An Binh Commercial Joint Stock Bank (ABBANK) announced the establishment of the ESG Sustainable Development Strategy Committee with the leading role of Mr. Vu Van Tien, Vice Chairman of the Board of Directors (BOD).
In November 2024, ABBANK signed with ADB and ERM to implement the "Environmental and Social Management System" (ESMS) project, specifically for Trade Finance operations.
ABBANK officially established the ESG Sustainable Development Strategy Committee with the goal and role of guiding the development, implementation and monitoring of ABBANK's sustainable development strategy; activities; programs and initiatives related to the environment, society and governance (Environmental, Social, & Governance - ESG), ensuring compliance with the Bank's sustainable development strategy. Mr. Vu Van Tien will cease to participate in the Board of Directors at the upcoming 2025 Annual General Meeting of Shareholders and focus on leading and directing this important strategic committee.
As part of its effective and sustainable development strategy, ABBANK is focusing on enhancing competitiveness through a strategy of enhancing flexible and effective financial solutions based on customer understanding and comprehensive digitalization of the Bank.
Previously, in November 2024, ABBANK signed with the Asian Development Bank (ADB) and ERM Vietnam Company Limited (ERM) to implement the "Environmental and Social Management System" (ESMS) project, dedicated to Trade Finance. The project is one of the first important steps of ABBANK in implementing ESG, promoting green finance, sustainable development, and enhancing the role of social responsibility of ABBANK and corporate customers.
Many products and services for individual customers and SME customers were improved and launched by ABBANK in 2024. In particular, the launch of the digital banking platform for businesses ABBANK Business contributed to the number of digital transactions of corporate customers at ABBANK in the third quarter of 2024 increasing by an impressive 248% compared to the second quarter of 2024 and increasing by 145% compared to the same period in 2023.
On January 15, 2025, Mr. Vu Van Tien - Vice Chairman of the Board of Directors and Mr. Tran Ba Vinh - Independent Member of the Board of Directors of ABBANK submitted a resignation letter from the position of Member of the Board of Directors of ABBANK. In addition, Maybank - a foreign shareholder of ABBANK also had a plan in advance to replace the representative of 50% of Maybank's capital contribution to join the Board of Directors of ABBANK and nominate a replacement for Mr. Dato' John Chong Eng Chuan. The resignation and termination of the Board of Directors membership of the above personnel will take effect from the time the upcoming 2025 Annual General Meeting of Shareholders of ABBANK approves the dismissal and elects a new replacement member of the Board of Directors.
Source: An Binh Commercial Joint Stock Bank (ABBANK)
Source: https://phunuvietnam.vn/abbank-thanh-lap-uy-ban-chien-luoc-phat-trien-ben-vung-esg-voi-vai-tro-dan-dat-cua-ong-vu-van-tien-20250117173420875.htm
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