HCMC – Tien Phong Commercial Joint Stock Bank (TPB) reported pre-tax profit of more than VND4.1 trillion in the first half of the year, increasing 12% over the same period last year.
The bank’s total assets reached nearly VND428.6 trillion at the end of June, up 18% year-on-year and achieving 95% of its full-year target.
Outstanding loans grew over 31% to almost VND293.5 trillion, accounting for 93% of the annual plan. Credit expansion focused on retail, real estate, and consumer finance sectors.
Total deposits rose 19% to nearly VND377.5 trillion. The ratio of current and savings accounts (CASA) increased to about 23%, reflecting the bank’s digital banking efforts.
Operating income for the first half exceeded VND9.1 trillion, with fee income contributing around 21% or VND1.9 trillion, a 14% year-on-year rise.
The loan-to-deposit ratio was 77%. The capital adequacy ratio remained above 12%, surpassing the regulatory minimum. Non-performing loans were maintained well below the limit set by the State Bank of Vietnam.
Closing the trading session today, July 18, TPB shares edged up 1.34% to VND15,100, with nearly 26.9 million shares changing hands on the Hochiminh Stock Exchange (HOSE).
The HOSE’s benchmark index rose on Friday, supported by strong gains in mid- and small-cap shares, while large-cap banking and energy stocks also provided upward momentum.
The VN-Index closed up 0.49%, or 7.27 points, to end at 1,497.28 points, with 171 winners and 147 losers. Trading volume reached over 1.49 billion shares worth VND35.92 trillion, both slightly higher than the previous session. Block deals accounted for 31.8 million shares valued at more than VND1 trillion.
The VN30-Index, which tracks the 30 largest-cap stocks, rose 9.21 points to 1,643.9, with 19 advancers and 11 decliners.
STB jumped 5.2%, MSN gained 3.8%, and TCB added 3.1%. These stocks, along with VHM, contributed nearly six points to the main index. VIC was the biggest drag, pulling the VN-Index down by 2.6 points.
Mid- and small-cap stocks saw strong demand. VIX closed at the ceiling price of VND18,850 with over 65 million shares matched. HAG also hit its ceiling, trading more than 37 million shares.
Real estate stocks performed well, with many tickers closing at their daily upper limits. Among them is HQC, which posted a strong trading volume of over 33 million shares. NVL rose 3.4% on 48.2 million shares. CII climbed 2.5%, LDG jumped 4.4%, and DIG increased 1.2%.
Energy stocks advanced, with PVD up 2.2% and BSR up 1.9%. Other stocks in this sector posted smaller gains.
On the Hanoi Stock Exchange, the HNX-Index rose 1.68 points, or 0.68%, to 247.77 points, with 86 stocks advancing and 98 others dipping. Trading volume reached 178.7 million shares worth VND3.31 trillion.
