Sacombank has yet to resolve the issue of Mr. Tram Be's 32.5% stake.

Sacombank understands that this matter is part of the restructuring plan and that handling these shares requires rather complex conditions and regulations, as well as the approval of the State Bank of Vietnam (SBV).

The issue of Mr. Tram Be's 32.5% stake remains unresolved.

Responding to shareholders at the 2026 Annual General Meeting (AGM) held in Phu Tho this morning, Mr. Phan Dinh Tue, a member of the Board of Directors of Sacombank, stated that this matter is part of the restructuring plan and that handling these shares requires rather complex conditions and regulations, and necessitates the approval of the State Bank of Vietnam.

Sacombank has also researched and developed a plan to submit to the State Bank of Vietnam (SBV), a plan that is feasible and in accordance with the law. In 2026, the Sacombank Board of Directors will continue working with the SBV to approve the solution. This depends on objective factors, and the Board of Directors will do its best. If everything goes smoothly in 2026, it will be approved.

“Sacombank has aggressively implemented many solutions to complete the restructuring plan. To date, we have basically completed the handling of outstanding financial issues and, in particular, have set aside 100% of the risk provisions,” Mr. Tue said, adding that one of the final key contents of the plan is the handling of Mr. Tram Be's shares. Completing the handling of these shares will help the bank ensure compliance with the safety ratios stipulated by the State Bank of Vietnam and officially return to normal operation.

However, according to Sacombank, this process requires approval from the State Bank of Vietnam (SBV). Due to policy changes, the bank is currently awaiting final approval. The Board of Directors and the General Management of Sacombank are committed to working diligently with relevant authorities to ensure the plan is approved soon. They hope this issue will be resolved definitively this year.

Sacombank has yet to resolve the issue of Mr. Tram Be's 32.5% stake.

Mr. Tue stated that in 2025, the global economy , as well as Vietnam's, will face very difficult fluctuations. First, in April 2025, there will be a new US tax policy, and then there will be many issues related to global tax policies that will directly affect domestic production and businesses, including Sacombank's customers.

In particular, Sacombank's small and medium-sized enterprise (SME) customers face difficulties and challenges, leading to overdue debts.

On the other hand, in the past, during economic downturns or epidemics, the State Bank of Vietnam or Sacombank had internal mechanisms to restructure debt and maintain the same debt classification. However, current regulations, as well as Sacombank's own procedures, no longer continue this practice. Therefore, when bad debts arise, it is mandatory to reclassify them and make provisions for bad debts.

Furthermore, the debt resolution process actually faces legal obstacles and difficulties, which prolongs the processing time. We also want to speed up the reduction of the bad debt ratio, but sometimes things don't go as planned, and there's a very large backlog of cases.

Regarding the recovery of bad debts, all of the bank's bad debts have sufficient collateral to cover the debt obligations, so the recovery rate is high, but the progress of resolution depends on the market because the majority of collateral for these loans is real estate. In the direction and tasks for 2026 that I just presented, this year we will focus the highest resources on significantly reducing the bad debt ratio of outstanding assets.

Pre-tax profit for the first quarter of 2026 reached VND 3,572 billion.

Mr. Phan Dinh Tue also stated that, despite facing many challenges in the first quarter of 2026 due to high input costs, the results achieved were quite positive. Total assets reached approximately VND 860,000 billion, total deposits reached approximately VND 600,000 billion, and outstanding loans reached approximately VND 627,000 billion (a growth of about 5-6%). Sacombank's pre-tax profit in the first quarter of 2026 reached VND 3,572 billion, equivalent to 40% of the plan. The bank is closely adhering to the set business schedule and striving to optimize costs to maintain this growth momentum.

Sacombank's profit target for 2026 is VND 8,100 billion. According to Mr. Tue, this growth rate is quite cautious. This stems from the bank's future operational direction; we want to increase our provisions to proactively handle bad debts and simultaneously create a foundation in the context of increasing risks.

“Instead of chasing short-term, rapid growth, Sacombank has chosen the optimal approach of prioritizing risk provisioning, increasing the bad debt coverage ratio, and creating a more solid financial foundation against unpredictable fluctuations and market instability,” Mr. Tue said, adding that this not only optimizes assets but also ensures sustainable development and increases Sacombank’s long-term resilience to risks. This is also a strategy that the Board of Directors has presented in Sacombank’s direction and development strategy for the coming period.

Currently, the percentage of shares held by foreign investors is around 14% by March 2026. Over the past period, foreign investors have divested significantly, and I believe that reducing the foreign ownership ratio of STB is also in line with this trend.

Source: https://baodautu.vn/sacombank-chua-xu-ly-duoc-325-co-phan-cua-ong-tram-be-d575570.html