KienlongBank Shareholders' Meeting: Approved the plan to list shares in the fourth quarter of 2025

On April 25, Kienlong Commercial Joint Stock Bank (KienlongBank; UpCOM: KLB) successfully held its 2025 Annual General Meeting of Shareholders online. At the meeting, with a high consensus rate, KienlongBank shareholders approved many important contents related to the Bank's strategy in the coming time.

2024 with many positive results

Reporting at the Congress, KienlongBank's Board of Directors said that in 2024, despite facing many common difficulties and challenges of the domestic and foreign economies , thanks to closely following the economic management solutions, monetary policies, credit, and banking activities of the Government and the State Bank, the Bank has exceeded the annual profit plan target approved by the General Meeting of Shareholders.

Overview of KienlongBank's 2025 Annual General Meeting of Shareholders.

Total accumulated pre-tax profit at KienlongBank reached VND 1,112 billion, completing 139% of the annual plan. Total assets reached VND 92,176 billion, up 5.98%; total mobilized capital reached VND 82,575 billion, up 5.22%; outstanding credit reached VND 61,432 billion, up 16.84% compared to the previous year. The bad debt ratio was controlled at 1.52%, a low level compared to the general level of the whole industry and ensuring compliance with the requirements of the State Bank .

In addition to effective and safe financial indicators, KienlongBank's sustainable development goals continue to be promoted with a transparent and cohesive working environment and practical social activities in the spirit of considering the common interests of the community as the core value of the enterprise.

Many important contents were passed at the Congress.

Expecting the recovery momentum of the Vietnamese economy in particular in 2025, closely following the direction of the Government and the State Bank and effectively exploiting potential for development, KienlongBank sets optimistic goals in prudence.

Total assets are expected to reach VND 102,000 billion, an increase of 10.66% compared to 2024. Total mobilized capital reaches VND 93,000 billion, outstanding credit balance reaches VND 71,000 billion with increases of 12.62% and 15.57% respectively compared to the end of last year. Pre-tax profit is targeted at VND 1,379 billion and the bad debt ratio continues to be controlled below 3%, ensuring compliance with regulations of the State Bank .

The plan to list all outstanding shares of KienlongBank on the stock exchange was also approved by the majority of shareholders. This is not only a commitment to improve transparency and publicity in operations but also demonstrates a long-term development strategy, aiming at international standards in corporate governance, internal control and information disclosure. Important reports on the authorization and assignment of tasks to the Board of Directors; listing of shares and bonds on the stock exchange... were unanimously approved by shareholders. However, the report on amending and supplementing the charter and the plan to increase charter capital have not been approved by the General Meeting of Shareholders.

KienlongBank representative shared: “The dividend payment at the top rate in the industry and the plan to increase capital through share offering demonstrate KienlongBank's commitment to harmonizing business operations, shareholder interests and the Bank's long-term strategy. With that orientation, the Bank is always proactive and flexible in optimizing existing resources, ensuring operations strictly comply with regulations. KienlongBank respects the shareholders' decision and will continue to study capital increase options in the future.”

Profit growth breakthrough in Q1/2025

With bold but cautious plans for a thriving year in 2025, KienlongBank has been recording the first positive business signs. According to the Bank's representative, in the first quarter of 2025, total pre-tax profit is expected to reach VND 356 billion, an increase of 66% over the same period in 2024. With the current results, KienlongBank is confident that it can complete the profit growth results in 2025.

Mr. Tran Hong Minh, Acting General Director of KienlongBank shared information with shareholders at the General Meeting.

This result not only reflects the effectiveness of business strategy, reducing and optimizing operating costs; the credit operation structure focuses on target and key products with the proportion of service revenue accounting for 20% of the total structure, at the same time, it also demonstrates the Bank's ability to flexibly adapt to market fluctuations.

In addition to business growth, with the high determination of the Board of Directors, from the beginning of the year, KienlongBank has focused on streamlining processes, promoting the application of AI in operations to help reduce work processing time and control risks more effectively.

In the first quarter of 2025, KienlongBank also cooperated with large domestic and foreign partners and corporations, aiming to increase activities in the field of AI. The bank also launched the Kiloba AI application, tailored for KienlongBank staff, personalized for each staff, assisting in daily activities.

At the same time, the Bank also focuses on streamlining the structure by building a 5.0 human resource capacity framework in the new period. This will be the core group of personnel, easily adapting to new technologies, contributing to increasing operational efficiency. With such strategies, the Board of Directors of KienlongBank is confident that it will increase management efficiency by 30% in 2025.

The year 2025 marks the 30th anniversary of KienlongBank's establishment (1995-2025), a journey built on the foundation of innovation, creativity and social responsibility. With impressive business results in the first quarter of 2025, KienlongBank is showing its readiness to accelerate in the new period. The Bank is committed to continuing to invest in technology, improving service quality and optimizing customer experience, while maintaining an active role in community activities.

Source: https://baodautu.vn/dhdcd-kienlongbank-thong-qua-phuong-an-niem-yet-co-phieu-vao-quy-iv2025-d273384.html