MSB postpones its 2024 Annual General Meeting of Shareholders.

Vietnam Maritime Commercial Bank (HoSE:MSB) recently issued an extraordinary notice announcing a change in the date of its 2024 Annual General Meeting of Shareholders.

Accordingly, the Board of Directors of MSB has passed a resolution to postpone the General Meeting from April 10th to April 23rd. The reason is to finalize preparations for the meeting. In a previous announcement, the bank stated that the venue would be 54A Nguyen Chi Thanh Street, Lang Thuong Ward, Dong Da District, Hanoi . The expected last registration date to be eligible to attend was March 8th, 2024.

The General Meeting of Shareholders is expected to elect a maximum of two additional members to the MSB Board of Directors for the 2022-2026 term. However, as of February 26th, MSB has not yet received any nominations or candidacies from shareholders for the position of Board member.

According to information on the bank's website, the MSB Board of Directors currently has 7 members, with Mr. Tran Anh Tuan as Chairman for the 2022-2026 term, Ms. Nguyen Thi Thien Huong and Mr. Nguyen Hoang An as Vice Chairmen, and four members: Ms. Le Thi Lien, Mr. Nguyen Hoang Linh, and independent member Mr. Ta Ngoc Da.

Regarding business performance, MSB ended the fourth quarter of 2023 with after-tax profit reaching VND 483.7 billion, a decrease of 37.4% compared to the same period last year. For the entire year, the bank's after-tax profit was VND 4,644.2 billion, an increase of 0.6%.

As of December 31, 2023, MSB's total assets reached over VND 267 trillion, a 25% increase compared to 2022. Total deposits as of that date were over VND 132 trillion, a 13% increase compared to the same period in 2022. Of this, time deposits reached VND 97.2 trillion, a 21% increase compared to the same period; deposits from individual customers amounted to approximately VND 76 trillion in 2023, accounting for 57% of the total portfolio, a 26% increase compared to the same period; and CASA balances accounted for 26.54% of total deposits .

Source: https://www.nguoiduatin.vn/msb-lui-lich-dai-hoi-dong-co-dong-thuong-nien-2024-a654869.html