TPBank

TPBank's net profit rose 127% yoy to VND 1,171 bil in 4Q2019

By Helgi Analytics - March 1, 2020

TPBank made a net profit of VND 1,171 bil under revenues of VND 2,951 bil in the fourth quarter of 2019, up 127% and 78.4% ...

TPBank's price/earnings (P/E) fell 55.0% yoy to 3.71 in 4Q2019

By Helgi Analytics - March 1, 2020

TPBank stock traded at VND 21,050 per share at the end fourth quarter of 2019 implying a market capitalization of USD 751 mil. Since th...

TPBank's npls (as % of loans) rose 15.7% yoy to 1.29% in 4Q2019

By Helgi Analytics - March 1, 2020

TPBank's non-performing loans reached 1.29% of total loans at the end of 2019-12-31, up from 1.12% compared to the previous year....

Profit Statement 2017 2018 2019
Net Interest Income VND bil 3,172 4,378 5,633
Net Fee Income VND bil 165 676 1,072
Other Income VND bil 394 771 2,275
Total Revenues VND bil 3,732 5,825 8,980
Staff Cost VND bil 962 1,510 1,936
Operating Profit VND bil 1,784 2,969 5,459
Provisions VND bil 462 522 1,298
Net Profit VND bil 964 1,805 3,094
Balance Sheet 2017 2018 2019
Interbank Loans VND bil 22,590 16,341 21,024
Customer Loans VND bil 62,748 76,295 94,435
Debt Securities VND bil 26,045 26,165 27,116
Total Assets VND bil 124,119 136,179 164,594
Shareholders' Equity VND bil 6,677 10,622 13,075
Interbank Borrowing VND bil 41,895 38,614 49,329
Customer Deposits VND bil 70,299 76,138 92,440
Issued Debt Securities VND bil 3,559 8,592 6,845
Ratios 2017 2018 2019
ROE % 15.6 20.9 26.1
ROA % 0.836 1.39 2.06
Costs (As % Of Assets) % 1.69 2.19 2.34
Costs (As % Of Income) % 52.2 49.0 39.2
Net Interest Margin % 2.75 3.36 3.75
Loans (As % Of Deposits) % 89.3 100 102
NPLs (As % Of Loans) % 1.09 1.12 1.29
Provisions (As % Of NPLs) % 97.9 103 97.8
Valuation 2017 2018 2019
Market Capitalisation (End Of Period) USD mil ... 731 751
Share Price (End Of Period) VND ... 19,950 21,050
Price/Earnings (P/E) ... 9.07 5.62
Price/Book Value (P/BV) ... 1.54 1.33
Dividend Yield % ... 0 ...
Earnings Per Share (EPS) VND 1,340 2,199 3,743
Book Value Per Share VND 9,534 12,988 15,818
Dividend Per Share VND 0 0 ...

