Vietnam Export Import Commercial Joint Stock Bank ( Eximbank , HoSE: EIB) has just announced that it has received the resignation letters of two members of the Board of Directors, Mr. Nguyen Hieu and Mr. Nguyen Thanh Tung, on April 5.
In his resignation letter, Mr. Nguyen Thanh Hung said that due to personal reasons, he could no longer continue to participate in the Board of Directors at the bank. Previously, on March 23, 2023, Mr. Hung also resigned from the position of Chairman of the Board of Directors of Industrial and Transport Development Investment Joint Stock Company (Tracodi, HoSE: TCD).
At the same time, Mr. Nguyen Hieu also resigned for personal reasons. Previously, Mr. Hieu was the representative of an investor , who has now sold all of his shares at Eximbank to another investor.
Previously, Mr. Hieu and Mr. Tung were both elected to the Board of Directors of Eximbank for the 7th term (2020 - 2025) at the second 2021 Annual General Meeting of Shareholders held on February 15, 2022.
According to research, Mr. Nguyen Thanh Hung is currently Vice Chairman of the Board of Directors and Deputy General Director of Bamboo Capital. He also holds a number of positions at other units such as An Giang Construction Materials Processing and Exploitation Joint Venture Company Limited; Dalat Coffee Import-Export Joint Stock Company; Vietnam Taxi Company Limited; BCC Land Joint Stock Company; BCC Energy Joint Stock Company.
Mr. Nguyen Thanh Hung.
Mr. Nguyen Hieu (born in 1973) is a member of the Board of Directors of Rong Viet Securities Corporation. He was nominated to the Board of Directors by the group of shareholders Lafelle Limited, Education Management Holdings Limited and Mr. Tran Cong Can.
After receiving the resignations of Mr. Nguyen Thanh Hung and Mr. Nguyen Hieu, Eximbank's Board of Directors has 5 members left with Chairwoman Luong Thi Cam Tu, Ms. Do Ha Phuong, Ms. Le Thi Mai Loan, Mr. Pham Quang Dung and Mr. Tran Anh Thang as independent members.
Two senior personnel left Eximbank at a time when the bank will hold its 2023 Annual General Meeting of Shareholders in Ho Chi Minh City on April 14.
According to the published document, the bank aims to achieve pre-tax profit of VND5,000 billion in 2023, an increase of 34.8% compared to VND3,709 billion in 2022.
Total assets in 2023 are estimated to reach VND 210,000 billion, up 13.5% compared to 2022. Outstanding credit is expected to increase by 12.3%, reaching VND 146,600 billion, which can be adjusted according to the State Bank's management orientation. Capital mobilization is estimated to increase by 11% to VND 165,000 billion. The on-balance sheet bad debt ratio is controlled below 1.6%.
Notably, the bank also submitted to shareholders a plan to increase charter capital through issuing shares to pay dividends from 2022 profits.
Specifically, Eximbank plans to issue 265.5 million shares to pay dividends at a rate of 18% (meaning shareholders owning 100 shares at the time of issuance will receive a maximum of 18 new shares). The charter capital is expected to increase to VND17,469 billion after issuance.
The source of capital for implementation is from the remaining accumulated profit of the previous year (up to the end of 2021) and the profit of 2022 after setting aside funds. The expected implementation time is in 2023.
Notably, this is the first time Eximbank shareholders have received dividends in nearly a decade, since 2014. The most recent dividend payment from Eximbank was 4% in cash for 2013 and was made in 2014 .
Source
Comment (0)