Techcombank

Vietnam Technological and Commercial Joint Stock Bank, commonly referred to as Techcombank, is a publicly listed Vietnamese bank. Its shares are traded on the Ho Chi Minh City Stock Exchange under ticker TCB.Techcombank was founded in 1993 by Vietnamese businessmen who returned from Russia. Its domestic investors include Vietnam Airlines and Masan Group. In 2005, global bank HSBC acquired a 10% stake in Techcombank.In 2008, HSBC increased its stake in the bank to 20% by making a follow-on investment of $77.1 million. In 2017, HSBC divested its strategic investment in Techcombank by selling its 172 million share stake. In 2018, US private equity firm Warburg Pincus invested $370 million.
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