Tien Phong CommercialBank : 20/10/2022 - Financial statement for Q3 2022 with explanations

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

No.: 63/2022/TPB.HDQT

Hanoi, October 20, 2022

DISCLOSURE OF INFORMATION ON THE STATE SECURITIES

COMMISION'S PORTAL AND THE HOCHIMINH STOCK

EXCHANGE'S PORTAL

To: - The State Securities Commission

• • The Hochiminh Stock Exchange
• Name of organization: Tien Phong Commercial Joint Stock Bank
• Stock code: TPB
• Address: TPBank Building, No. 57, Ly Thuong Kiet Str., Tran Hung Dao Ward, Hoan Kiem District, Hanoi
• Tel: [phone]
• Fax: [phone]
• Submitted by: Mr. Le Quang Tien
  Position: Vice Chairman

Information disclosure type:  Periodic

Irregular

24 hours

On demand

Content of Information disclosure: Financial Statements for the 3rd quarter of 2022.

Tien Phong Commercial Joint Stock Bank (TPBank) would like to explain the fluctuations in profit after tax compared to the same period in Financial Statements for the 3rd quarter of 2022 as follows:

Profit after tax in Q3.2022 was VND 1,712 billion, up 54.22% compared to the same period of 2021.

Reason:

Profit after tax in Q3.2022 reached VND 1,712 billion, an increase of VND 602 billion (equivalent to 54.22%) compared to Q3.2021. In which, net interest and similar income contributed mainly to the profit result of Q3.2022 with the result of VND 2,741 billion (up 16.84% over the previous period). Net fee and commission income reached VND 684 billion, an increase of VND 326 billion compared to Q3.2021. Trading of foreign currencies in Q3.2022 also achieved good results with an increase of VND 163 billion compared to the same period in 2021. In addition, provision expenses for credit losses in Q3.2022 decreased by VND 1,017 billion over the same period showed that TPBank has better controlled credit risk from customers and increased profits for the bank.

The business situation of some operating segments at TPBank in Q3.2022 is as follows:

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Units: VND million, %

No.		Items		Q3.2022	Q3.2021	+/-	% +/-
1	Net	interest	and	similar	2,740,672	2,345,634	395,038	16.84%
income
2	Net	fee and	commission	683,797	357,770	326,027	91.13%
income
3	Net gain/(loss) from trading	118,468	- 44,673	163,141	365.19%
of foreign currencies
4	Provision expenses for credit	328,474	1,345,615	- 1,017,141	-75.59%
losses
5	Profit before tax		2,137,715	1,386,967	750,748	54.13%
6	Profit after tax			1,711,622	1,109,879	601,743	54.22%

This information was disclosed on TPBank's Portal on October 20, 2022 available at https://tpb.vn/eng/nha-dau-tu/bao-cao-tai-chinh.

I declare that all information provided in this paper is true and accurate; I shall be legally responsible for any mispresentation.

Recipient:

• As above;
• Archived by BOD Office.

Organization representative

Person authorized to disclose information

VICE CHAIRMAN

(Signed and sealed)

Le Quang Tien

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