VietinBank successfully organized the 2025 Annual General Meeting of Shareholders

The Congress reviewed and unanimously approved the following important contents: Report of the Board of Directors, Report of the Executive Board, Report of the Supervisory Board on business performance in 2024 and development orientation in 2025; Submission to approve the audited financial statements in 2024; Submission to approve the selection of an independent auditing company to audit the financial statements (FS) and provide assurance services for the operation of the internal control system in preparing and presenting the financial statements of VietinBank in 2026; Submission to approve the plan to increase charter capital through issuing shares to pay dividends from the remaining profits in 2021, 2022 and the period 2009-2016; Submission to approve the remuneration level in 2025 for the Board of Directors and the Supervisory Board; Proposal to approve the listing of VietinBank's 2025 public bonds on the Hanoi Stock Exchange after the end of the offerings; Proposal to approve the 2024 profit distribution plan; Proposal to approve the proposed remedial plan in case of early intervention.

The 2025 Annual General Meeting of Shareholders approved the dismissal of Mr. Nguyen Duc Thanh - member of the Board of Directors and elected Mr. Nguyen Van Anh to the Board of Directors of VietinBank for the 2024-2029 term. Along with that, the Congress also elected 04 additional members of the Board of Supervisors for the 2024-2029 term, including the following: Mr. Dao Xuan Tuyen, Mr. Nguyen Hai Dang, Ms. Mai Huong Thao, Ms. Pham Thi Thu Huyen.

Operational milestones in 2024

In line with the contents approved by the 2024 General Meeting of Shareholders, VietinBank's Board of Directors has directed the drastic implementation of business solutions, taking the lead in implementing policies and orientations of the Party and State and closely following market developments, striving to promote innovation, strongly transforming the growth model, implementing comprehensive digital transformation in all aspects of operations, improving financial capacity, developing modern financial banking solutions, service quality, and maximally meeting customers' financial needs.

Since then, VietinBank has achieved positive business results in 2024. Of which, total consolidated assets reached VND 2.39 million billion, an increase of 17.4% compared to 2023. Consolidated outstanding credit reached VND 1.73 million billion, an increase of 16.8% compared to 2023; credit growth rate remained stable, sustainable, and often higher than the whole industry, meeting the capital needs of the economy. Outstanding loans grew evenly in the corporate customer (KHDN) and retail (BL) segments, shifting the credit portfolio structure towards promoting growth in outstanding loans in the retail segment and small and medium-sized enterprises, accordingly, the proportion of outstanding loans in the two segments increased from 61.2% in 2023 to 61.5% of total outstanding loans in 2024.

Capital mobilization is balanced in line with credit growth rate, ensuring liquidity safety ratios. Consolidated mobilized capital reached nearly 1.76 million billion VND, up 15.2% compared to 2023. Notably, VietinBank's CASA capital continued to grow strongly with CASA scale reaching nearly 400 trillion VND, in the TOP 3 banks with the highest CASA scale and growth rate in Vietnam. VietinBank always maintains LDR and liquidity ratios to ensure compliance with the regulations of the State Bank. The bad debt ratio according to Circular 31 is controlled at 1.1%, complying with the planned limit assigned by the State Bank and the General Meeting of Shareholders. The bad debt coverage provision ratio reached 171.7%, continuing to remain high. Total operating income reached 81.9 trillion VND, up 16.1% over the same period in 2023, the highest in the banking industry. Individual pre-tax profit reached VND 30.4 trillion, up 25% compared to 2023 - completing 115% of the plan assigned by the General Meeting of Shareholders.

With the effective implementation of the Party and State's guidelines and policies on providing capital for the economy, VietinBank has synchronously deployed solutions, issued many credit programs with preferential interest rates to support people and businesses, oriented credit growth to production and business sectors, "green" credit, priority sectors under the direction of the Government and the State Bank; allocated resources to key economic areas, accompanied regions and localities to promote regional economy, actively contributed to the development of the country.

