Banks promote digital transformation, conquer growth targets

(Chinhphu.vn) – At the recent 2025 General Meeting of Shareholders (GMS) of several banks, bank leaders set out strategies for strong and sustainable growth in the new era. Many Vietnamese banks not only set ambitious business goals but also focus on technological innovation, effective management and sustainable development.

The 2025 General Meeting of Shareholders of Loc Phat Bank ( LPBank ) took place in a lively atmosphere, reflecting the bank's strong confidence in implementing an effective growth strategy.

LPBank: paying 25% dividend and aspiration to become a leading retail bank

The 2025 Annual General Meeting of Shareholders of Loc Phat Bank (LPBank) took place in a lively atmosphere, reflecting the bank's strong confidence in implementing an effective growth strategy. Specifically, LPBank recorded outstanding pre-tax profit in 2024, while return on equity (ROE) reached 25.1%, ranking among the top banks in the banking industry in terms of capital efficiency.

Implementing a comprehensive digital transformation strategy, LPBank successfully deployed the Core Banking T24 system in record time, creating a solid foundation for upgrading digital financial services. Outstanding products such as LPBank Biz and the keyless switchboard have brought superior customer experiences, as committed by the bank.

LPBank's 2025 plan is no less ambitious: Total assets are expected to reach VND525,890 billion, pre-tax profit VND14,868 billion, a growth of 22.2%. Furthermore, the bank aims to be in the Top 5 priority banking services in major cities, while affirming its position in rural areas and secondary urban areas.

Another highlight in LPBank's strategy is the establishment of the Debt Management and Asset Exploitation Company (LPBank AMC), to flexibly handle bad debts and enhance long-term financial capacity. Notably, LPBank committed to paying a cash dividend of 25%, the highest level in the market, as a gratitude for the companionship of shareholders.

"We want to pay as high an annual dividend as possible. However, due to the unpredictable developments of the world and Vietnam's economic situation, we will submit to the General Meeting of Shareholders a dividend payment based on actual annual business results. The Board of Directors also hopes that customers, shareholders and partners will continue to support and accompany the Bank to complete all set goals, as a basis for dividend payment", affirmed Mr. Nguyen Duc Thuy, Chairman of LPBank's Board of Directors.

All of these efforts, at the same time, demonstrate the determination and methodical spirit in LPBank's long-term strategy to conquer new heights. This bank clearly demonstrates its aspiration to become a leading retail bank and firmly step into the digital age.

Launch of PGBank Board of Directors

PGBank: Soon double charter capital and aim for top 15 most effective banks

PGBank also successfully held the 2025 Annual General Meeting of Shareholders, marking a pivotal period for the acceleration and breakthrough process. With total assets reaching VND 73,015 billion in 2024 (double that of 2020), the bank demonstrated its continuous efforts in comprehensive restructuring, despite the market context still having many potential fluctuations. Looking forward to 2025, PGBank has set ambitious goals: pre-tax profit of VND 1,001 billion (up 135.3% over the previous year), total assets of VND 91,226 billion, outstanding credit growth of 17.1%. At the same time, PGBank plans to control bad debt at below 2%, continue to improve risk management efficiency, improve operating processes, and promote digital transformation.

Not only focusing on financial indicators, PGBank also implements fundamental and long-term strategies. PGBank has completed increasing its charter capital through the issuance of bonus shares and completing the public offering of shares to VND4,200 billion in March 2025, aiming to increase its capital to VND5,000 billion in the second quarter of 2025, completing a doubling of its capital to VND10,000 billion by the end of 2025, in order to strengthen its financial capacity, expand its business operations and be ready to access international investment opportunities.

Not only that, PGBank also focuses on developing a new, dynamic and modern brand, along with promoting the modernization of core banking and launching a comprehensive digital bank. PGBank's orientation for the 2025-2030 period is to build a model of a sustainable retail bank, modernize technology, optimize operations, and seek strategic shareholders to expand growth resources. Regarding personnel, Ms. Cao Thi Thuy Nga - Independent member of the Board of Directors of PGBank for the 2020-2025 term will become the new Chairwoman of the Board of Directors of PGBank for the 2025-2030 term.

"The new Board of Directors and I will continue to adhere to the strategic directions that have been set out, while at the same time promoting our capacity, expertise, and innovative thinking to lead PGBank to sustainable development in the coming time," said the new Chairman of PGBank's Board of Directors.

SHB General Meeting of Shareholders took place successfully and passed all proposals with high consensus rate.

At the 2025 Annual General Meeting of Shareholders (AGM) of Saigon - Hanoi Bank (SHB), shareholders were pleased to note impressive business results in 2024, with pre-tax profit reaching VND 11,569 billion, up 25.2% over the previous year, and total assets reaching VND 747,478 billion.

The Bank always implements strict risk management policies. Capital adequacy ratios and risk management always comply better than the regulations of the State Bank. Capital adequacy ratio (CAR) is above 12% according to Basel II standards, liquidity risk ratio meets Basel III standards. Bad debt ratio is controlled at 2.4%, completing the bad debt control target according to the plan of the General Meeting of Shareholders.

With the philosophy of "Business development associated with social responsibility"; at the same time implementing the spirit of Chairman of the Board of Directors Do Quang Hien: "Contributing to society is part of the duty and honor of the enterprise", over the years, SHB has continuously spread profound human values, promoted the fine traditions of the nation, proactively promoted social security activities, creating a deep impression in the community.

In the context of fierce competition, SHB has set a 2025 plan with ambitious targets: pre-tax profit of VND 14,500 billion (up 25% compared to 2024), bad debt ratio controlled below 2%. Not only that, the bank also affirmed its commitment to increase dividend payments, expected at 18% for 2024, strengthening the confidence of shareholders. At the same time, the bank continuously promotes digital transformation, cooperates with large technology corporations such as SAP Fioneer and AWS, realizing the "Future Bank" initiative.

In line with the Government's orientation in developing science, technology, innovation and digital transformation to bring the country to strong development in the new era, the Bank continues to invest in advanced technology solutions to optimize processes, bring superior experiences to customers and create modern, convenient and safe digital banking services. The deployment of the Core Banking platform on the cloud will be an important launching pad, helping SHB make a breakthrough in the period of 2025-2028, towards the goal of becoming the leading modern retail bank in the ASEAN region by 2035.

Mr. Minh

Source: https://baochinhphu.vn/cac-ngan-hang-day-manh-chuyen-doi-so-chinh-phuc-cac-muc-tieu-tang-truong-102250427193844248.htm