Annual_Report_23-12

Annual_Report_23-12 - 2007 Annual repor t ANNUAL REPORT 07...

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07 ANNUAL REPORT
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2 2007 Annual report
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3 2007 Annual report Contents Financial Highlights Highlights of the year Message from the Chairman Report of the President and CEO Leadership Report on Techcombank’s activities in 2007 Personal Financial Services Corporate and Commercial Banking Services Interbank Activities Information Technology Consolidated Risk Management Quality Management Marketing Human Resources Management & Training Outlook for 2008 Organization Chart Financial statements 5 7 8 10 12 19 23 27 31 33 37 41 43 47 49 50 51
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4 2007 Annual report
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5 2007 Annual report Financial Highlights Unit: Billion VND Total Revenue Total Asset Shareholder Equity Share Capital Profit before tax Profit after tax ROA (%) ROE (%) 905.00 10,666.00 617.00 1,009.41 286.06 206.15 2.60 45.19 1,398.00 17,326.00 1,500.00 1,761.69 356.52 256.91 1.89 26.76 2006 2007 2005 2,653.29 39,542.50 2,521.31 3,573.42 709.74 510.38 1.99 22.98
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6 2007 Annual report
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7 2007 Annual report 1. The Bank’s total assets reached nearly 2.5 billion USD. 2. The branch network expanded to approximately 130 branches and sub-branches creating the second largest network among all joint stock banks in the country. 3. HSBC, Techcombank’s strategic partner, increased its capital stake to 15% and actively supported Techcombank’s management in running the Bank. 4. Techcombank profoundly enhanced its organizational structure by establish- ing the Corporate Banking Division, Personal Financial Services Division and the Credit and Risk Management Division. 5. The Core banking system was upgraded to the latest version T24R06. 6. The Card business grew strongly, achieving a total of 200,000 cards issued in the year. 7. Techcombank became the first and only Vietnamese bank to be compliment- ed by Financial Insights for achievements in leading technological applica- tions and solutions. 8. A “mystery shopper” program was deployed to assess the quality of service provided by branches. 9. The Bank launched a wide range of new products and services, including Bancasurance, supplier financing, real-time online banking service (F@st i-Bank), account management service for securities investors (F@st S-Bank), and an electronic payment gateway providing online payment solutions for e-commerce websites (F@stVietPay). .. 10. Techcombank was awarded “Top Trade Services 2007” by the Ministry of Trade and Industry. Highlights of the year
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8 2007 Annual report Message From the Chairman
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9 2007 Annual report In 2007, the banking system of Vietnam in general and Techcombank in particular achieved robust growth. With our great efforts in strengthening the Bank in all aspects including capital, total assets, branch network, business lines, human resources, and information technology, Techcombank is now on the right track to become the leading, most reliable and preferred bank in the country. Corporate governance has been an important area of focus and we have enhanced this through new specialized units responsible for development strategies and for managing and auditing the bank’s activities. We also set up the Executive Committee (EXCO) supported by a flexible authorization
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Annual_Report_23-12 - 2007 Annual repor t ANNUAL REPORT 07...

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