Resolution in effect since 22/3/2018, allows for 555 million TPB shares trading on the floor.
Previously on March 19, HoSE urged Tien Phong Bank to complete profile listed after this unit has posted the original profile up last December from last year.
The Bank also announced the day of closing the register listed is on 21/3/2018. Vietnam securities depository Center has stopped receiving ownership transfer record from 20/3/2018.
With this progress, it is likely that TPBank will take stock listed at the beginning of next Q2.
In the first two months of this year,TPBank's pre-tax profit was more than 275 billion, up 90% over the same period of 2017. Earlier, profit in 2017 also increased 70% from 2016 and up to VND 1,200 billion.
TPBank is the smallest bank listed shares on the HoSE up to this point. However, compared to the "senior" on the stock market, TPBank has more advantages, especially in terms of profitability on capital and total assets.
Thanks to well-developed credit and the working in highly profitable segment, low risk and tight control on the quality of the loans, even though outstanding loans are equal to two thirds of HDBank's or Eximbank's profits, net profit of this bank is significantly higher. Non-service activities have also brought considerable profit in recent years.
At present, TPBank has a chartered capital of more than VND5,800 billion, the largest shareholder is FPT with a holding ratio of over 9%. Foreign investors also own nearly 25% of TPBank capital, of which IFC and PYN Elite Fund hold 5% each party.
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