TPBank's shareholders' meeting: Set a target business plan of 8,700 billion in 2023, safe and sustainable growth

On the morning of April 26, Tien Phong Commercial Joint Stock Bank (TPBank - code TPB) successfully held the 2023 Annual General Meeting of Shareholders at Melia Hotel, Hanoi. In addition to the business operation report in 2022, and orientation for the 2023 business plan, TPBank also introduced members of the Board of Directors and Supervisory Board for the new term 2023-2028.

Sustainable and long-term business plan

Leading the way in early application of international standards, and as the "Strongest Bank in Vietnam 2022" (according to The Asian Banker's ranking), TPBank continues to record positive business results of in 2022 with a pre-tax profit of VND7,828 billion, up 30%, total assets increased by more than 12% over the same period last year, reaching nearly VND329 trillion. NPL ratio is always in the top lowest when strictly controlled at less than 1%. In 2022, TPBank has risen to do business effectively and sustainably in the context of challenging economic and financial market conditions.

Not only stable business, TPBank also practically responded to the call of the Government and the State Bank when proactively launching preferential credit programs of tens of trillions of dong to support interest rates, accompanying Together with individual customers, supplement capital for businesses in a practical and quick way through the bank's strict and fast digital disbursement and approval processes.

With development marks and positive achievements in 2022, TPBank's General Meeting of Shareholders approved the business plan for 2023 with a target profit before tax of VND 8,700 billion, up 11%, total assets expected to increase by 7% to 350,000 billion dong. Mobilized capital from market 1 is estimated to increase by 6% to VND 306,960 billion. The capital adequacy ratio reached 12.6% and the bad debt ratio continued to remain low.

At the meeting, the bank also approved a plan to increase charter capital to VND 22,016 billion, equivalent to an increase of 39% through stock dividend in 2023.

Sharing at the meeting, Mr. Do Minh Phu, Chairman of TPBank's Board of Directors, said that to achieve this goal, TPBank will continue to promote multi-service business, develop a diversified and high-quality customer base. based on a comprehensive digitalization strategy.

“Pioneering ahead in digital transformation not only enhances TPBank's services and products, brings value to customers, but also optimizes operational costs, helps the bank do business more efficiently, ensures ensure safe credit quality as well as proactively adapt, ready for the next strategic phase," said TPBank's Chairman.

Realizing the 2023 target, in the newly published financial report of the first quarter of 2023, TPBank's business results have reached more than 1,700 billion dong, up 9% over the same period last year. In which, foreign exchange business became a bright spot with revenue of about VND 150 billion thanks to making good use of market opportunities. TPBank's total operating income this quarter reached over VND 3,600 billion, especially net interest income from services reached VND 696 billion, up 36% over the same period in 2022 thanks to the diversification of services as well as the growth in scale bank's operating model.

According to an analysis report by VnDirect securities company, in the face of the general difficulties of the whole industry in 2022, TPBank is still one of the banks leading the retail banking trend in Vietnam thanks to its clear competitive advantage. pioneering digital transformation through simple and streamlined lending procedures. TPBank is also the bank with the highest customer loyalty index (NPS) according to a survey by Cimigo with customers aged 18 - 55 with bank accounts nationwide.

Introducing members of the Board of Directors and Supervisory Board for the new term

One of the other important contents of the AGM is the election of members to the Board of Directors for the new term 2023-2028, all members are elected with a high percentage of the General Meeting after these candidates receive their appraisal and approval. approval from the State Bank. Accordingly, the new Board of Directors includes 06 members: Mr. Do Minh Phu, Mr. Do Anh Tu, Mr. Le Quang Tien, Mr. Shuzo Shikata, Ms. Nguyen Thi Mai Suong and Ms. Vo Bich Ha. (structure includes 5 BOD members and 1 independent BOD member).

The meeting also elected 3 members to hold positions in the Supervisory Board: Ms. Nguyen Thi Thu Huong, Mr. Thai Duy Nghia and Ms. Nguyen Thi Thu Nguyet. (including 1 head of the Supervisory Board and 2 full-time members)

The number and structure of members of the Board of Directors, members of the Supervisory Board elected at the General Meeting are ensured in accordance with the provisions of the law on credit institutions and the requirements of the State Bank.

At the event, on behalf of the Board of Directors for the new term, Mr. Do Minh Phu thanked for the valuable contributions and dedication of the members of the 2018-2023 term to TPBank over the years. Inheriting the achievements of the previous term, the Board of Directors believes that with the presence of new members who are experienced officers, have solid professional skills and market understanding, have worked for many years. At the leading regulatory agencies and financial institutions in Vietnam, TPBank will help TPBank constantly improve its governance capacity and continuously innovate to accelerate TPBank's comprehensive and long-term strategic plans. term. The new term on the occasion of the Bank's 15th anniversary will also mark an important turning point for TPBank's prosperous development period.

Newly joined personnel and TPBank's Board of Directors and Supervisory Board for the term 2023 - 2028

Ms. Nguyen Thi Mai Suong has worked for many years at the State Bank of Vietnam and the Banking Association. Ms. Suong used to be the Director of the State Bank of Vietnam, Ho Chi Minh City branch. Hanoi (2009-2016) and Head of Banking Association (2016-2022).

Ms. Vo Bich Ha has 20 years of working at BIDV, used to hold the position of Director of Investment Management Board, Head of Supervisory Board of BIDV.

Ms. Nguyen Thi Thu Huong has many years of experience working at the State Bank of Vietnam and BIDV. She used to be the Director of the Department of Inspection and Supervision of Foreign Credit Institutions, under the Banking Inspection and Supervision Agency, the State Bank from 2011-2019. From 2019-2022, Ms. Huong is a member of the Board of Directors, representing 30% of state capital at BIDV.