Tien Phong Commercial Joint Stock Bank : Audited financial report of 2021 with explanation

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

No.: 13/2022/TPB.HDQT

Hanoi, March 10, 2022

DISCLOSURE OF INFORMATION ON THE STATE SECURITIES

COMMISION'S PORTAL AND THE HOCHIMINH STOCK

EXCHANGE'S PORTAL

To: - The State Securities Commission

• • The Hochiminh Stock Exchange
• Name of organization: Tien Phong Commercial Joint Stock Bank
• Stock code: TPB
• Address: TPBank Building, No. 57, Ly Thuong Kiet Str., Tran Hung Dao Ward, Hoan Kiem District, Hanoi
• Tel: [phone]
• Fax: [phone]
• Submitted by: Mr. Le Quang Tien
  Position: Vice Chairman

Information disclosure type:  Periodic

Irregular

24 hours

On demand

Content of Information disclosure: 2021 Audited Financial Statements.

Tien Phong Commercial Joint Stock Bank (TPBank) would like to explain the fluctuations in profit after tax compared to the same period in 2021 Audited Financial Statements as follows:

TPBank's profit after tax in 2021 is VND 4,829 billion, up 38% compared to 2020.

Reason:

2021 is a difficult year for the economy in general and TPBank in particular due to the complicated and prolonged epidemic situation. However, when the epidemic was brought under control at the end of the third quarter, economic development was more prosperous and TPBank achieved positive profit growth.

TPBank's profit after tax in 2021 reached more than VND 4,829 billion, an increase of more than VND 1.3 trillion (equivalent to 38%) compared to 2020. The main contribution to the Bank's profit results is still interest income and fee and commission income with growth rates of 31% and 65% respectively. In particular, the Bank's investment securities trading have achieved very good results with a profit of more than VND 1.4 trillion dong, up 98% compared to 2020. Income from other operating activities decreased by 65% compared to that of 2020 (equivalent to more than VND 448 billion) because in 2020 TPBank has collected a fee from the insurance monopoly of Sun Life Insurance Company.

The business situation of some operating segments at TPBank in 2021 is as follows:

Units: VND million, %

No.		Items		31.12.2021	31.12.2020	+/-	% +/-
1	Net interest income		9,946,049	7,619,057	2,326,992	31%
2	Net	fee and	commission	1,542,466	937,033	605,433	65%
income
3	Net gain/(loss) from foreign	373,374	408,138	-34,764	-9%
currencies trading
4	Net	gain/(loss)	from	1,409,742	710,680	699,062	98%
investment securities trading
5	Net	gain/(loss)	from	other	245,777	694,281	-448,504	-65%
operating activities
6	Profit before tax			6,038,222	4,388,523	1,649,699	38%
7	Profit after tax			4,829,179	3,510,189	1,318,990	38%

This information was disclosed on TPBank's Portal on March 10, 2022 available at https://tpb.vn/eng/nha-dau-tu/bao-cao-tai-chinh.

I declare that all information provided in this paper is true and accurate; I shall be legally responsible for any mispresentation.

Attachment:	Organization representative
- 2021 Audited Financial Statements	Person authorized to disclose information
Recipient:	VICE CHAIRMAN

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As above;	(Signed and sealed)
Archived by BOD Office.
	Le Quang Tien