AsemconnectVietnam - Viet Capital Commercial Bank (BVBank, UPCoM: BVB) has just announced the documents for its 2025 Extraordinary General Meeting of Shareholders, scheduled to be held on December 26th.

Specifically, at this Extraordinary General Meeting, BVBank will present to shareholders two options to increase its charter capital by a maximum of VND3,504 billion in 2026. Accordingly, BVBank plans to issue 320.41 million shares to existing shareholders at a ratio of 2:1 (shareholders owning 2 shares will receive 1 right, and 2 rights will allow them to purchase 1 new share).
Shareholders are not allowed to transfer the purchase rights. The shares issued in this round are not subject to transfer restrictions. The offering price will not be lower than 10,000 VND/share. With an expected proceeds of VND3,204 billion from the offering, the bank will use the funds to supplement its lending capital. The expected implementation period is in 2026.
In addition, BVBank plans to issue 30 million shares under its employee stock option program (ESOP). The target recipients are employees of the bank and its subsidiaries, as approved by the Board of Directors. The expected proceeds of VND300 billion will be used to supplement lending capital. If both issuances are completed, BVBank expects to increase its charter capital from VND6,408 billion to VND9,912 billion.
Meanwhile, BVBank has not yet completed the two capital increase plans approved by the 2025 Annual General Meeting of Shareholders in April 2025: offering 106.8 million shares to the public and issuing 20 million ESOP shares.
At this extraordinary General Meeting of Shareholders, BVBank also presented amendments to the Bank's charter. The current provision, "The General Director is the legal representative of the Bank," is proposed to be amended to "The legal representative is the General Director or the Chairman of the Board of Directors in cases where the Bank has not yet officially appointed a person to assume the position of General Director." The Board of Directors also presented for consideration and approval the election of members of the Board of Directors and the Supervisory Board for the 2025-2030 term. The Board of Directors will consist of 7 members, including 1 executive member, 4 non-executive members, and 2 independent members. The Supervisory Board will consist of 5 members.
BVBank stated that in the first 10 months of 2025, pre-tax profit reached VND506 billion, achieving 92% of the VND550 billion target set for the whole year. As of October 31, 2025, the Bank's total assets reached VND127,477 billion, a 23% increase compared to the beginning of the year. Customer deposits reached VND94,675 billion (+26%), and outstanding loans reached VND77,592 billion (+14%). BVBank sets business targets for the 2025-2030 term with total assets reaching VND154,000 - 296,000 billion, an 18% increase; outstanding loans in the range of VND92,000 - 179,000 billion, an 18% increase; and charter capital increasing to VND9,500 - 14,000 billion. The average ROE is targeted at 10%, and the non-performing loan ratio is to be kept below 3%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan