TPBank Targets 10.3T VND Profit in 2026, Plans 20% Dividend Payout

Overview

TPBank (TPB) held its 2026 Annual General Meeting on April 24, 2026, approving a business plan targeting pre-tax profit of 10,300 billion VND (up 12% YoY) and a 20% dividend payout. The bank also aims to raise charter capital to nearly 33,000 billion VND through a stock dividend issuance. The plan reflects continued growth momentum after 2025 results surpassed targets.

Key Facts

• 2026 pre-tax profit target: 10,300 billion VND (consolidated), up 12% from 2025.
• Total assets target: 600,000 billion VND, up 19% from 2025.
• Customer deposits and valuable papers target: 391,000 billion VND, up 16%.
• Loans and debt securities target: 360,000 billion VND, up 15%.
• Non-performing loan (NPL) ratio target: below 2.5%.
• 2026 dividend plan: 20% total, comprising 5% cash and 15% stock dividend.
• Charter capital to increase from 27,740 billion VND to up to 32,901 billion VND via stock dividend issuance of up to 4,161 billion VND.
• 2025 actual pre-tax profit: 9,231 billion VND, up 21.5% and exceeding the AGM target.

What Happened

At the 2026 Annual General Meeting held on April 24, TPBank management presented a cautious yet growth-oriented plan for 2026. The bank targets consolidated pre-tax profit of 10,300 billion VND, a 12% increase from 2025, with total assets reaching 600,000 billion VND. The board proposed a flexible mechanism to adjust targets if market conditions change, citing global economic and political risks.

For 2025, TPBank reported strong results, with total assets of nearly 506 trillion VND (up 21%), total deposits exceeding 450 trillion VND, and pre-tax profit of 9,231 billion VND (up 21.5%), all exceeding AGM targets. The bank also completed a 10% cash dividend and increased charter capital to over 27,740 billion VND via a stock dividend.

Market Context

TPB shares closed at 16,000 VND on April 15, 2026, with trading volume of 6.6 million shares. The stock has been relatively flat, reflecting the broader banking sector’s cautious sentiment amid global uncertainties. TPBank’s 2026 targets, while showing continued growth, are more moderate than the 21.5% profit growth achieved in 2025, suggesting a focus on stability and risk control. The bank’s NPL target of under 2.5% indicates a conservative credit risk stance.

Strategic Significance

TPBank’s 2026 plan emphasizes steady growth and capital strengthening. The 20% dividend payout (5% cash, 15% stock) rewards shareholders while retaining capital for expansion. The charter capital increase to nearly 33,000 billion VND supports the bank’s target of 600,000 billion VND in total assets, positioning it for further market share gains in the competitive Vietnamese banking sector. The flexible target adjustment mechanism reflects management’s prudence in a volatile macro environment.

What to Watch

• Q1 2026 earnings release to gauge early progress toward the 10,300 billion VND profit target.
• Actual NPL ratio trends, especially given the target of under 2.5%.
• Execution of the stock dividend issuance and charter capital increase timeline.
• Any adjustments to targets in response to macroeconomic or regulatory changes.
• Competitor banks’ dividend and growth plans for sector comparison.