According to business results in the first quarter of 2025, profit before tax of Tien Phong Commercial Joint Stock Bank (TPBank, McK: TPB) reached more than VND 2,100 billion. This is not only a positive start, but also a signal that TPBank is on the right track in the sustainable growth strategy when profits increased by over 15% compared to the same period last year. ROE index (profit margin on equity) continues to maintain at a high level of 17.5%, reflecting the good and sustainable business efficiency of TPBank.
The structure of the revenue is clearly shifted
According to information from TPBank, TPBank's total operating income in the first quarter reached nearly 4,500 billion dong. In particular, the income from interest still accounts for the largest proportion, reaching 3,380 billion dong. Net income from the service continues to be a bright spot when reaching 910 billion dong, up 27% compared to the first quarter of 2024, pushing the density of service income in total operating income to over 20%, compared to 15% of the same period last year.
This clearly demonstrates the business strategy that reduces the dependence on the credit of TPBank is promoting effectively. The bank actively expands non -credit services such as digital banks, credit cards, electronic payments, personal financial management, ... in order to diversify revenue sources, and minimize risks and increase business sustainability.
In parallel the service expansion, TPBank constantly increases technology content in all financial products, helping to enhance user experience and increase customer loyalty. In 2024, the bank had millions of new customers. Thanks to the large customer base, TPBank has a 20%CASA capital, helping to reduce capital costs and increase business efficiency.
Recently, TPBank continued to be voted by Decision Lab as one of the 7 best banks in Vietnam, thanks to its brand reputation and strong digital transformation speed.
Mobilization and credit growth are positive
Total capital mobilization in the first quarter reached VND 337,800 billion, up 7% over the same period. Meanwhile, one market outstanding is over 271,500 billion dong, up 28% compared to the first quarter of 2024. Particularly, customers' loans reached more than 263,100 billion dong, equivalent to an increase of 30%compared to the same period of 2024. Credit growth rate in the first quarter reached 3.75%, higher than the industry average (2.5%; as of March 25). This is a positive result in the context that the banking industry has just begun to recover credit.
The representative of TPBank said that besides personal loans, the bank focuses on key industries, prioritizing credit for priority fields, in accordance with the orientation of the Government and the State Bank. The 2025 credit balance is expected to increase by about 20%-25%, in accordance with the limit allowed by the State Bank.
In addition, TPBank continuously launched the leading financial products to support businesses and individuals to access the fastest access to capital to promote production and business. With its efforts, TPBank was honored to be awarded the "Best Corporate Banking and Payment Initiative In Vietnam" awards - the best digital bank and payment solution for businesses; At the same time, in the top 5 leading units with financial technology solutions for businesses, standing out thanks to the ability to design specific and specialized solutions by industry.
Impressive business results in the first quarter is a confident momentum to aim for quite challenging goals that TPBank set for the whole year 2025, in the context of the domestic and world economy, there are still many unpredictable fluctuations.
