Vietnam Technology And Commerce Joint Stock Bank (Vietnamese: Ngân Hà Ng Thng Mi Cphn K Thng Vit Nam/ As Of 2021, The Bank's Total Assets And Net Income Are 568.811 Billion Vietnamese Dong (24.89 Billion USD) And 18.038 Billion Dong (789 Million USD) Respectively
History
TCM Was Founded On September 27, 1993. The Founding Group Is Intellectuals And Businesspeople Who Were Returned To Vietnam By The Soviet Union. The Initial Registered Capital Is 20 Billion Vietnamese Dong. Its Domestic Shareholders Include Vietnam Airlines, Ma Shan Group
In 2005, HSBC Acquired A 10% Stake In TCM. In 2008, HSBC Made A Follow-up Investment Of 77.10 Million US Dollars To Increase Its Shareholding To 20%. In 2017, HSBC Sold All Of Its TCM Holdings. In 2018, Warburg Pincus, A US Private Equity Firm, Invested 370 Million US Dollars.
In 2018, Tech Commercial Bank Listed On The Ho Chi Minh City Stock Exchange, Raising About $900 Million In Its Initial Public Offering, The Largest In Vietnam's History. Most Of The IPO Shares Were Reserved For "cornerstone Investors", Including The Government Of Singapore Investment Corporation, Fidelity Investments Of The United States, And Vietnam Dragon Capital
