SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
No.: 67/2024/TPB.HĐQT | Hanoi, August 19, 2024 |
DISCLOSURE OF INFORMATION ON THE STATE SECURITIES
COMMISSION'S PORTAL AND THE HOCHIMINH STOCK
EXCHANGE'S PORTAL
To: - The State Securities Commission
- The Hochiminh Stock Exchange
- Name of organization: Tien Phong Commercial Joint Stock Bank
- Stock code: TPB
- Address: TPBank Building, No. 57, Ly Thuong Kiet Street, Tran Hung Dao Ward, Hoan Kiem District, Hanoi City
- Tel: 024. 3768 8998
- Fax: 024. 3768 8979
-
Submitted by ion: Mr. Le Quang Tien
Position: Vice Chairman of the Board of Directors
Information disclosure type: Periodic | Irregular | 24 hours | On demand |
Content of disclosed information: Interim Consolidated Financial Statements for the period ended June 30, 2024.
Tien Phong Commercial Joint Stock Bank (TPBank) would like to explain the changes in profit after tax compared to the same period in the Interim Consolidated Financial Statements for the period ended June 30, 2024 as follows:
Interim consolidated profit after tax is 2,985 billion VND, an increase of 10.31% over the same period in 2023. TPBank has generated a consolidated statement since 1Q2024, so the beginning of the period data on the consolidation statement is based on individual reported data at the same period last year.
Main reason:
Interim consolidated profit after tax in 2024 reached 2,985 billion VND, an increase of 279 billion VND (equivalent to 10.31%) compared to 6M2023. In particular, the largest contribution to the total profit of the bank still comes from Net interest income and Net fee and commission income.
In the first 6 months of this year, the Bank's consolidated interest and service income achieved positive growth thanks to the expansion of customer scale as well as the diversity and increase in service quality of the Bank, specifically as follows:
- Net interest income in 6M2024 reached more than 6,664 billion VND, an increase of 829 billion VND compared to the same period last year (an increase of 14.21%).
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- Net fee and commission income in 6M2024 reached 1,660 billion VND, an increase of 530 billion VND compared to the same period in 2023 (an increase of 46.91%).
In addition, thanks to the implementation of policies to optimize operating costs to increase profit margins, the Bank's operating costs in 6M 2024 decreased by more than 450 billion VND (a decrease of 12.85 billion VND) compared to the same period in 2023.
The business situation of some operating segments in 6M2024 of TPBank is as follows:
Unit: Million VND, %
No. | Targets | January 1 - | January 1 - | +/- | % +/- |
June 30, 2024 | June 30, 2023 | ||||
1 | Net interest income | 6,664,158 | 5,835,089 | 829.069 | 14.21% |
2 | Net fee and commission income | 1,660,306 | 1,130,160 | 530,146 | 46.91% |
3 | Net gain/(loss) from trading | 430,572 | 271,915 | 158,657 | 58.35% |
investment securities | |||||
4 | Operating expenses | -3,058,800 | -3,509,711 | 450,911 | -12.85% |
5 | Profit before tax | 3,732,615 | 3,383,438 | 349,177 | 10.32% |
6 | Profit after tax | 2,985,356 | 2,706,347 | 279,009 | 10.31% |
This information was disclosed on TPBank's Portal on August 19, 2024 available at https://tpb.vn/eng/nha-dau-tu/bao-cao-tai-chinh
I declare that all information provided in this paper is true and accurate; I shall be legally responsible for any mispresentation.
Recipients:
- As above;
- Archived by BOD Office.
Organization representative
Person authorized to disclose information
VICE CHAIRMAN
(Signed and sealed)
Le Quang Tien
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