increase of 16.7% year-on-year. Credit growth accelerated in the third quarter, driven by financing key national projects. Including loans for projects excluded from the growth limit, outstanding loans at the individual bank increased by 16.3% year-on-year; the growth rate according to the State Bank of Vietnam's limit was 10.7%.
Corporate credit reached VND542,400 billion, an increase of 20.0% year-on-year and 17.1% year-on-year, mainly driven by disbursements for large-scale national infrastructure projects. The proportion of real estate loans decreased to 29.9% of total outstanding loans.
Personal and SME credit reached VND419,000 billion, an increase of 12.7% year-on-year and 22.6% year-on-year.
Customer deposits reached VND692,100 billion, an increase of 8.4% year-on-year and 4.0% year-on-year. CASA balances reached VND245,900 billion, accounting for 35.5% of total customer deposits.
The non-performing loan ratio in the third quarter was 1.36%, compared to 1.15% in the previous quarter. The increase was mainly due to some individual loans outside the core business. Excluding the impact of CIC, the non-performing loan ratio is 1.26%. The loan loss coverage ratio reached 107%.
Subsidiaries within the ecosystem experienced positive growth. Specifically, Techcom Securities Joint Stock Company (TCBS, HOSE: TCX) achieved pre-tax profit of VND2,152 billion in Q3, the highest quarterly profit in its history; cumulative profit for the first nine months reached VND 5,708 billion, an increase of 13%, completing 76% of the annual plan.
Techcom Life Insurance Joint Stock Company (Techcom Life) achieved new business revenue of approximately VND652 billion in Q3 and increased its charter capital to VND4,300 billion.
Source: VITIC/Bao Tai chinh – Dau tu