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Banking & Finance

TPBank shows first quarter results

Released at: 14:06, 12/04/2015

TPBank shows first quarter results

The bank is the first in Vietnam to release its figures for the opening of 2015.

by Hung Nguyen

In the first three months of 2015, the bank had cumulative profit of VND134 billion ($6.2 million), accounting for 103 per cent of its plans and an increase of 12 per cent compared to the same period of last year.

Capital mobilization increased nearly 11 per cent over the end of 2014 and was 64 per cent higher than the same period last year. Credit provided in the first quarter increased nearly 5 per cent, 61 per cent higher than its 2014 equivalent.

Non-performing loans decreased to 0.99 per cent.

TPBank has also announced that it will conclude its list of shareholders as of April 10 in order to organize its 2015 annual general meeting, the date of which remains unannounced.

It is the first bank in Vietnam to release its first quarter business results. However, the figures have not yet been published on its website.

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