Tien Phong CommercialBank : 20/10/2023 - Financial statement Q3.2023 and explanation

THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

No.: 126/2023/TPB.HDQT

Hanoi, October 20, 2023

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: Financial Statements for the 3rd quarter of 2023.

Tien Phong Commercial Joint Stock Bank (TPBank) would like to explain the fluctuations in profit after tax compared to the same period in Financial Statements for the 3rd quarter of 2023 as follows:

Profit after tax in Q3.2023 was VND 1,263 billion, down -26.22% compared to the same period of 2022.

Reason:

In the business situation being unstable and not showing much improvement, along with TPBank implementing many preferential policies on interest rates and service fees to support customers through difficult times, it has led to the Bank's business results not achieving expected results. Profit after tax in Q3.2023 reached 1,263 VND billion, down 449 VND billion (equivalent to 26.22%) compared to Q3.2022.

The largest contribution to the bank's total profit comes from Net interest income of 2,963 VND billion (up 8% YoY) and Net fee and commission income of nearly 666 VND billion. Foreign currencies in Q3.2023 still maintained a slight growth compared to the same period last year and reached a net revenue of 123 VND billion.

Thanks to making good use of market opportunities, TPBank's trading securities in Q3.2023 have brought high efficiency with net revenue reaching nearly 552 VND billion.

The business situation of some operating segments in Q3.2023 is as follows:

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Units: VND million, %

No.		Items		Q3.2023	Q3.2022	+/-	% +/-
1	Net	interest	and	similar	2,962,701	2,740,672	222,029	8.10%
income
2	Net	fee and	commission	665,872	683,797	-17,925	-2.62%
income
3	Net gain/(loss) from trading	123,088	118,468	4,620	3.90%
of foreign currencies
4	Net gain/(loss) from trading	551,598	7,014	544,584	7,764.24%
securities
5	Profit before tax		1,575,657	2,137,715	-562,058	-26.29%
6	Profit after tax			1,262,841	1,711,622	-448,781	-26.22%

This information was disclosed on TPBank's Portal on October 20, 2023 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.

Recipient:

• As above;
• Archived by BOD Office.

Organization representative

Person authorized to disclose information

VICE CHAIRMAN

(Signed and sealed)

Le Quang Tien

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