AsemconnectVietnam - Vietnam International Commercial Joint Stock Bank (VIB - HOSE) has just approved the documents for the 2025 Annual General Meeting of Shareholders (AGM), scheduled to be held on the morning of March 27.

Accordingly, the Bank plans to achieve pre-tax profit of VND11,020 billion in 2025, up 22% compared to the results achieved in 2024; the bad debt ratio is expected to be below 3%.
By the end of 2024, VIB recorded a total outstanding credit balance of VND324,611 billion, up 22% compared to the previous year and completing 101% of the plan; capital mobilization reached VND299,571 billion, up 15% and completing 95% of the target; pre-tax profit reached VND9,004 billion, down 16% and completing 75% of the plan.
At the General Meeting, the Bank will seek opinions to approve the plan to set up funds and distribute profits in 2024, including the plan to pay a maximum cash dividend of 7% and authorize the Board of Directors to decide on the implementation of tasks related to dividend payment.
At the same time, VIB will approve the plan to increase charter capital in 2025 from more than VND29,791 billion to more than VND34,040 billion. Accordingly, the Bank will issue shares to increase equity capital from equity to existing shareholders at a maximum rate of 14% of charter capital and issue bonus shares to employees at a maximum rate of 0.26% of charter capital.
In addition, at the Congress, the Bank will also approve reports on remuneration, bonuses, other benefits and the use of the 2024 operating budget as well as the 2025 plan of the Board of Directors and the Supervisory Board; propose the selection of an independent auditing organization...
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Source: VITIC/Tinnhanhchungkhoan