Techcombank sells headquarters building for $72M
By Mei Ling Tan
1 min read
Techcombank has sold its building in Hanoi for VND1.7 trillion (US$72.49 million), making a profit of over VND730 billion.
It had bought the building on 191 Ba Trieu Street in Hai Ba Trung District 10 years ago from conglomerate Vingroup, changed its name to Techcombank Tower and made it its headquarters.
Earlier this year Vietnam’s biggest private bank moved to its headquarters to 6 Quang Trung Street in Hoan Kiem District.
Techcombank reported pre-tax profits of VND5.6 trillion for the first quarter, down 17% year-on-year.
Its credit growth for the period was 10.6%.