TPBank approved to increase charter capital by over 4,161 billion VND

The State Bank of Vietnam has approved a plan for Tien Phong Commercial Joint Stock Bank (TPBank) to increase its charter capital by more than 4,161 billion VND.

The capital increase will be executed through the issuance of 416.1 million new shares to pay dividends to existing shareholders, representing a 15% rights ratio. The funds for this issuance will be drawn from the bank's undistributed accumulated profits as reported in the 2025 audited financial statements.

Upon completion of the plan, which is expected to take place in 2026, TPBank's charter capital is projected to rise from 27,740 billion VND to 31,901 billion VND. The State Bank of Vietnam has instructed the bank to ensure compliance with legal regulations regarding shareholder ownership limits and related party holdings under the 2024 Law on Credit Institutions.