TCBS has signed a convertible loan agreement worth 50 million USD with DEG, a German development finance institution. This agreement marks an important step in sustainable collaboration between TCBS and DEG, confirming that TCBS meets strict environmental, social, and governance (E&S) criteria. Mr. Nguyen Xuan Minh, Chairman of TCBS, stated that DEG’s entry as a shareholder will support growth and facilitate TCBS’s access to the European market. Ms. Gudrun Busch from DEG asserted that this loan not only promotes TCBS’s development but also enhances the sustainability of Vietnam’s capital market by adhering to international standards and fostering future green bond initiatives. Currently, TCBS is a top securities company in Vietnam, achieving the highest pre-tax profit in the industry for seven consecutive years.
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