TPBank ranks fourth in the Top Most Trusted Private Banks in Vietnam.

With strong capabilities, breakthrough business performance, and top-notch management, TPBank has been highly evaluated by the VNR500 expert council and voted as one of the top 10 reputable commercial joint-stock banks for the fifth consecutive year.

Over the past decade, the independent ranking list by Vietnam Report has recorded the relentless efforts of financial organizations and Vietnamese enterprises. Along with the economic growth, Vietnam Report has also recognized the strong changes in the banking and financial industry.

In 2023, the expert council will evaluate based on the criteria of financial capacity, media reputation, customer recognition and satisfaction, position, prestige, and the survey on capital scale, revenue growth rate, profit, and operational plans conducted in June 2023. Meeting all the criteria, TPBank has been present in the Top 10 Most Trusted Commercial Joint-Stock Banks in Vietnam 2023, especially surpassing many competitors to have a five-year consecutive streak in the Top 4 Most Trusted Private Commercial Joint-Stock Banks. In addition, TPBank was also honored in an important category in the Top 12 Trusted and Effective Public Companies 2023 (VIX50).

It can be seen that after nearly 11 years of restructuring since July 2012 until now, with relentless efforts, TPBank has gained the trust and honor from shareholders, partners, and customers to be ranked high by reputable organizations in the market. TPBank has undergone a massive transformation, from a “small” position, TPBank has risen strongly to establish its solid position among the top-tier banks in terms of trust and operational efficiency in Vietnam.

Sharing about the above information, a representative of TPBank said: "This is the 5th consecutive year that TPBank has entered the Top 10 prestigious Vietnamese commercial banks and maintains the 4th position in the group of private banks. The importance of VNR attests to TPBank's prestige and influence in the market, which has been highly appreciated by the VNR500's expert council on many important criteria such as financial capacity as shown in the newspaper. financial statements of the most recent year; media reputation and results of surveys of related subjects conducted over the years”.

Consistent with the path of digitization, always taking customers as the center of all business activities, after 15 years of appearing on the market, TPBank has possessed outstanding financial strength and business efficiency, a development roadmap for own sustainable development, leading management ability and leading the "wave" of banking digitization in Vietnam at the present time. Facing uncertain factors of the economy, TPBank's key business segments continued to grow well and bring efficiency. The bank recorded a pre-tax profit of nearly 3.4 trillion dong in the first half of 2023. The bank's total assets increased to approximately 343.5 trillion dong, an increase of more than 10% over the same period.

From the beginning of the year until now, TPBank has also continuously brought good news to customers and partners. In April, TPBank conducted a cash dividend of up to 25%. Not long after that, the bank increased its charter capital to VND 22,016 billion through the dividend of bonus shares at the rate of 39.19%. TPBank also actively shares resources and shares difficulties with customers by practical actions. In the first 6 months of the year, the bank continuously announced large and effective interest rate cuts for a series of new and old loans, with a maximum reduction of up to 3.6%.

TPBank always prioritizes maintaining a high liquidity buffer to ensure its ability to withstand any market fluctuations. Actively implementing the best management plans in terms of asset quality, maintaining and consolidating comprehensive strength in the governance system, TPBank soon fully meets the strictest international standards, while actively controlling control the bad debt ratio within the safe range as required by the State Bank. As a result, the bank's capital adequacy ratio (CAR) according to Basel III standards remained above 11% in the first 6 months of this year. The bank always ensures to make provisions in accordance with the regulations of the State Bank, showing that TPBank has well controlled credit risk from customers to increase the bank's profit under the right conditions. Thanks to a solid capital buffer and well-balanced loan structure (Enterprise: 11%, SME: 30%, Retail: 59%), TPBank achieved credit growth higher than the industry average.

In the coming time, TPBank will continue to strive to develop, create and digitize further to bring the best financial products, core financial values, best meet the needs of customers and partner. Continuing to be one of the bright spots of the industry in terms of sustainable and effective business, worthy of the "Bank of the Digital Age".