AsemconnectVietnam - On April 24, the Joint Stock Commercial Bank for Industry and Trade of Vietnam (BVBank, code BVB) successfully held the 2025 Annual General Meeting of Shareholders (AGM) with many important contents submitted and approved.

In 2024, the Bank recorded total assets of more than VND103,500 billion, an increase of 18%. Outstanding loans to customers reached more than VND68,000 billion, an increase of about 18% compared to 2023. Total mobilization scale reached VND95,400 billion, an increase of 19% compared to the previous year, of which customer deposits reached VND75,000 billion, an increase of 12%. The total number of customers increased by nearly 30% compared to the beginning of 2024, reaching more than 2.3 million customers. Pre-tax profit recorded at VND390 billion. The ratio of bad debt/total debt as prescribed in Circular No. 31/2024/TT-NHNN is 2.69%.
Strategic orientation 2025, BVBank continues to adhere to the goal of becoming a multi-functional, modern retail bank, targeting individual customers and small and medium-sized enterprises, while accelerating the digital transformation roadmap.
It is forecasted that the economy will still face many challenges in 2025, therefore, seizing business opportunities and improving competitiveness will be dual factors for BVB to complete its strategic goals, specifically: growth in scale, growth in customer base, mobilization and lending continue to shift to retail customers, promoting digital transformation activities and information technology capacity.
At the congress, BVBank proposed a business plan with pre-tax profit reaching VND550 billion, up 41% compared to 2024. In addition, BVBank set a target of total assets reaching VND122 trillion, up 18%; loans reaching VND80,500 billion, up 18%; mobilization from customer deposits reaching VND91,400 billion, up 22%. The bad debt ratio continues to be controlled below 3%.
BVBank's Board of Directors shared that although the general business environment in the first quarter of 2025 had many challenges, BVBank has effectively controlled its operations, completing 15% of the profit plan thanks to boosting credit from the beginning of the year and controlling costs. Profit in the first quarter of 2025 is expected to reach VND80 billion, up 16% over the same period.
With the goal of improving financial capacity, increasing operating capital scale and competitiveness in the market, BVBank submitted to the congress a plan to increase charter capital and it was approved. Accordingly, the Bank's charter capital is expected to increase by nearly VND1,300 billion by 2025, through issuing shares to the public at a ratio of 6:1 and issuing shares to employees (ESOP). The total charter capital after the increase is VND7,676 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan