On April 25, 2025, in Ho Chi Minh City, Sacombank successfully held the 2024 General Meeting of Shareholders. The meeting unanimously approved many important contents such as: Report on 2024 operating results and orientations and targets for 2025; audited separate and consolidated financial statements for 2024; 2024 profit distribution plan and 2025 profit distribution plan; Proposal on charter capital increase policy; Proposal on capital contribution/share purchase of securities companies...
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| Chair of the 2024 Annual General Meeting of Shareholders of Sacombank. Photo: Nhu Quynh |
In the context of the Vietnamese financial market facing many challenges, Sacombank has quite comprehensively completed the set plan by closely following the monetary policy of the State Bank, effectively transforming digitally, and anticipating shifts in production and consumption trends.
Specifically, pre-tax profit reached VND 12,720 billion, up 32.6% over the same period; credit growth reached 11.7%, raising total outstanding loans to VND 539,315 billion - accounting for 3.4% of total outstanding loans of the whole economy ; total mobilized capital increased sharply by 16.7%, exceeding the plan by 106%. Of which, mobilization from market 1 (enterprises and residents) accounted for a high proportion (85.6%), while demand deposits (CASA) increased by 9.3%, helping Sacombank maintain stable capital sources and competitive capital costs. The rate of profit after tax and total assets (ROA, ROE) increased steadily, reaching 1.42% and 20.03%, respectively.
The on-balance sheet bad debt ratio was controlled at 2.08%, a slight decrease compared to the beginning of the year. The limits and ratios for ensuring operational safety complied with the regulations of the State Bank. Notably, the capital adequacy ratio (CAR) was at 10.14% - significantly higher than the prescribed 8%, showing that Sacombank still maintained a safe financial margin.
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| Ms. Nguyen Duc Thach Diem - Standing Vice Chairman of the Board of Directors and General Director of Sacombank presented a report on outstanding business results in 2024. Photo: Nhu Quynh |
2025 is the first year after 9 years of implementing the restructuring project, Sacombank plans to pay dividends to shareholders in the context that the bank has achieved many positive results. Specifically, Sacombank has handled an additional VND 76,695 billion of bad debts and outstanding assets under the project, reducing the proportion of this item in total assets to 2.4%. In particular, Sacombank has completed handling all VND 21,576 billion of expected interest income under the project and set aside 100% of the provision for the entire remaining outstanding debt portfolio that has not been handled.
Regarding the issue of paying dividends in shares to increase charter capital, the proposal stated that after being approved by the State Bank, the Board of Directors will develop a detailed plan and seek shareholders' opinions before implementation. Currently, Sacombank's accumulated retained earnings have reached VND25,352 billion. Sacombank is ready in terms of both responsibility and obligation, expecting to be approved for successful restructuring this year, paving the way for larger-scale and more breakthrough development strategies.
| Based on the approval of the General Meeting of Shareholders as well as understanding upcoming financial trends, Sacombank plans to increase many important indicators by 10-15% in 2025. Specifically, total assets will increase to VND819,800 billion, pre-tax profit will reach VND14,650 billion, total outstanding credit will reach VND614,400 billion, total capital mobilization will reach VND736,300 billion, and the operational safety ratio will comply with the regulations of the State Bank. |
Source: https://congthuong.vn/sau-9-nam-sacombank-chia-co-tuc-cho-co-dong-384831.html
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