According to the content of the document published by Eximbank, the group of major shareholders owning more than 5% of the charter capital has proposed to dismiss Ms. Luong Thi Cam Tu and Mr. Nguyen Ho Nam from the position of Board of Directors members because it is deemed necessary according to the regulations of this bank and the Law on Credit Institutions 2024.

The reason, according to this group of shareholders, is that Ms. Tu was absent from 4 Board of Directors meetings in 2023 but did not authorize another member. Ms. Tu only attended 17/21 Board of Directors meetings in 2023, accounting for an attendance rate of 81%.

Ms. Luong Thi Cam Tu also did not participate in collecting written opinions 23 times. The total number of times participating in collecting written opinions was 220/243 times, accounting for a participation rate of 91%.

In addition, in 2024, Ms. Tu continued to not participate in collecting written opinions from the Board of Directors once out of a total of 109 written opinions.

Ms. Luong Thi Cam Tu, born in 1980, joined Eximbank in 2018. She has twice held the position of Eximbank's chairwoman. On June 28, 2023, Ms. Tu was dismissed and then transferred to the position of Vice Chairwoman of the Board of Directors.

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Eximbank's major shareholder group proposed to dismiss two members of the Board of Directors.

Regarding Mr. Nguyen Ho Nam, the group of major shareholders owning more than 5% of charter capital said that within only two months of joining the Board of Directors (Mr. Nam started joining the Board of Directors of Eximbank from April 26, 2024), he did not participate in collecting the Board of Directors' opinions in writing twice, the total number of times participating in collecting the Board of Directors' opinions in writing was only 36/38 times, accounting for 97.74%.

Mr. Nguyen Ho Nam was known as the Chairman of the Board of Directors of Bamboo Capital Group. At the 2024 General Meeting of Shareholders of Eximbank in April 2024, Mr. Nam became a member of the Board of Directors for the 2020-2025 term and was appointed Vice Chairman of the Board of Directors of Eximbank.

According to Dr. Lawyer Nguyen Thi Huyen Trang - Director of Vien An Law Firm, Ho Chi Minh City Bar Association - the group of shareholders' proposal to dismiss the above individuals and the Eximbank Board of Directors' inclusion of this content in the meeting agenda is completely consistent with the provisions of law, charter and governance regulations of Eximbank (announced).

Lawyer Trang said that the rest depends on the voting results of shareholders at the extraordinary general meeting of shareholders taking place on November 28.

Speaking with VietNamNet, another lawyer also said that although Eximbank's problems attract public attention, this is completely an internal matter and is within the authority of Eximbank's Shareholders' Meeting.

This lawyer added that Eximbank's crises mainly come from internal problems within the organization. The information posted on social networks causing public confusion not only causes further internal division within Eximbank, hindering the bank's development, but is also a violation of the law.

On November 28, Eximbank’s extraordinary shareholders’ meeting will take place. According to published documents, up to this point, there are two issues that need to be voted on by shareholders, which are the relocation of Eximbank’s headquarters to Hanoi and the dismissal of two members of the Board of Directors and one member of the Supervisory Board.

On the eve of the extraordinary General Meeting of Shareholders, Eximbank received good news when on November 25, the State Bank approved the amendment of the charter capital level in the Operating License.

Accordingly, Eximbank's current charter capital is over VND 18,688 billion, an increase of VND 1,218.5 billion (the previous charter capital was nearly VND 17,469.6 billion) through the form of issuing shares to pay dividends from accumulated undistributed profits until 2023 after setting aside funds. The increase in charter capital is used by Eximbank to expand business operations and expand credit supply capacity.

In the first 9 months of 2024, Eximbank's total assets increased by 11% compared to the beginning of the year, reaching a growth rate of 16.9% over the same period last year. In particular, pre-tax profit in the first 9 months of 2024 increased by 39% over the same period in 2023. The capital adequacy ratio (CAR) remained at 12-14%, exceeding the State Bank's prescribed threshold of 8%.