Tien Phong Bank Overview and Financial Information

Tien Phong Bank is a Vietnamese commercial bank that has been in operation since 1993. It was established by the Vietnam Bank for Industry and Trade and has since grown to become one of the largest banks in Vietnam.

Tien Phong Bank's headquarters is located in Hanoi, Vietnam's capital city. The bank has a significant presence in the country, with a network of over 200 branches and more than 1,000 ATMs.

Tien Phong Bank offers a wide range of financial products and services, including savings accounts, loans, credit cards, and foreign exchange services. Its services cater to both individual and corporate customers.

The bank's financial information is publicly available, showing a steady growth in assets and revenue over the years.

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Tien Phong Bank was founded on May 5, 2008.

The bank's charter capital increased significantly in August 2010 to VND 2,000 billion.

In December 2013, TPBank launched its official branding.

The bank moved to a new headquarters at 57 Lý Thường Kiệt, Hoàn Kiếm, Hanoi in December 2014.

TPBank introduced the TPBank World MasterCard credit card in August 2016.

Their first automated transaction point system was launched in February 2017.

TPBank launched the QuickPay QR payment application in October 2017.

The bank successfully listed 555 million shares on the Ho Chi Minh City Stock Exchange in April 2018.

By March 2019, TPBank's charter capital reached VND 8,566 billion.

In December 2020, the bank listed an additional 215,082,516 shares.

TPBank's charter capital increased to over VND 15,817 billion in December 2021.

In April 2022, TPBank launched a brand-new digital banking platform for businesses, TPBank Biz.

Tien Phong Bank has a wide network of branches, with over 100 locations across Vietnam. This extensive network allows customers to easily access banking services.

The bank offers a variety of accounts, including savings accounts, current accounts, and foreign currency accounts. These accounts cater to different customer needs.

Tien Phong Bank provides online banking services, allowing customers to manage their accounts and conduct transactions remotely. This convenient service is available 24/7.

The bank's ATM network is also extensive, with over 1,000 ATMs located throughout Vietnam. This makes it easy for customers to withdraw cash or check their account balances.

Tien Phong Bank has implemented various security measures to protect customer information and prevent fraud. These measures include two-factor authentication and encryption.

Tien Phong Bank was established in 2008, marking the beginning of its journey in the banking industry.

The bank listed on the Ho Chi Minh Stock Exchange (HOSE) in 2018, providing a significant milestone in its growth.

Tien Phong Bank has a network covering 34 provinces and cities, with 58 branches and 74 transaction offices.

The bank's 24/7 LiveBank automatic banking system is a symbol of its digital transformation, providing 436 transaction points at all times for customers.

Explore further: What Is Transaction Banking

Tien Phong Bank's strong strategic shareholders include DOJI Jewelry Group, FPT Technology Group, and Reinsurance Corporation Vietnam (Vinare), among others.

The bank's chartered capital has seen significant increases over the years, with a current value of 26,419,620,100,000.

In 2009, the bank increased its charter capital to VND 1,250 billion.

On April 4, 2019, the bank further increased its charter capital to VND 8,565,892,060,000.

Tien Phong Bank has a significant presence in the finance and insurance sector, with a chartered capital of 26,419,620,100,000.

The bank has undergone several increases in its charter capital, with the most recent being on April 4, 2019, when it increased to VND 8,565,892,060,000.

In terms of dividend payments, Tien Phong Bank has a history of paying dividends to its shareholders. For example, in 2024, the bank paid a dividend of 20.00% to its shareholders on September 23rd.

Here's a summary of the bank's dividend payments:

As I dug into the trading history of Tien Phong Commercial Joint Stock Bank, I was struck by the fluctuations in their stock prices over the past few years.

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In February 2025, the bank's stock price closed at 16,700 on the 28th, after a 1.18% decrease from the previous day. This was a significant drop from the 16,900 close on the 27th, which saw a mere 0.29% decrease.

One notable trend I observed is the bank's stock price stability, with only one day showing a 0.00% change on February 26th. On the other hand, the stock price dropped by 0.59% on February 25th, closing at 16,950.

The trading volume also varied significantly, with a high of 20,436,100 on February 28th and a low of 12,927,200 on February 26th.

Here's a summary of the trading history for February 2025:

Foreign buying and selling activity also played a significant role, with foreign investors buying and selling a substantial amount of shares.

Stock Issues can be a complex topic, but let's break it down.

Dividend payments are a way for companies to share their profits with shareholders. In the case of TPBank, they have paid dividends in cash with a 5.00% rate for 2024, with a record date of June 20, 2024.

Bonus share issues can also be a way for companies to reward their shareholders. TPBank has issued bonus shares with a 39.19% rate on June 9, 2023.

Additional issues can also be a way for companies to raise capital. TPBank has made no additional issues according to the provided information.

Here's a summary of TPBank's stock issues:

It's worth noting that dividend payments can have a record date, which is the date by which shareholders must own the stock to receive the dividend. For example, TPBank's 5.00% dividend payment for 2024 had a record date of June 20, 2024.

Tien Phong Bank was established on May 5, 2008, with a solid foundation of experienced investors and financial backing from reputable organizations.

The bank has made significant strides in its over 13-year history, achieving impressive growth and earning recognition as a trusted financial institution.

With a total asset value exceeding 206 trillion VND, Tien Phong Bank has established itself as one of Vietnam's leading commercial banks.

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Commercial banks play a vital role in the economy, and understanding their functions is essential for making informed financial decisions.

Commercial banks are financial institutions that accept deposits from the public and use these funds to make loans and investments. They offer a range of services, including checking and savings accounts, loans, credit cards, and investment products.

Commercial banks are regulated by government agencies to ensure their stability and soundness. This regulation helps maintain public confidence in the banking system.

In the United States, commercial banks are supervised by the Federal Reserve System and the Office of the Comptroller of the Currency. These agencies oversee bank operations, enforce banking laws, and ensure compliance with regulatory requirements.

Commercial banks generate revenue primarily through interest income earned on loans and investments. They also earn fees from services such as account maintenance, loan processing, and investment management.

For more insights, see: Commercial Banks vs Investment Banks

TPBank was founded on May 5, 2008, with a strong team of experienced investors.

The bank's initial capital was limited, but it has since grown rapidly with impressive business achievements.

TPBank has received numerous awards and recognitions from both domestic and international organizations.

With over 13 years of operation, the bank's total assets have exceeded 206 trillion VND.

TPBank has become one of the leading commercial banks in Vietnam, serving a young and dynamic customer base.

The bank has invested heavily in modern technology and management expertise to become a leader in digital banking.

Its innovative products and services have made it the first bank in Vietnam to have a diverse and advanced digital ecosystem.

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