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"Even in the very tough environment we are seeing, our employees have maintained a high quality and reliable service for our customers and this is helping us deliver stellar performance year after year," said Jens Lottner, CEO of Techcombank. Last year, the bank continued to reduce costs while focusing on building deposits in its current accounts and savings accounts (CASA), which Lottner described as a "stable and cheap" source of funding. Techcombank’s CASA ratio, which reflects the percentage of the bank’s total deposits that are CASA, jumped from 46.1 percent in 2020 to 50.5 percent last year, on its way to the bank’s target of 55 percent by 2025. Techcombank’s net interest margin (NIM), a measure of the difference between the interest received by the bank and the amount paid out to lenders, also increased 69 basis points to 5.6 percent during the year. "Together, these improving metrics, along with our effective cost management, translated into an excellent profit before tax … [Read more...] about Techcombank eyes seat at top Southeast Asian banking table

Featured Bangkok, Hanoi, Jakarta (GMT+7) Oldest Latest Has news updated Caption Do Hung Hung (number 16) leads the ball while instructing a teammate. Photo by Duc Dong 66' Tien Linh got the chance to face the keeper, but before he was able to finish, a Malaysia defender cleared the ball in front of his foot. 64' First substitution for Vietnam. Nham Manh Dung out for Nguyen Van Tung. 60' Malaysia made the first substiution. 56' Le Van Do moved to the left flank in the second half and unlike in the first half, his crosses were too deep. 46' Second half started No substitutions were made after the first half. 45'+1 First half ended Ly Cong Hoang Anh tried to finish from afar after a corner, but it went straight to the hands of keeper Ghani. This was also the final play of the first half. … [Read more...] about SEA Games semifinals: Vietnam 0-0 Malaysia