News · VnExpress

Largest securities firm lends over US$2 billion

TCBS, the largest securities firm in the market, had margin lending balances of about VND 54,739 billion, up 25.6% from the start of the year, with nearly all of it (about VND 54,400 billion) used for margin. Lending was the main growth driver in the third quarter, accounting for 44% of revenue, or VND 1,561 billion, while total revenue reached VND 3,534 billion, up nearly 12%. Third-quarter pre-tax profit was VND 2,152 billion, up 6.3% and the highest ever, and nine-month pre-tax profit reached VND 5,708 billion, or 76% of the full-year plan. As of September 30, total assets were nearly VND 97,000 billion, and the margin lending-to-equity ratio stood at 1.15 times, below the 2 times regulatory limit. TCBS is a subsidiary of Techcombank, which owns nearly 80% of it, and currently leads the sector in charter capital, margin loan balances and market capitalization.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Công ty lớn nhất ngành chứng khoán cho vay hơn 2 tỷ USD

Read the original on VnExpress ↗

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