Tien Phong CommercialBank : 20/10/2023 - Financial statement Q3.2023 and explanation
October 20, 2023 at 03:45 pm IST
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THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
No.: 126/2023/TPB.HDQT
Hanoi, October 20, 2023
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: 024. 3768 8998
Fax: 024. 3768 8979
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 2023.
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 2023 as follows:
Profit after tax in Q3.2023 was VND 1,263 billion, down -26.22% compared to the same period of 2022.
Reason:
In the business situation being unstable and not showing much improvement, along with TPBank implementing many preferential policies on interest rates and service fees to support customers through difficult times, it has led to the Bank's business results not achieving expected results. Profit after tax in Q3.2023 reached 1,263 VND billion, down 449 VND billion (equivalent to 26.22%) compared to Q3.2022.
The largest contribution to the bank's total profit comes from Net interest income of 2,963 VND billion (up 8% YoY) and Net fee and commission income of nearly 666 VND billion. Foreign currencies in Q3.2023 still maintained a slight growth compared to the same period last year and reached a net revenue of 123 VND billion.
Thanks to making good use of market opportunities, TPBank's trading securities in Q3.2023 have brought high efficiency with net revenue reaching nearly 552 VND billion.
The business situation of some operating segments in Q3.2023 is as follows:
1
Units: VND million, %
No.
Items
Q3.2023
Q3.2022
+/-
% +/-
1
Net
interest
and
similar
2,962,701
2,740,672
222,029
8.10%
income
2
Net
fee and
commission
665,872
683,797
-17,925
-2.62%
income
3
Net gain/(loss) from trading
123,088
118,468
4,620
3.90%
of foreign currencies
4
Net gain/(loss) from trading
551,598
7,014
544,584
7,764.24%
securities
5
Profit before tax
1,575,657
2,137,715
-562,058
-26.29%
6
Profit after tax
1,262,841
1,711,622
-448,781
-26.22%
This information was disclosed on TPBank's Portal on October 20, 2023 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
2
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TienphongBank - Tienphong Joint–Stock Commercial Bank published this content on 20 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2023 10:14:31 UTC.
Tien Phong Commercial Joint Stock Bank is a Vietnamese-based bank engaged in the provision of banking and finance solutions. Its businesses include retail banking, corporate banking and others. Its retail banking business include saving accounts, loans, credit cards, debit cards, money transfer and other services. Its corporate banking business include account management, deposit, loan and finance, inter settlement, domestic settlement, guarantee and treasury services. It also provides online banking service.