Tien Phong Commercial Joint Stock Bank (TPBank - code CK: TPB) has just announced documents for the 2025 Annual General Meeting of Shareholders.
In 2025, TPBank sets a pre-tax profit target of VND9,000 billion, up 18.4% compared to 2024. Total assets in 2025 are expected to reach VND450,000 billion, up 7.6%. Mobilized capital is expected to increase by 12.3% to VND420,000 billion. Outstanding loans and bonds of economic institutions increased by about 20% to VND 313,750 billion. TPBank also said that the official credit growth target will be implemented according to the announcement of the State Bank in each period.
Previously, in 2024, TPBank achieved pre-tax profit of VND 7,599 billion, completing 101.33% of the plan assigned by the General Meeting of Shareholders. After paying taxes and setting up funds, the bank's un disbursed profit in 2024 is VND 4,851 billion. TPBank did not submit to shareholders a plan to divide dividends this year.
According to the report of the Executive Board, in 2025, TPBank will change its organizational structure, dissolve the Debt Processing and Recovering Bloc and merge into the Legal Bloc and the Credit Supervision and Debt Processing Bloc. In addition, the bank will streamline personnel at intermediary levels, improve productivity, optimize marking to increase sales force and reduce indirect personnel thanks to the application of technology and process improvement.
The bank also said that it will continue to control the total personnel arrangement, focus on giving priority to business units and key projects; review low-yielding units, handle weak personnel; strengthen training to improve professional qualifications and discipline culture; promote the application of technology/digital transformation in training activities; improve labor productivity and the quality of input candidates.
Recently, TPBank has quickly updated its business results in the first two months of 2025. Accordingly, the Bank's pre-tax profit reached nearly 1,430 billion VND. TPBank expects to continue to maintain strong growth momentum with expected profit reaching VND 2,100 billion by the end of the first quarter of 2025, equivalent to a growth rate of 14.8% over the same period last year. This growth momentum comes from expanding business operations, optimizing financial efficiency and controlling costs effectively.
TPBank's total operating income reached more than VND 2,800 billion in the first two months of the year and is expected to reach VND 4,300 billion by the end of the first quarter.
Outstanding loans to customers also recorded significant growth, reaching VND 263,920 billion and are forecast to reach about VND 269,000 billion by the end of the first quarter. The strong recovery of credit demand, combined with a strategy focusing on key industries, helped TPBank consolidate its position in the retail banking sector.
