The Asian Banker ranks TPBank as the leading strong bank in Vietnam

According to the recently announced 500 strongest banks in Asia - Pacific, The Asian Banker rated TPBank as the leading bank in Vietnam and number 61 in the Asia-Pacific region in terms of financial strength with 5 criteria to get the maximum score. An unexpected result for the market but extremely worthy for TPBank after many years of growing up.

Every year, The Asian Banker's "The Strongest Bank in Vietnam" ranking is always paid great attention and appreciation by experts, besides, this is also a measure of the market's value when accurately assessed. financial "health" and business performance of commercial banks in Vietnam, and more broadly in the Asia Pacific region, with the view that a strong bank must demonstrate long-term ability Therefore, The Asian Banker's rankings are transparently calculated based on six areas of financial performance; namely, the ability to scale. , balance sheet growth, risk profile, profitability, asset quality and liquidity This year's ranking of banks in Vietnam has significantly improved compared to 2021, showing the quality Quality and ability to develop evenly across many fields are assessed.

From the 7th position in the ranking in 2021, TPBank was suddenly named and ranked in the top position by The Asian Banker with a total score of 3.31 and owns 5 criteria for maximum score, including: Deposits , Return on assets, Expense-to-revenue ratio, Provision for loan losses for total bad debts, Liquidity.

Although there is no score in the category of Total Assets to GDP with a weighted up to 17.5%, TPBank still achieved the highest total score in the ranking. This shows TPBank's efforts when it is a young bank with small total assets, but is always interested in internal financial strength for development as well as persistently pursuing sustainable values, to continuously build on its strength. From a bank in the process of restructuring, the results have come after many years of continuously focusing on comprehensive business development as well as pioneering efforts to fulfill international advanced standards in risk management, not stop improving capital capacity, asset quality and maintain stability in the face of market fluctuations.

The Asian Banker's index of indicators shows that TPBank received many absolute points, surpassing many "big men" in the financial and banking industry in Vietnam.

TPBank is highly appreciated for its CAR - capital adequacy ratio due to the application of Basel III international risk management standards while other banks in the system are only applying Basel II.

Mr. Nguyen Hung, General Director of TPBank shared: “When implementing these standards at the same time, the pressure on the bank's capital plan in the medium and long term is great, forcing TPBank to plan closely and optimally. optimize capital sources, develop effective business plans to ensure the rapid but sustainable development of the bank. The Asian Banker's ratings and recognition accurately reflect the market correlation and are the best recognition for TPBank's continuous efforts in recent years."

At the same time in November 2022, International Business Magazines (IBM), an international news magazine with an in-depth analysis system on finance, economics, banking and technology honored TPBank as a standard-applicating bank. The highest international standards on risk management and financial management in Vietnam 2022.

Previously, TPBank was one of nine banks that Moody's upgraded its issuer rating and long-term local and foreign currency deposits (from B1 to Ba3); The bank's counterparty risk rating was maintained at Ba3. The rating outlook is stable and TPBank possesses good profitability, safe asset quality, solid capital base and high liquidity. A Moody's representative said that TPBank's BCA base credit upgrade was based on Vietnam's positive economic growth prospects as well as the significant improvement in the bank's asset quality, with a particular focus on Improvements in internal credit strength, especially bad debt handling, significantly improved the bank's capital.

Established in 1996, The Asian Banker is Asia's top rated and rated magazine in the banking and finance sector. The Asian Banker's rankings are rigorously reviewed, transparent, and are the most prestigious awards for the banking sector in Asia.