Tien Phong Commercial Joint Stock Bank (TPBank) aims for a pre-tax profit of 9 trillion VND in 2025, a growth of 18.4% compared to 2024. Total assets are projected to reach 450 trillion VND, increasing by 7.6%, while funding is expected to rise by 12.3% to 420 trillion VND. Lending and bond issuance to economic organizations are anticipated to reach approximately 313.75 trillion VND, a 20% increase. TPBank will not distribute dividends this year. The bank plans to restructure by dissolving the Debt Recovery Division and enhance labor productivity while advancing technology applications. In the first two months of 2025, the pre-tax profit reached nearly 1.43 trillion VND, and is expected to hit 2.1 trillion VND by the end of Q1. The loan balance also saw significant growth, reaching 263.92 trillion VND, expected to increase to around 269 trillion VND by the end of Q1, indicating a strong position in retail banking.
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