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summary Unit 2016 2017 2018 2019
income statement        
Net Interest Income VND bil 2,121 3,172    
Total Revenues VND bil 2,377 3,732    
Operating Profit VND bil 1,038 1,784    
Net Profit VND bil 565 964    
balance sheet        
Interbank Loans VND bil 23,785 22,590    
Customer Loans VND bil 46,234 62,748    
Debt Securities VND bil 30,560 26,045    
Total Assets VND bil 106,311 124,119    
Shareholders' Equity VND bil 5,681 6,677    
Interbank Borrowing VND bil 43,874 41,895    
Customer Deposits VND bil 55,082 70,299    
Issued Debt Securities VND bil 83.4 3,559    
ratios        
ROE % ... 15.6    
ROA % ... 0.836    
Costs (As % Of Assets) % ... 1.69    
Costs (As % Of Income) % 56.3 52.2    
Net Interest Margin % ... 2.75    
Interest Income (As % Of Revenues) % 89.2 85.0    
Fee Income (As % Of Revenues) % 3.62 4.42    
Staff Cost (As % Of Total Cost) % 42.0 49.4    
Equity (As % Of Assets) % 5.34 5.38    
Loans (As % Of Deposits) % 83.9 89.3    
Loans (As % Assets) % 43.5 50.6    
NPLs (As % Of Loans) % 0.710 1.09    
Provisions (As % Of NPLs) % 124 97.9    
valuation        
Market Capitalisation (End Of Period) USD mil ... ...    
Number Of Shares (Average) mil 710 700    
Share Price (End Of Period) VND ... ...    
Earnings Per Share (EPS) VND 784 1,340    
Book Value Per Share VND 8,000 9,534    
Dividend Per Share VND 0 0   ...
Price/Earnings (P/E) ... ...    
Price/Book Value (P/BV) ... ...    
Dividend Yield % ... ...   ...
Earnings Per Share Growth % ... 71.0    
Book Value Per Share Growth % ... 19.2    
income statement Unit 2016 2017 2018 2019
income statement        
Interest Income VND bil 5,174 7,325    
Interest Cost VND bil 3,053 4,152    
Net Interest Income VND bil 2,121 3,172    
Net Fee Income VND bil 86.1 165    
Other Income VND bil 170 394    
Total Revenues VND bil 2,377 3,732    
Staff Cost VND bil 563 962    
Depreciation VND bil 30.2 43.2    
Other Cost VND bil 745 943    
Operating Cost VND bil 1,338 1,948    
Operating Profit VND bil 1,038 1,784    
Provisions VND bil 272 462    
Extra and Other Cost VND bil 60.2 116    
Pre-Tax Profit VND bil 707 1,206    
Tax VND bil 141 242    
Minorities VND bil 0 0    
Net Profit VND bil 565 964    
Dividends VND bil 0 0   ...
growth rates        
Net Interest Income Growth % ... 49.6    
Net Fee Income Growth % ... 91.7    
Total Revenue Growth % ... 57.0    
Operating Cost Growth % ... 45.5    
Operating Profit Growth % ... 71.8    
Pre-Tax Profit Growth % ... 70.6    
Net Profit Growth % ... 70.5    
market share        
Market Share in Revenues % 0.996 ... ... ...
Market Share in Net Profit % 1.37 ... ... ...
balance sheet Unit 2016 2017 2018 2019
balance sheet        
Cash VND bil 2,177 3,541    
Interbank Loans VND bil 23,785 22,590    
Customer Loans VND bil 46,234 62,748    
Retail Loans VND bil 20,530 ... ... ...
Corporate Loans VND bil 25,271 ... ... ...
Debt Securities VND bil 30,560 26,045    
Fixed Assets VND bil 100 175    
Intangible Assets VND bil 44.0 75.9    
Goodwill VND bil 0 0   ...
Total Assets VND bil 106,311 124,119    
Shareholders' Equity VND bil 5,681 6,677    
Of Which Minority Interest VND bil 0 0    
Liabilities VND bil 100,630 117,442    
Interbank Borrowing VND bil 43,874 41,895    
Customer Deposits VND bil 55,082 70,299    
Sight Deposits VND bil 7,461 11,410    
Term Deposits VND bil 47,380 58,468    
Issued Debt Securities VND bil 83.4 3,559    
Other Liabilities VND bil 1,590 1,690    
asset quality        
Non-Performing Loans VND bil 331 689    
Gross Loans VND bil 46,643 63,423    
Total Provisions VND bil 409 675    
growth rates        
Customer Loan Growth % ... 35.7    
Total Asset Growth % ... 16.8    
Shareholders' Equity Growth % ... 17.5    
Customer Deposit Growth % ... 27.6    
market share        
Market Share in Customer Loans % 0.956 1.08 ... ...
Market Share in Corporate Loans % 0.522 ... ... ...
Market Share in Total Assets % 1.31 1.28 ... ...
Market Share in Customer Deposits % 0.927 1.03 ... ...
ratios Unit 2016 2017 2018 2019
ratios        
ROE % ... 15.6    
ROA % ... 0.836    
Costs (As % Of Assets) % ... 1.69    
Costs (As % Of Income) % 56.3 52.2    
Net Interest Margin % ... 2.75    
Interest Spread % ... 2.55    
Asset Yield % ... 6.36    
Cost Of Liabilities % ... 3.81    
Payout Ratio % 0 0   ...
Interest Income (As % Of Revenues) % 89.2 85.0    
Fee Income (As % Of Revenues) % 3.62 4.42    
Other Income (As % Of Revenues) % 7.15 10.6    
Cost Per Employee USD per month 541 738   ...
Cost Per Employee (Local Currency) VND per month 11,910,800 16,527,900   ...
Staff Cost (As % Of Total Cost) % 42.0 49.4    
Equity (As % Of Assets) % 5.34 5.38    
Loans (As % Of Deposits) % 83.9 89.3    
Loans (As % Assets) % 43.5 50.6    
NPLs (As % Of Loans) % 0.710 1.09    
Provisions (As % Of NPLs) % 124 97.9    
Provisions (As % Of Loans) % 0.885 1.08    
Cost of Provisions (As % Of Loans) % ... 0.849    
other data Unit 2016 2017 2018 2019
other data        
Employees 3,937 4,848   ...
Sight (As % Of Customer Deposits) % 13.5 16.2    
Return on Loans % ... 1.77    
Operating Profit (As % of Loans) % ... 3.27    
Costs (As % Of Loans) % ... 3.57    
Equity (As % Of Loans) % 12.3 10.6    

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TPBank's net interest margin fell 1.51% yoy to 3.78% in 4Q2019

By Helgi Analytics - March 1, 2020

TPBank's net interest margin amounted to 3.78% in the fourth quarter of 2019, down from 3.85% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 3.94% in 2Q2019 and an all time low of 3.04% in...

TPBank's market capitalisation (end of period) rose 2.70% yoy to USD 751 mil in 4Q2019

By Helgi Analytics - March 1, 2020

TPBank stock traded at VND 21,050 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 751 mil. Over the last five years, the stock has appreciated by 0 implying an annual average growth of 0% In absolute terms, the value...

TPBank's net interest income rose 19.2% yoy to VND 1,503 bil in 4Q2019

By Helgi Analytics - March 1, 2020

TPBank generated total banking revenues of VND 2,951 bil in the fourth quarter of 2019, up 78.4% when compared to the same period of last year and 42.9% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee a...

TPBank's customer loan growth rose 10.1% yoy to 23.8% in 4Q2019

By Helgi Analytics - March 1, 2020

TPBank's customer loan growth reached 23.8% in 2019-12-31, up from 21.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 29.9% in 2018-09-30 and an all time low of 20.5% in 2019-06-30. In the last decade, t...

TPBank's equity (as % of assets) rose 1.84% yoy to 7.94% in 4Q2019

By Helgi Analytics - March 1, 2020

TPBank's Equity reached 7.94% of total assets in the 4Q2019, up from 7.80% for the previous year. As a share of net customer loans, the ratio amounted to 13.8% at the end of the fourth quarter of 2019. ...

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