TPBank is due to pay a cash dividend at a rate of 25 per cent instead of a stock dividend like in previous years. This means that shareholders will receive VND 2,500 (US$0.11) per owned share.
TPBank achieved profit of nearly VND3.8 trillion (US$162.5 million) in the first six months of the year, increasing 26 per cent from the same period last year.
The State Bank of Việt Nam (SBV) has approved the charter capital increase of TPBank from the current VNĐ8.5 trillion (US$366.5 million) to VNĐ10.7 trillion as well as expanding their network with four new branches and two transaction offices in...
TPBank has become the first bank in Viet Nam to allow all domestic cardholders to make payment and withdrawal transactions in South Korea in addition to international debit cards or credit cards.
Tien Phong Joint Stock Commercial Bank is targeting pre-tax profit growth of 5 per cent on-year to VND4.07 trillion (US$174.2 million) in 2020, lower than previously forecast, on worries that the economy is suffering from the global COVID-19 pandemic.