A Big4 bank becomes the second largest shareholder of Eximbank

Vietnam Export Import Commercial Joint Stock Bank (Eximbank - HoSE: EIB) has just updated the list of shareholders owning 1% or more of the bank's charter capital.

Notably, as of October 10, a new name appeared in the list of shareholders, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank – HoSE: VCB), owning 78.79 million shares, equivalent to 4.51% of Eximbank's charter capital.

According to the list, Vietcombank has become the second largest shareholder at Eximbank after GELEX Group owning 10% of capital.

It is estimated that according to the market price of EIB shares at the end of the session on October 10, which was VND18,850/share, Vietcombank had to spend about VND1,485 billion to become a shareholder at Eximbank.

List of shareholders owning 1% or more of Eximbank's capital.

In addition, the ownership of other shareholders remains the same. Regarding individual shareholders, Eximbank Vice Chairwoman of the Board of Directors, Ms. Luong Thi Cam Tu, currently owns 19.5 million shares, equivalent to 1.12% of the bank's charter capital.

In addition, VIX Securities JSC has 62.3 million shares, equivalent to 3.58% of capital at the bank.

Recently, information has appeared about a "Petition" of the Board of Supervisors related to bad debt risks and loans to ineligible customers.

The rumours have weighed on the bank's shares.

On the afternoon of October 14, nearly 42.7 million EIB shares were were traded in matching orders, the value corresponding to nearly 780 billion VND, foreign investors net sold more than 5.3 million units, equivalent to 97 billion VND, which is believed to have originated from the above rumor affecting investor sentiment.

In the morning trading session on October 16, after the correction, the stock increased by 1.65% compared to the previous session to VND 18,500/share with a trading volume of more than 7.3 million units and continuously increasing.

However, Eximbank affirmed that the above document circulating on social networks is not a document of the Board of Supervisors and does not originate from the bank.

Eximbank said that the bank is still operating stably, safely and effectively, meeting the diverse financial needs of customers and partners. The bank's financial data is always transparent and independently audited according to international standards.

Eximbank also informed that in the first 9 months of 2024, the bank's total assets increased by 11% compared to the beginning of the year, up 16.9% over the same period. Outstanding loans increased by 15.1% compared to the beginning of the year, up 18.9% over the same period. Pre-tax profits increased over the quarters (in which pre-tax profits in the third quarter increased by 39% over the same period).

Source: https://www.nguoiduatin.vn/mot-ngan-hang-big4-tro-thanh-co-dong-lon-thu-2-cua-eximbank-204241016132120673.htm