A bank approved by the SBV to increase its charter capital by more than 1,300 billion VND

On October 8, 2025, the State Bank of Vietnam approved the Tien Phong Commercial Joint Stock Bank (TPBank) to increase its charter capital by up to 1,321 billion VND from undistributed cumulative profits. This capital increase is part of the plan approved by the General Meeting of Shareholders in 2025. TPBank will implement it according to the legal regulations and must comply with the ownership limits of shareholders under the 2024 Credit Institutions Law. The bank also approved a dividend payment plan of 15% for this year, including a cash dividend of 10% in May 2025 and the issuance of 132 million shares for dividends, equivalent to 5%. After the issuance, TPBank’s charter capital will rise from 26,420 billion VND to over 27,740 billion VND, marking the third consecutive year the bank has paid dividends in both cash and shares.