06:56 (GMT +7) - Sunday 04/12/2016

Banking & Finance

TPBank releases 2016 targets

Released at: 16:01, 14/04/2016

TPBank releases 2016 targets

Documents for upcoming AGM outline goals for major indicators this year.

by Hung Nguyen

TPBank has released documents for its annual general meeting containing details of objectives set for 2016.

Total assets are to increase by 20 per cent to VND91.56 trillion ($4.1 billion), while charter capital will rise to VND5.84 trillion ($261.63 million), an increase of 5.26 per cent against 2015.

Total mobilized capital has been set at VND84.59 trillion ($3.78 billion); 23 per cent higher than last year.

Customer deposits are to reach VND63.87 trillion ($2.68 billion), an increase of 62 per cent, while credit will stand at VND41.6 trillion ($1.86 billion), or 47 per cent higher.

Non-performing loans will be managed at less than 2 per cent, against 0.66 per cent in 2015.

Pre-tax profit is targeted at VND695 billion ($31.13 million), or 11 per cent higher.

Its capital adequacy ratio (CAR) will be higher than 9.5 per cent with a return on equity (ROE) ratio of 13.3 per cent.

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