Techcombank (TCB) Plans 7% Cash Dividend, 60% Stock Dividend Ahead of 2026 AGM

Overview

Techcombank (TCB) has added a proposal to raise charter capital via a 7% cash dividend and a 60% stock dividend ahead of its 2026 Annual General Meeting (AGM) scheduled for April 25. The move would lift charter capital to over VND 113,700 billion, making it the largest among Vietnamese banks. The bank also targets 7.6%-15% profit growth in 2026 after a record 2025.

Key Facts

• Techcombank proposes a 7% cash dividend and a 60% stock dividend for 2025.
• Charter capital would increase to over VND 113,700 billion, the highest in the banking system.
• 2026 profit target: growth of 7.6%-15% from 2025’s record pre-tax profit of VND 32,538 billion.
• 2025 pre-tax profit reached VND 32,538 billion, up 18.2% year-on-year, marking the 8th consecutive year as the most profitable private bank.
• Total assets exceeded VND 1,000 trillion in 2025.
• Non-performing loan (NPL) ratio improved to 1.13% from 1.17%, with loan loss coverage at 128%.
• Capital adequacy ratio (CAR) stood at 14.6%, leading the system.
• CASA ratio reached 40.4%, the highest among banks.

What Happened

Techcombank (TCB) has submitted a supplementary proposal to increase charter capital just before its 2026 AGM, scheduled for April 25. The plan includes a 7% cash dividend and a 60% stock dividend, which would raise charter capital to over VND 113,700 billion, positioning it as the bank with the largest charter capital in Vietnam’s banking system.

The bank has set two profit scenarios for 2026, targeting growth of 7.6%-15% from the record 2025 base. In 2025, Techcombank reported pre-tax profit of VND 32,538 billion, up 18.2% year-on-year, extending its streak as the most profitable private bank for eight consecutive years. The bank also highlighted strong asset quality, with total assets surpassing VND 1,000 trillion, an NPL ratio of 1.13%, and a CAR of 14.6%.

Market Context

Techcombank (TCB) shares closed at VND 32,000 on April 15, 2026, down 0.16% with volume of 11.5 million shares. The stock trades on HOSE. The bank’s strong fundamentals, including leading profitability and asset quality, have supported its premium valuation relative to peers. The dividend proposal and capital increase come amid a competitive banking sector where capital adequacy and digital transformation are key differentiators.

Strategic Significance

The capital increase via stock dividend strengthens Techcombank’s equity base, supporting further lending growth and investment in digital infrastructure. The bank’s leading CASA ratio (40.4%) and market share in transaction banking and bancassurance (bancassurance fees up 91.8% in 2025) underscore its strategy as a primary transaction bank. The dividend payout signals confidence in future earnings while the stock dividend rewards shareholders without cash outflow.

What to Watch

• Approval of the dividend and capital increase proposal at the April 25 AGM.
• Q1 2026 earnings release to gauge profit growth trajectory.
• Loan growth in construction and infrastructure sectors, which surged 150.8% in 2025.
• Evolution of NPL ratio and loan loss coverage in 2026.
• Any regulatory changes affecting capital adequacy requirements for banks.