Tien Phong CommercialBank : Audited financial statements for 2022 with explanations

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

No.: 45/2023/TPB.HDQT

Hanoi, March 28, 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: [phone]

• - Fax: [phone]

• - Submitted by: Mr. Le Quang Tien Position: Vice ChairmanInformation disclosure type:  PeriodicIrregular

24 hoursOn demandContent of Information disclosure: 2022 Audited Financial Statements.

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

TPBank's profit after tax in 2022 is nearly VND 6,261 billion, up 30% compared to 2021.

Reason:

Profit after tax in 2022 reached nearly VND 6,261 billion, an increase of VND 1,431 billion

(equivalent to 30%) compared to 2021. In which, the main contribution to business results was net interest income with the results achieved VND 11,386 billion, an increase of VND 1,440 billion compared to the previous year. Net fee and commission income reached VND 2,692 billion, an increase of VND 1,149 billion compared to 2021. In addition, provision expense for credit losses in 2022 decreased by VND 1,065 billion compared to the previous year, showing that TPBank has controlled better credit risk from customers, increasing profits for the bank but always ensuring provisioning in accordance with regulations of the State Bank of Vietnam

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

Units: VND million, %

No.	Items	31.12.2022	31.12.2021	+/-	% +/-
1	Net interest income	11,386,597	9,946,049	1,440,548	14%
2	Net fee and commission income	2,691,980	1,542,466	1,149,514	75%
No.	Items	31.12.2022	31.12.2021	+/-	% +/-
3	Net gain/(loss) from foreign currencies trading	410,216	373,374	36,842	10%
4	Net gain/(loss) from other operating activities	702,141	245,777	456,364	186%
5	Provision expense for credit losses	1,843,644	2,908,490	- 1,064,846	-37%
6	Profit before tax	7,828,288	6,038,222	1,790,066	30%
7	Profit after tax	6,260,744	4,829,179	1,431,565	30%

This information was disclosed on TPBank's Portal on March 28, 2023 available athttps://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.

Attachment:	Organization representative
- 2022 Audited Financial Statements	Person authorized to disclose information
VICE CHAIRMAN
Recipient:
- As above;	(Signed and sealed)
- Archived by BOD Office.
Le Quang Tien