Change of representative of Maybank's capital contribution at ABBANK

Accordingly, the Bank's foreign strategic shareholder, Maybank, officially authorized Mr. Syed Ahmad Taufik Albar to be the 100% capital representative of Maybank at ABBANK from June 5, 2025.

At the same time, according to an announcement from Maybank, Mr. Michael Foong Seong Yew is no longer Maybank's capital representative at ABBANK.

Mr. Syed Ahmad Taufik Abar, born in 1972, was nominated by Maybank and elected as a member of the Board of Directors of ABBANK at the ABBANK General Meeting of Shareholders on April 18, 2025.

Mr. Syed Ahmad Taufik Albar is an expert in the field of Accounting, Finance - Banking with 27 years of experience working and holding important positions at Shell Oil and Gas Group (Malaysia, Australia), Axiata Telecommunications Group (Malaysia, Cambodia), RHB Bank and Maybank (both of Malaysia). Currently, Mr. Syed Ahmad Taufik Albar is the Director of Community Financial Services of Maybank Group. Maybank currently owns 16.4% of ABBANK's charter capital.

Working together since 2008, ABBANK and Maybank have regularly carried out cooperation activities and shared experiences in the fields of Retail Banking, Digital Banking and Small and Medium Enterprise (SME) Customers... These are areas where Maybank has experience and strengths in the market, in line with ABBANK's retail banking development strategy.

In the first 5 months of 2025, ABBANK continued to maintain a stable and sustainable business pace, and digital transformation was carried out strongly. By the end of May 2025, ABBANK recorded nearly 1,500 billion VND in pre-tax profit, with credit increasing slightly compared to the beginning of the year. May 2025 is also a pivotal month for the digital banking segment when ABBANK completed the migration of existing customers to the new Digital Banking platform called ABBANK (replacing the old AB Ditizen application). It is expected that the ABBANK digital banking platform for individual customers will be launched and widely introduced to the community in June 2025.

Along with that, from the beginning of 2025, ABBANK demonstrated its determination in pursuing a sustainable development strategy, focusing on the Social pillar (S) through implementing cooperation agreements with organizations and enterprises to accompany the implementation of in-depth CSR initiatives and create long-term impacts for society, including: Vietnam Science and Technology Enterprise Startup Fund (Startup Vietnam Foundation - SVF), VietED Group Joint Stock Company, 315 Health System.

Source: https://baodautu.vn/thay-doi-nguoi-dai-dien-phan-von-gop-cua-maybank-tai-abbank-d298558.html