-At the recent meeting between the Prime Minister and bank leaders, TPBank Chairman Do Minh Phu said that with the new operating formula of the State Bank, TPBank has proactively calculated based on outstanding debt and determined that the credit limit in 2024 will be about 18%, confident that it will fully utilize the granted limit, of which by the end of the third quarter it can reach over 13%. Sir, what are the main reasons for TPBank to achieve such positive results?

-Currently, the State Bank has also allocated additional credit room to banks, so banks, including TPBank, have been more proactive in using the granted limit. TPBank has prepared enough capital to be able to disburse to meet customer needs. Currently, thanks to its good reputation and abundant market liquidity, TPBank's capital mobilization is quite favorable, including capital mobilized from domestic organizations and individuals as well as capital mobilized from foreign organizations and institutions.

After the FED lowered interest rates, the pressure on exchange rates eased, interest rates of major currencies in the world fell and interest rates in the domestic market also tended to fall, helping to reduce financial pressure on borrowers, facilitating disbursement by banks. In the third quarter, credit demand at banks also increased. People and businesses have a greater need to borrow capital, creating a basis for TPBank to push capital into the market from now until the end of the year.

TPBank General Director Nguyen Hung

I expect that the economy will improve further by the end of this year, and credit will also grow better.

-Currently, the Prime Minister still requests banks to continue to reduce or have appropriate interest rates depending on their circumstances so that businesses and people can borrow capital more easily. For TPBank, will there be any difficulties in implementing this policy when some banks have started to raise deposit interest rates?

- Recently, savings interest rates have tended to increase slightly in many terms, causing the bank's capital cost to increase accordingly. However, determining that the general market context is still difficult, we are still actively offering appropriate loan interest rate support programs so that people and businesses can easily access loans.

Similar to other commercial banks, TPBank also faces pressure to compete on interest rates to attract good customers while having to calculate the balance to ensure business efficiency.

To solve this problem, TPBank has implemented many solutions, including saving operating costs by applying technology to have competitive lending interest rates to ensure benefits and suitability for each customer group, promoting credit growth.

Since the beginning of the year, TPBank has continuously updated new preferential loan interest policies for customers. Specifically, TPBank has adjusted the interest rate for loans to buy real estate, project houses; home repair; and loans to repay other banks down to only 0%/year fixed for the first 3 months, 8.2% fixed for the next 9 months, with a 3-month fixed interest rate loan package.

In addition, the bank is always ready with loan packages with long-term fixed preferential interest rates such as: 6.8%/year fixed for the first 12 months; 7.3%/year fixed for the first 18 months; 7.8%/year fixed for the first 24 months; 8.8%/year fixed for the first 36 months. This interest rate is applied until the end of February of the following year.

In particular, to support individual customers affected by storms and floods caused by Typhoon Yagi, TPBank reduces up to 50% of the current interest payments and maintains this reduced interest rate until January 31, 2025 at the latest. The program applies from now until the end of October, with a limit of up to VND 2,000 billion.

Not only actively reducing interest rates for individual customers, TPBank is also active in the market with large capital funding programs. At the end of August, the bank signed a cooperation agreement to finance the first phase of VND130 billion, ensuring the cost of land fund development for the Le Thanh Tan Kien Social Housing Project invested by Le Thanh Construction - Trading Company Limited.

TPBank promotes loan packages for businesses with green plans and projects with an interest rate of only 0% in the first 3 months, with a total loan package value of up to 5,000 billion VND.

- Could you tell us who is TPBank's main target customer group in the remaining months of 2024?

-With its credit strength in the individual customer segment, TPBank continues to promote credit for industries in priority areas of the government and the State Bank; projects and sectors with public investment capital, especially key state traffic projects and works, rural agricultural infrastructure, commercial infrastructure, cultural and social infrastructure; customers producing essential and fast-moving consumer goods. In particular, seizing the opportunity from the positive recovery of the real estate market, TPBank continuously launches preferential interest rate policies as a basis for achieving the target of increasing the loan portfolio by 18% this year.

TPBank also pays special attention to small and medium-sized enterprises owned by women. Customers in the fields of information technology, telecommunications, green credit programs. The green credit segment has grown steadily, accounting for nearly 3% of the total outstanding credit balance with a series of projects in the fields of renewable energy, water management and projects to improve energy efficiency and reduce greenhouse gas emissions.

-Thank you very much!