Digital transformation has become the fourth pillar, along with three pillars (Core income growth; Effective resource and cost management; Effective exploitation of ecosystem and ESG integration, promoting sustainable development) to help VietinBank seize opportunities and become the leading effective bank in Vietnam.

In 2024, VietinBank completed an important "run-up" phase with 45 initiatives prioritized for implementation, laying a solid foundation for the digital transformation journey. Outstanding initiatives have brought impressive results, such as launching digital products such as DigiGOLD, online disbursement features, and online guarantees for corporate customers. These products not only optimize processes, reduce procedures and processing time, but also enhance customer convenience, minimize risks and increase labor productivity for VietinBank staff. In particular, the birth of the Digital Factory (DF) became an important highlight; applying the Agile working method allows to shorten the time to bring products to customers and quickly collect feedback for continuous improvement. VietinBank puts people at the center of the transformation journey, personnel are supplemented promptly and continuously improved in skills and knowledge; The spirit of digital transformation is spread, promoting consensus and innovation throughout the system.

Accelerate and transform dramatically across all areas of operation

2025 is a key year in implementing the 2020-2025 goals of the economy, the banking industry in general and VietinBank in particular. VietinBank will continue to maintain its role as a leading bank, taking the lead in implementing policies and strategies, serving the needs of socio-economic development, contributing to ensuring the monetary business environment and contributing to the strong development of the country in the "Era of national development".

In 2025, VietinBank will promote all its internal strengths and continue to focus on 4 strategic focuses:

- Core income growth, ensuring efficiency and sustainability;

- Increase customer engagement, become the customer's main transaction bank;

- Effective resource management;

- Strengthen risk management capacity.

Also this year, VietinBank will enter an acceleration phase, aiming for a more extensive transformation in all areas of operation, with a strong determination to accelerate the Digital Transformation Program, even ahead of schedule. Currently, VietinBank has completed a master plan to implement initiatives within the Comprehensive Digital Transformation Program. One of the top priorities is: Continuing to deeply digitize products and services and redesign business processes, focusing on exploiting the power of data to optimize business operations...

In 2025, VietinBank expects total assets to grow from 8% to 10%; Outstanding credit is implemented according to the credit growth limit approved by the State Bank and the credit management policy orientation of the State Bank in each period; Mobilized capital grows in line with credit growth rate, ensuring liquidity safety indicators; Bad debt/credit balance ratio <1.8%; Individual pre-tax profit as approved by the competent State agency. Dividend payment ratio and dividend payment structure (cash, shares) are implemented according to the approval of the competent State agency and comply with the provisions of law; Operational safety ratios comply with the provisions of the State Bank.

The bank representative said: 2025 is an important milestone when VietinBank aims to successfully implement the Development Strategy for the period 2021 - 2025, with a vision to 2030. With the goal of becoming a leading modern, multi-functional and effective bank in Vietnam and the region, based on a solid internal strength and a methodical development strategy, VietinBank is committed to continuing to create breakthroughs in the journey of "Dual Transformation" - Digital Transformation and Green Transformation, actively contributing to the development of the country, while bringing maximum benefits and sustainable value to shareholders.

At the end of the first quarter of 2025, VietinBank achieved positive results in terms of scale and efficiency.

- Total assets are estimated to increase by 3.9% compared to the end of 2024;

- Outstanding credit balance is estimated to increase by 4.7% compared to the end of 2024;

- Capital mobilized from market 1 is estimated to increase by 3.9% compared to the end of 2024;

- The bad debt ratio according to Circular 31/2024/TT-NHNN is controlled at 1.3%;

- Pre-tax profit increased by about 6% compared to the same period in 2024.

Source: https://thoibaonganhang.vn/vietinbank-to-chuc-thanh-cong-dai-hoi-dong-co-dong-thuong-nien-2025-163025.html