Tien Phong CommercialBank : 19/01/2023 - 4th quarter of 2023 financial statement with explanation

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

No.: 07/2023/TPB.HDQT

Hanoi, January 19, 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 Chairman

Information disclosure type:  Periodic

Irregular

24 hours

On demand

Content of Information disclosure: Financial Statements for the 4th 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 4th quarter of 2022 as follows:

Profit after tax in Q4.2022 was VND 1,519 billion, up 15.6% compared to the same period of 2021.

Reason:

Profit after tax in Q4.2022 reached VND 1,519 billion, an increase of VND 205 billion (equivalent to 15.6%) compared to Q4. 2021. In which, the main contribution to the profit result of Q4.2022 is still net interest income with the result of 2,780 VND billion, down VND 30 billion YoY due to the deposit interest rate at the end of 2022 upward trend. Net fee and commission income reached VND 816 billion, an increase of VND 326 billion YoY. In 2022, inflation on a global scale causes the foreign currency rate to go up, affecting TPBank's foreign exchange business. In Q4.2022, TPBank's foreign currency business results reached VND 80 billion, down VND 180 billion YoY. In addition, the cost of provisioning for credit losses in Q4.2022 decreased by VND 445 billion YoY, showing that TPBank has better controlled credit risk from customers, increasing profits for the bank but always ensure to make provision in accordance with regulations of the State Bank of Vietnam.

The business situation of some operating segments at TPBank in Q4.2022 is as follows:

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Units: VND million, %

No.		Items		Q4.2022	Q4.2021	+/-	% +/-
1	Net	interest	and	similar	2,779,678	2,810,324	- 30,646	- 1.09%
income
2	Net	fee and	commission	816,174	489,876	326,298	66.61%
income
3	Net gain/(loss) from trading	80,482	260,820	- 180,338	- 69.14%
of foreign currencies
4	Provision expenses for credit	114,564	559,570	- 445,006	- 79.53%
losses
5	Profit before tax		1,902,743	1,644,591	258,152	15.70%
6	Profit after tax			1,519,328	1,314,222	205,106	15.61%

This information was disclosed on TPBank's Portal on January 19, 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

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