According to information from Tien Phong Commercial Joint Stock Bank (TPBank), closing the first nine banks, TPBank has completed 75 percent of its pre-tax profit plan, equivalent to about 2.4 trillion dong, exceeding the profit achieved in 2018.
“Credit is on the rise, but the bad debt ratio is still under control at 1.5%. The total mobilisation reached nearly 135 trillion dong, completing 95 percent of the plan. Total assets were nearly 150 trillion dong,” said a bank’s representative.
In 2019, TPBank targets a pre-tax profit of 3.2 trillion dong, total assets of 156 trillion dong, and charter capital of 10 trillion dong.
The bank also aims to achieve mobilisation of over 142 trillion dong, outstanding credit of over 101 trillion dong and controls bad debt ratio below two percent.
TPBank’s after-tax profit in the first eight months of 2019 was more than 1.727 trillion dong. Meanwhile, the bank’s outstanding loans reached 90.850 trillion dong and customer deposits and issuance of valuable papers reached 95.082 trillion dong. The bad debt ratio was still kept below two percent.
