TPBank eyes 36-percent hike in profits

By An Nhien   April 18, 2022 | 06:13 pm PT
TPBank eyes 36-percent hike in profits
TPBank's headquarters in Hanoi. Photo courtesy of the company
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.

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