The Board of Directors of An Binh Bank (ABBank) has just announced the proposal to withdraw the resignation of Mr. Vu Van Tien from the position of member of the Board of Directors. He is currently Vice Chairman of the Board of Directors, Chairman of the ABBANK Digital Banking and Transformation Committee.

Mr. Tien withdrew his resignation letter submitted on January 15 after considering, rearranging work, and discussing ideas with the board of directors to continue working with the bank's Board of Directors.

"I request that the Board of Directors not submit to the 2025 annual general meeting of shareholders the dismissal of my position at ABBank," Mr. Tien wrote in the petition.

vu van tien 6.jpg
Mr. Vu Van Tien. Photo: DDDN

Mr. Vu Van Tien was born in 1959, has a bachelor's degree in economics. Mr. Tien is currently Chairman of the Board of Directors and General Director of Geleximco Group.

Mr. Tien joined the Board of Directors of ABBank in 2003 and held the position of chairman of this bank during the period 2005-2018.

In 2018, Mr. Tien left the position of Chairman of ABBank to comply with legal regulations, requiring business leaders not to hold concurrent positions at the bank. After that, the position of Chairman of the Board of Directors was transferred to Mr. Dao Manh Khang (Mr. Tien's brother-in-law). Mr. Khang has held this role until now.

In 2024, ABBank recorded pre-tax profit of VND 809 billion, an increase of 58% compared to 2023. By the end of 2024, ABBank's total assets reached more than VND 176,600 billion; total outstanding loans reached nearly VND 155,000 billion, an increase of 14.1%.

Regarding stock prices, at the end of this weekend's trading session (March 21), ABBANK's ABB stock price was traded at VND8,200, up 2.5% compared to the previous session.

ABBANK plans to hold its 2025 annual general meeting of shareholders in April in Hanoi to approve reports on business plans, fund allocations, and distribution of after-tax profits...