TPBank's profit reached nearly 5,000 billion VND after 3 quarters.

After nine months, with the milestone of reaching 10 million customers using its services and the number continuing to grow, the bank recorded a highlight in its business results with service income more than 15% higher than the same period last year, reaching VND 2,165 billion. This result stems from the trust and use of tens of millions of customers in TPBank 's diverse products and services. In 2023 alone, TPBank gained more than 1.5 million new customers who placed their full confidence in its services.

Always standing by its customers, TPBank has continuously updated its preferential interest rate policies and reduced fees to support businesses and individuals in overcoming difficult times. The bank is committed to reducing loan interest by an estimated nearly VND 1,400 billion, along with VND 76 billion in various fees for customers this year. This has impacted TPBank's profits, which reached nearly VND 5,000 billion after 9 months.

With practical policies for the market and society, TPBank has always earned the trust and support of its customers, as evidenced by deposit growth figures and a significantly improved CASA ratio. Meanwhile, customer loan growth reached nearly 12%, and non-performing loans were kept within acceptable limits, despite being affected by difficulties in the consumer finance segment.

TPBank's profit reached nearly 5,000 billion VND after 3 quarters - 1

At the end of the first nine months, TPBank's total assets increased by 5% compared to the end of the previous year, reaching over VND 344,400 billion. At the beginning of 2023, TPBank also increased its charter capital to over VND 22,000 billion through a stock dividend distribution at a rate of 39.19%.

Always prioritizing reputation and proactively controlling risks, TPBank maintains a capital adequacy ratio (CAR) of approximately 11% according to Basel III standards, among the highest in the industry, upholding the principles of loan growth and capital safety. Recently, the Purple Bank continued to maintain its position as a leading financially healthy bank in Vietnam, according to the Asian Banker ranking.

The bank consistently maintains control over the non-performing loan ratio within safe limits as required by the State Bank of Vietnam, implements best practices in asset quality management, maintains and strengthens its overall governance system, and promptly and fully meets the most stringent international standards.

Previously, TPBank consecutively received a series of prestigious awards such as: Top 5 most valuable private banking brands with a valuation of USD 424.88 million, strength index of 69.37; Top 15 Largecap Listed Companies meeting the Information Disclosure Standards on the Stock Market in 2023 within the framework of the IR Awards 2023.

Top 10 Most Reputable Commercial Banks in Vietnam 2023; Top 20 enterprises/banks with the best sustainable development index on the stock market (VNSI - Vietnam Sustainability Index) for the period from July 2023 to July 2024, as announced by the Ho Chi Minh City Stock Exchange (HSX)…

Confident in TPBank's financial health and market position in Vietnam, the U.S. Development Finance Corporation (DFC) has signed a commitment to provide TPBank with a $100 million loan with a 7-year term.

TPBank will target individual customers, micro-enterprises, and small and medium-sized enterprises in Vietnam, including low-income female customers and businesses owned and led by women in Vietnam. This also strengthens TPBank's financial resources to continue supporting and accompanying its customers.

Bao Anh

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