TPBank expects highest ever profit in 2025

The bank targets 2025 profit growth of about 18.4% compared to 2024.

Tien Phong Commercial Joint Stock Bank (TPBank - stock code: TPB) has just announced documents for the 2025 Annual General Meeting of Shareholders.

In 2025, TPBank aims to achieve pre-tax profit of VND9,000 billion, up 18.4% compared to 2024. Total assets in 2025 are expected to reach VND450 trillion, up 7.6%. Capital mobilization is expected to increase by 12.3% to VND420 trillion. Outstanding loans and bonds of economic organizations will increase by about 20% to VND313,750 billion. TPBank also said that the official credit growth target will be implemented according to the State Bank's announcement from time to time.

Previously, in 2024, TPBank achieved pre-tax profit of VND7,599 billion, completing 101.33% of the plan assigned by the General Meeting of Shareholders. After paying taxes and setting aside funds, the bank's undistributed profit in 2024 is VND4,851 billion. TPBank did not submit to shareholders a dividend plan this year.

According to the Board of Directors' report, in 2025, TPBank will change its organizational structure, dissolve the Debt Processing and Collection Division, merge it into the Legal Division and the Credit Monitoring Division, and streamline debt processing. In addition, the bank will reduce personnel at intermediate levels, increase productivity, optimize staffing, increase sales force, and reduce indirect staffing through the application of technology and process improvement.

The bank also said it will continue to control the entire bank's personnel, focusing on prioritizing business units and key projects; review units with low productivity, handle weak personnel; strengthen training to improve professional qualifications and discipline culture; promote the application of technology/digital transformation in training activities; improve labor productivity and the quality of input candidates.

Recently, TPBank has quickly updated its business results in the first two months of 2025. Accordingly, the Bank's pre-tax profit reached nearly VND 1,430 billion. This bank is expected to continue to maintain strong growth momentum with an expected profit of VND 2,100 billion by the end of the first quarter of 2025, equivalent to a growth rate of 14.8% over the same period last year. This growth momentum comes from expanding business operations, optimizing financial efficiency and effectively controlling costs.

TPBank's total operating income reached over VND2,800 billion in the first two months of the year and is expected to reach VND4,300 billion by the end of the first quarter.

Customer loans also recorded significant growth, reaching VND263,920 billion and are forecast to reach about VND269,000 billion by the end of the first quarter. The strong recovery in credit demand, combined with the strategy of focusing on key sectors, has helped TPBank consolidate its position in the retail banking sector.