TPBank sets profit target of 9,000 billion VND in 2025

On the morning of April 24, Tien Phong Commercial Joint Stock Bank ( TPBank - Code: TPB) held the 2025 Annual General Meeting of Shareholders (AGM).

Accordingly, in 2025, TPBank aims to achieve pre-tax profit of VND9,000 billion, an increase of 18.4% compared to 2024. Total assets in 2025 are expected to reach VND450,000 billion, an increase of 7.6%. Capital mobilization is expected to increase by 12.3% to VND420,000 billion. Outstanding loans and bonds of economic organizations will increase by about 20% to VND313,750 billion.

TPBank said that the official credit growth target will be implemented according to the State Bank's announcement for each period.

Mr. Do Minh Phu, Chairman of TPBank Board of Directors.

The Board of Directors also submitted to the General Meeting of Shareholders a plan to pay cash dividends in 2025. Accordingly, TPBank proposed to pay a 10% cash dividend (1 share receives 1,000 VND) from undistributed profits after setting aside funds as of December 31, 2024, according to the bank's audited consolidated financial statements for 2024.

After being approved by the General Meeting of Shareholders, the Board of Directors will decide on the specific implementation time, ensuring compliance with regulations.

In addition to cash, the Board of Directors proposes to issue up to 132 million shares to pay dividends to shareholders at a rate of 5% (shareholders owning 100 shares on the last registration date to exercise their rights will receive 5 new shares).

The source of implementation is taken from undistributed profits after setting aside funds as of December 31, 2024. After the issuance, TPBank's charter capital will increase by a maximum of VND 1,320.9 billion, from VND 26,420 billion to more than VND 27,740 billion.

This will be the third consecutive year that TPBank has paid dividends in both cash and shares. Previously, in 2024, TPBank paid cash dividends to shareholders at a rate of 5%. The total amount the bank spent was more than VND 1,100 billion. The bank also issued 440.3 million new shares to pay dividends to shareholders, increasing its charter capital from VND 22,016 billion to VND 26,420 billion.

According to the Board of Directors' report, in 2025, TPBank will change its organizational structure. At the same time, the bank will streamline human resources at intermediate levels, increase productivity, optimize staffing, increase sales force and reduce indirect personnel through the application of technology and process improvement.

The bank will also continue to prioritize business units and key projects; review units with low productivity, handle weak personnel; strengthen training to improve professional qualifications and discipline; promote the application of technology/digital transformation in training activities; improve labor productivity and the quality of input candidates.

Recently, TPBank announced its business results for the first quarter of 2025 with pre-tax profit reaching more than VND 2,100 billion, equivalent to 26% of the yearly plan, an increase of over 15% over the same period last year.

Chau Anh

Source: https://vtcnews.vn/tpbank-dat-muc-tieu-loi-nhuan-9-000-ty-dong-nam-2025-ar939598.html