Tien Phong CommercialBank : 20/04/2023 - Financial statement of Quarter I - 2023 with explanation

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

No.: 57/2023/TPB.HDQT

Hanoi, April 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: [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 1st 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 1st quarter of 2023 as follows:

Profit after tax in Q1.2023 was VND 1,413 billion, up 8.76% compared to the same period of 2022.

Reason:

Profit after tax in Q1.2023 reached VND 1,413 billion, an increase of nearly VND 114 billion (equivalent to 8.76%) compared to Q1.2022. Contributing to this result mainly comes from net interest income and net fee and commission income of VND 2,737 billion and VND 696 billion, respectively. Net profit from trading of foreign currencies reached nearly VND 151 billion, up 370% compared to Q1.2022 as TPBank made good use of market opportunities. In addition, TPBank has better controlled credit risk from customers, so the provision expenses for credit losses in the first quarter of this year decreased by VND 440 billion (equivalent to a decrease of 58.3%) compared to the same period, thereby increasing profits for the bank

The business situation of some operating segments at TPBank in Q1.2023 is as follows:

1

Units: VND million, %

No.		Items		Q1.2023	Q1.2022	+/-	% +/-
1	Net	interest	and	similar	2,736,874	2,831,379	- 94,505	-3.34%
income
2	Net	fee and	commission	695,739	511,384	184,355	36.05%
income
3	Net gain/(loss) from trading	150,989	32,123	118,866	370.03%
of foreign currencies
4	Provision expenses for credit	314,976	755,265	-440,289	-58.30%
losses
5	Profit before tax		1,765,001	1,623,147	141,854	8.74%
6	Profit after tax			1,413,242	1,299,400	113,842	8.76%

This information was disclosed on TPBank's Portal on April 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