Tien Phong Commercial Joint Stock Bank (TPBank) announced impressive business results for the first two months of 2025, with a pre-tax profit of nearly 1,430 billion VND. The bank anticipates continued strong growth, aiming for a profit of 2,100 billion VND by the end of Q1, up 14.8% year on year. Total operating income surpassed 2,800 billion VND and could reach 4,300 billion VND by the end of Q1. Customer loan balance also recorded significant growth, reaching 263,920 billion VND with expected growth to around 269,000 billion VND by the end of Q1. TPBank is optimizing financial performance through effective cost control and maintaining a high CASA ratio above 20%. It is forecasted that TPBank may achieve a pre-tax profit of 9,116 billion VND for the entire year of 2025, an increase of 20% compared to 2024. TPBank also reported an improvement in the bad debt ratio and has strong digital service development strategies to enhance operational efficiency. On April 24, TPBank will hold its annual shareholders’ meeting to discuss business results and development plans.
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