Why did Mr. Vu Van Tien withdraw his resignation from the Board of Directors of ABBANK?

(NLDO) – Mr. Vu Van Tien joined the Board of Directors of ABBABNK in 2003 and held the position of Chairman of the Board of Directors of this bank during the period 2005 - 2018.

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

Mr. Vu Van Tien withdrew his resignation after considering, rearranging work, and discussing ideas with the board of directors to continue working with the Board of Directors of this bank.

"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.

Previously, he submitted a petition to the bank's Board of Directors on January 15.

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...

Mr. Vu Van Tien, currently Vice Chairman of ABBANK Board of Directors

Mr. Vu Van Tien, 66 years old, has a bachelor's degree in economics. He is currently Chairman of the Board of Directors and General Director of Geleximco Group. He joined the Board of Directors of ABBABNK in 2003 and held the position of Chairman 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, this "hot seat" was transferred to Mr. Dao Manh Khang (Mr. Tien's brother-in-law) and Mr. Khang is currently the Chairman of the Board of Directors of this bank.

In 2024, ABBANK recorded pre-tax profit of VND 809 billion, an increase of 58% compared to the previous year. As of December 31, 2024, the bank's total assets reached more than VND 176,600 billion; total outstanding loans also reached nearly VND 155,000 billion, a positive growth compared to the previous year.

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

Source: https://nld.com.vn/vi-sao-ong-vu-van-tien-rut-don-tu-nhiem-thanh-vien-hdqt-abbank-196250322095415432.htm