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The bank president caused a storm because the dance 'under the rain' brought a net profit of tens of trillions


During the gala to celebrate the 30th anniversary of the establishment of Asia Bank (ACB), the Chairman born in 1978 appeared with the image of playing the piano, singing and dancing. Mr. Huy's performance was invested quite elaborately when rain and smoke appeared, accompanied by a dance troupe.

The performance excites those present in the auditorium. Video clips have become a "hot" topic in the online community, especially in the world of bankers.

Previously, at the 25th founding anniversary (2018), Mr. Huy first appeared "extremely cool" with a singing and dancing performance and immediately caused a "storm" online.

 

That "hot" character is Mr. Tran Hung Huy (born in 1978). Mr. Huy is currently the Chairman of the Board of Directors of ACB.

In 2012, Mr. Huy succeeded his biological father (Mr. Tran Mong Hung) as Chairman of the Board of Directors of ACB. At that time, Mr. Huy was the youngest bank president at just 34 years old. So far, no one has broken the record of the youngest person elected to be the chairman of a bank by Mr. Huy.

Chairman Tran Hung Huy is holding 115,73 million shares, worth about 2.900 billion VND.

Meanwhile, Mr. Tran Mong Hung is no longer a member of ACB's Board of Directors. But Ms. Dang Thu Thuy (born 1955, wife of Mr. Hung) is a member of the Board of Directors, from 2011 to present. Ms. Thuy owns 40,34 million ACB shares, worth about 1.000 billion dong.

Regarding the business results of ACB under Mr. Huy, in the last 5 years (from 2017 to 2022), consolidated pre-tax profit has always increased year by year.  

Specifically, in 2017 ACB reached 2.656 billion dong, in 2018 the bank's consolidated pre-tax profit increased by 140%, reaching 6.389 billion dong.

By 2018, profit growth was 17,6%, reaching VND 7.516 billion, profit growth of 2020% in 27 to VND 9.596 billion.

In 2021, ACB's consolidated pre-tax profit exceeded VND 10.000 billion for the first time when it reached VND 11.998 billion, up 25% over the same period.

Notably, in 2022, ACB achieved a consolidated pre-tax profit of VND 17.114 billion, a sharp increase of 42,6% thanks to the fact that it no longer had to spend much of its profit on provisioning for risks. 

ACB is also one of the few banks to maintain a low NPL ratio below 1% in the last two years. The bank's bad debt has decreased from 0,78% in 2021 to 0,74% in 2022.

(Source: Vietnamnet)


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