Tien Phong CommercialBank : 20/10/2022 - Financial statement for Q3 2022 with explanations
October 20, 2022 at 12:10 pm
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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: 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 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:
1
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
2
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TienphongBank - Tienphong Joint–Stock Commercial Bank published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 11:08:56 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.