TPBank eyes 36-percent hike in profits
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Private lender TPBank expects its pre-tax profits to top VND8.2 trillion ($358 million) this year, up 36 percent from 2021.
It also targets a 20 percent increase in assets to VND350 trillion.
The bank plans a rights issue of 527 million shares this year to raise VND5.3 trillion and increase its charter capital to VND21 trillion.
VnDirect Securities has forecast 25 percent growth for TPBank this year, higher than the 20 percent expected for the sector.
BaoViet Securities has forecast its compounded annual growth rate to top 31.4 percent in 2020-22 and return on average equity (ROAE) in the period of 24.8 percent.
Questions & Answers
Q.What pre-tax profit increase is TPBank anticipating for the current year?
What pre-tax profit increase is TPBank anticipating for the current year?
TPBank is expecting its pre-tax profits to rise by 36 percent this year. This would bring their total pre-tax profits to VND8.2 trillion, or $358 million, for the year.
Q.How does TPBank intend to increase its charter capital?
How does TPBank intend to increase its charter capital?
The bank plans to raise VND5.3 trillion this year through a rights issue of 527 million shares. This initiative is designed to increase its charter capital to VND21 trillion.
Q.How does VnDirect Securities' growth forecast for TPBank compare to the sector average?
How does VnDirect Securities' growth forecast for TPBank compare to the sector average?
VnDirect Securities has predicted 25 percent growth for TPBank this year. This is higher than the 20 percent growth forecast that the firm has for the banking sector as a whole.
Q.What is TPBank's target for asset growth this year?
What is TPBank's target for asset growth this year?
TPBank is aiming for a 20 percent increase in its assets during the current year. This target would see the bank's total assets reach VND350 trillion.
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