On April 5, 2024, An Binh Commercial Joint Stock Bank (ABBANK) successfully held its 2024 Annual General Meeting of Shareholders.
ABBank will hold its 2024 Annual General Meeting of Shareholders on April 5, 2024.
Accordingly, the ABBANK Shareholders' Council approved the business development plan for 2024, which focuses on improving business efficiency, promoting digital transformation, and concentrating on implementing the Bank's Strategy Renewal Project, transforming the operating model to suit the requirements of the new phase.
Regarding business targets for 2024, ABBANK shareholders approved a plan for projected pre-tax profit of VND 1,000 billion. Other key indicators are also expected to grow, such as: total assets projected to reach VND 170,000 billion, a 5% increase compared to 2023; outstanding loans reaching VND 116,272 billion; and customer deposits reaching VND 113,349 billion, both increasing by 13.5% compared to 2023. Non-performing loans (NPLs) are expected to be controlled at below 3% of total outstanding loans, in accordance with the regulations of the State Bank of Vietnam (SBV).
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