BAC A BANK increases charter capital to 12,350 billion VND - Success comes from a solid foundation

The congress was successfully held in Nghe An on April 19, 2025, with the participation of shareholders, representatives of the State Bank; Board of Directors, Board of Supervisors, Board of Management and representatives of BAC A BANK staff.

BAC A BANK's 2025 Annual General Meeting of Shareholders was successfully held. Photo: BAB

Towards a multi-functional and modern banking model

In 2024, Bac A Commercial Joint Stock Bank (BAC A BANK) will continue its stable, safe and sustainable growth momentum, completing the basic business plan targets. Of which: Total assets will reach VND 165,608 billion, Charter capital will be VND 8,959 billion, up 7.5%; Capital mobilization from market I will reach VND 127,644 billion, up 5.7%; Total credit will reach VND 112,219 billion, up 9.3%. Pre-tax profit will reach VND 1,245 billion. Bad debt ratio of 1.24% will meet the set plan.

By the end of the year, the limits and safety ratios of operations as prescribed by the State Bank were properly implemented by BAC A BANK and there was still a margin to ensure business operations. The CAR ratio improved positively at 11.10% compared to the minimum regulation of 8%.

Aiming at a multi-functional and modern banking model, Bac A Commercial Joint Stock Bank has made efforts to perfect its modern product and service system such as: fundamentally upgrading Mobile Banking version 2.0; effectively operating a system of 8 Kiosk Bank transaction points with many new practical features added.

In 2024, BAC A BANK will issue 02 bonds to the public with a total offering value of 3,500 billion VND. With capital added to Tier 2 capital through bond issuances, BAC A BANK continues to affirm its stable financial health, timely supply of capital to the economy, ensuring safety ratios in operations and growth targets approved by the State Bank of Vietnam. In fact, through each issuance, BAC A BANK bonds have always been trusted and chosen by investors thanks to their high liquidity and ease of trading. The Bank also fully performs its obligations to pay periodic bond interest and buy back bonds before maturity as committed.

Shareholders are interested in the bank's development orientation in the context of market fluctuations. Photo: BAB

The highlight in 2024 is the remarkable growth rate in the number of newly opened credit cards thanks to many special incentives. The Digital Banking project has selected partners, infrastructure and agreed on product/service strategies for each phase, expected to be completed soon and put into operation in the following years.

In investment consulting activities, BAC A BANK continues to demonstrate its strengths with projects with TH Group in the fields of high-tech agriculture, clean food, education as well as projects in Russia and Australia. BAC A BANK has accompanied TH Group for many years, contributing to creating an ecosystem of green, clean and sustainable product lines, towards the development of a green economy, a circular economy.

BAC A BANK's General Meeting of Shareholders approved the plan to increase charter capital to VND12,350 billion. Photo: BAB

Careful, transparent and efficient

At the 2025 General Meeting of Shareholders held on April 19, 2025, the Board of Directors of BAC A BANK presented to shareholders and approved the plan to increase charter capital to VND 12,350 billion in 2 forms: through the issuance of common shares to pay dividends to existing shareholders and offering additional shares to the public to existing shareholders. The meeting also agreed on the 2024 stock dividend rate of 7.20%, the source of implementation is taken from the remaining after-tax profit of BAC A BANK in 2024, after setting aside funds.

Based on the business plan developed at the beginning of the year, the Board of Directors determined that BAC A BANK's business strategy for 2025 is proactive, flexible, ensuring compliance with all indicators, capital adequacy ratios, operational safety, closely following the direction of the State Bank and forecasting the business environment.

Accordingly, the growth indicators compared to 2024 are expected to be as follows: total assets increase by 10.1%; charter capital increases by 17.6%; customer capital mobilization increases by 6.5%; total customer credit increases by 11.0%; revenue from services and guarantees increases by 20.3%; pre-tax profit reaches VND 1,300 billion, up 4.4%; network expansion to 194 transaction points nationwide.

BAC A BANK's Board of Directors highly agrees with the consistent orientation of building and developing a multi-functional bank. Photo: BAB

The sustainable development with modest but steady steps of BAC A BANK is the result of a process of careful, transparent and effective operation with the orientation as Hero of Labor Thai Huong - Vice Chairman of the Board of Directors, General Director of BAC A BANK shared: "I believe that an economy that wants to go far must first be transparent, clean and people-oriented. That belief has guided me from the early days of entering the financial industry and then agriculture, from building a brand of clean milk and clean food, to creating sustainable business models, contributing to changing society's awareness of the green economy and circular economy".

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I believe that any businessman, if he puts the community's interests first, will find profits - not just monetary profits, but also added value in terms of reputation, longevity, and value of life.

Hero of Labor Thai Huong - Vice Chairman of the Board of Directors, General Director of BAC A BANK

At this General Meeting of Shareholders, the Board of Directors of Bac A Commercial Joint Stock Bank highly agreed with the consistent orientation of building and developing a multi-functional, modern, advanced management, stable, safe and effective business operation, in accordance with Vietnamese and international practices and standards, fully and diversely meeting the needs of financial and banking services of the economy. Priority is given to investment consulting and credit granting for enterprises applying high technology in agricultural - forestry - fishery production, clean medicinal materials, healthcare and education; processing and manufacturing industries.

Shareholders vote at the 2025 Annual General Meeting of Shareholders. Photo: BAB

In 2025, BAC A BANK will continue to implement solutions to improve governance capacity, risk management capacity; financial capacity through solutions to increase the scale and quality of equity capital, resolutely handle bad debt: improve the quality of asset portfolio, investment activities; promote appropriate and oriented credit growth; restructure capital sources in a sustainable direction; develop retail markets and products and services; upgrade and synchronize information technology systems.

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Source: https://baonghean.vn/bac-a-bank-tang-von-dieu-le-len-12-350-ty-dong-thanh-cong-den-tu-nen-tang-vung-chac-10295741.html