The board of directors at the Tien Phong Joint Stock Commercial Bank (TP Bank, Stock code TPB) has approved an increase to the bank’s charter capital this year of 2.15 trillion VND, bringing it to 10.71 trillion VND (461.1 million USD) from 8.56 trillion VND.
For the first time, US ratings agency Moody's Investor Service assigned B2 long-term local and foreign currency deposit and issuer ratings to Tien Phong Commercial Joint Stock Bank (TP Bank).
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