Mr. Nguyen Van Giau, Governor of State Bank of Vietnam, is making a speech at the one-year foundation anniversary of TienPhongBank
After one year of official operation, TienPhongBank has achieved some certain successes. Total possession on May 31, 2009 was 3,615 billion VNDs, pre-tax profit was 133 billion VNDs.
Until the end of May 2009, the total staff number of TienPhongBank was over 300 with 92% having graduate or higher degrees. According to the 2009 business development plan, at the end of this year, the total personnel number of TienPhongBank will be over 400 people.
In terms of technology basis, with the main direction in operation, which is exploiting and applying modern technologies to improve service and risk management quality, save expenses, after less than 3 months of official operation, TienPhongBank had successfully deployed the world-leading core banking software system provided by Iflex, and it was also recognized by Iflex as one of the fastest solution-deploying banks.
On the basis of this core banking system, TienPhongBank could manage online all transactions in the whole system, apply modern technologies in activities of loan-giving, payments, capital transactions, management and provision of information for customers.
After 6 months of operation, TienPhongBank had launched the transaction channel Internet Banking with all security banking transaction features helping customers conveniently transact with the bank and reduce 20% expenses. Also at that occasion, TienPhongBank also introduced its ATM cards with widespread connection with a system of over 3500 ATMs of other banks.
Also at this one-year foundation anniversary, TienPhongBank has officially introduced the transaction channel Mobile Banking with the utilities of transaction, payment and information searching using mobile phones.
Together with the development of the electronic transaction channel through Internet and Mobile, TienPhongBank’s current operation network has been strongly developing in Hanoi and Ho Chi Minh City with 08 transaction locations.
In third quarter of 2009, TienPhongBank will open branches and transaction offices in Hai Phong, Da Nang and Can Tho, increasing the total number of transaction locations up to 18, enhancing its appearance in five biggest cities and provinces in Vietnam.
At the ceremony, Mr. Nguyen Van Giau, Governor of State Bank of Vietnam, said: “I hope that in the forthcoming time, TienPhongBank’s staff will continue to uphold the achieved results, improve professional morality, professional levels, and be always in the leading position like its name – TienPhongBank – in modern banking technology application, keeping its position in competition, better answering the increasing needs of the society in terms of banking products and services, contributing to the social-economic development of the country.”
For more information, please contact:
Duong Thuy Quynh
Communication Officer – PR/Marketing Department
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