Tien Phong Commercial Joint Stock Bank (TPBank)
- No. 57 Ly Thuong Kiet Street, Tran Hung Dao Ward, Hoan Kiem District, Hanoi City
- 190 0585 885
| COMPANY PROFILE
Established in 2008, Tien Phong Commercial Joint Stock Bank (TPBank) inherits the strength from its strategic shareholders at home and abroad including DOJI Gold and Gems Group, FPT Technology Corporation, and Vietnam Reinsurance Corporation (Vinare), SBI Ven Holding Pte. Ltd (Singapore) financial group, IFC International Finance Corporation (a member of the World Bank Group) and PYN Elite Fund, aspiring to become a transparent, efficient and sustainable financial institution that brings the best benefits to its shareholders and customers.
Standing on a solid foundation with the right strategy, TPBank has made a breakthrough with impressive business results. By the end of 2021, TPBank’s total assets reached 292,827 billion VND, an increase of nearly 42% compared to the beginning of the year, exceeding 17% of the plan. The bank’s charter capital has been increased from 11,716 billion VND to more than 15,818 billion VND and equity capital is 25,987 billion VND. Pre-tax profit reached 6,038 billion VND, exceeding the set plan by 4%. Total mobilization reached 262,385 billion VND, most of which came from the deposits of economic entities and individuals. TPBank’s total operating income also reached 13,517 billion VND, up more than 30% over the same period. In addition to interest income from lending activities, net interest income from the bank’s services increased by nearly 65% compared to the same period at the end of 2020, reaching over 1,542 billion VND. In particular, TPBank’s bad debt ratio is controlled at a very low level, only 0.81%, and the bad debt coverage ratio is raised from 130% in 2020 to 160%.
Becoming a leading bank in digital technology with many breakthrough digital financial products, in 2022 TPBank continues to be honored at many prestigious domestic and international awards namely Best Digital Bank in Vietnam, Bank with the Best Service Quality, Excellent Enterprise in Asia, Digital Innovation Enterprise, Top 10 prestigious banks in Vietnam, Inspiring Brand, among others.
Over the past 10 years, TPBank has shown a long-term vision and sustainable development roadmap when gradually consolidating its nationwide branch-office system and constantly expanding cooperation with major partners. By the end of 2021, TPBank owns nearly 500 transaction points (including LiveBank automatic transaction points) nationwide. The total number of individual customers reached 5 million, approximately a three-fold increase since 2017.
With the branding slogan “A deeper understanding”, TPBank wishes to take the foundation of “understanding customers” to build top-quality banking services. Understanding to share, understanding to accompany customers, to create the best and most suitable products and services, bringing the highest added value to customers is the acting compass of the sustainable development that TPBank follows.