TPBank continues to be honored as the leading strong bank in Vietnam by The Asian Banker

This year's ranking of Top 500 Strong Banks in the Asia Pacific region by The Asian Banker names 15 banks in Vietnam, of which TPBank ranked first for the second consecutive year.

The Asia Banker announced the Top 500 Strongest Banks Ranking in 2023 reviewed in many countries and regions with detailed and transparent scores. Banks and financial companies are evaluated based on six criteria including balance sheet performance; specifically size, balance sheet growth, risk profile, profitability, asset quality and liquidity, divided into 14 specific factors. The evaluation is carried out from March to August every year when the bank's annual financial results are available. The rankings are followed by many investors, analysts and the media as the leading source of information to assess the financial strength of banks and parent financial institutions.

On the recorded scoreboard, TPBank's component scores on debt structure, deposit structure, ratio of credit balance to total deposits, CAR coefficient... are scored superiorly compared to other banks. other. As a result, TPBank achieved 6.05 points, ranked first. The second position belongs to Vietcombank with an overall rating of 5.9, with a number of highly rated indicators such as ROA, cost structure, deposits... Third position belongs to MB with 5.68 points, followed by Techcombank with 5.65 points and ACB with 5.6 points.

Pursuing sustainable development values with a healthy, stable business foundation, TPBank's risk management system is always highly appreciated in professional circles.

Representative of The Asian Banker highly appreciated TPBank's efforts in proactively implementing Basel III regulations. In 2022, despite having previously met Basel III standards, TPBank will continue to increase risk management capacity with advanced methods according to Basel III.
“In 2022, TPBank maintains a strong liquidity position, with liquid assets accounting for 49% of total deposits and loans, exceeding the average of 27.8% of all Vietnamese banks in the ranking. The bank has achieved high profitability, with net profit increasing by 30%. Return on assets (ROA) reached 2%, while return on equity (ROE) was 22%. In addition, the bad debt ratio is at a low level of 0.8% in 2022, far exceeding the industry average of 1.5%,” a representative of The Asian Banker added.

In the first 9 months of the year, despite being affected by the difficult economic situation, the bank still ensured the indexes were within the limits allowed by the State Bank, despite being affected by difficulties in the consumer finance segment. use.

With practical policies for the market and society, customers always trust and support TPBank, this is shown through deposit growth data, along with significantly improved CASA ratio. Meanwhile, customer loan growth was nearly 12%

TPBank also focused on growing service income by 15% over the same period and foreign exchange income by 32%, replacing the stagnation of net interest income. The bank will achieve a profit of nearly 5,000 billion VND in the first 9 months of 2023.

Always accompanying customers, over the past time, TPBank has continuously updated preferential interest rate policies and reduced fees to support businesses and individuals to overcome difficult times. The bank committed to reducing loan interest by an estimated nearly 1,400 billion VND, along with 76 billion VND in fees for customers this year. This affected TPBank's profits, recorded at nearly 5,000 billion VND after 9 months.
At the end of 9 months, TPBank's total assets increased by 5% compared to the end of last year, reaching over 344,400 billion VND. In early 2023, TPBank also increased its charter capital to more than 22,000 billion VND through paying dividends in bonus shares at a rate of 39.19%.

This is the second consecutive year that TPBank leads the group of strong banks in Vietnam, showing its financial foundation and strict risk control activities. Purple Bank is always at the forefront of meeting the most stringent standards in the world regarding capital safety, security platforms and maintaining sustainable and effective business operations. This is also the general trend of the world's leading banks.