VPBank is committed to bringing the greatest benefits to shareholders.

Over the past 5 years, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has oriented to outstanding growth through record-breaking M&A (mergers and acquisitions) deals. In addition, VPBank has also built a comprehensive and differentiated ecosystem, serving the needs of 30 million customers and preparing a solid foundation for the future.

Recently, the 2025 Annual General Meeting of Shareholders of VPBank reviewed and approved important reports, including: Report of the General Director; report of the Board of Directors (BOD), independent members of the BOD; report of the Supervisory Board; audit report of VPBank's separate and consolidated financial statements for the 2024 fiscal year; profit distribution plan for 2024; investment plan, capital contribution to establish subsidiaries, cooperation, joint ventures, associations and other documents.

In order to continue to perfect the management apparatus, ready for the bank's breakthrough period, this year's Annual General Meeting of Shareholders of VPBank elected 8 members of the Board of Directors and 5 members of the Supervisory Board for the 2025-2030 term.

VPBank General Director Nguyen Duc Vinh speaks at VPBank's 2025 Annual General Meeting of Shareholders. Photo: SAO MAI

Assessing the bank's operations in 2024, VPBank's Board of Directors said that, in the face of economic fluctuations and difficulties, the bank has remained steadfast in its proactive and cautious strategy: Striving to find opportunities, expanding and exploiting new and potential customer segments, while simultaneously implementing solutions to control asset quality.

By the end of 2024, VPBank recorded consolidated pre-tax profit of VND 20,013 billion, total assets of VND 923,848 billion, consolidated credit balance of VND 709,986 billion, customer mobilization and valuable papers of VND 552,642 billion. The bad debt ratio according to Circular No. 31/2024/TT-NHNN of the parent bank was 2.47%, completing the plan. VPBank also paid nearly VND 8,000 billion in cash dividends at a rate of 10%.

Based on the foundations consolidated and built in 2024, the Board of Directors submitted to the General Meeting of Shareholders for approval the 2025 business plan with the highlight being a profit of VND 25,270 billion (nearly USD 1 billion), an increase of 26% over the same period in 2024, of which the parent bank contributed VND 22,219 billion, an increase of 22%.

In addition to the profit target, VPBank aims for a 23% increase in total consolidated assets, reaching VND1,130 trillion. The bank builds different business growth scenarios, suitable for actual conditions with the target of 25% credit growth, 34% increase in mobilization; control and improve the quality of the loan and investment portfolio; promote debt collection and settlement. To realize the above goals, VPBank identifies 5 key business strategies in 2025, including: Synchronized growth, effective mobilization, improving asset quality, expanding a differentiated ecosystem and perfecting a solid foundation.

At the General Meeting of Shareholders, VPBank General Director Nguyen Duc Vinh shared: “The Board of Directors is fully confident that 2025 will continue to be a year of both consolidating the foundation system and developing the group. Growth, especially in scale, is the priority this year, creating the premise for VPBank to stand among the largest banks in the market. In 2025, VPBank will maintain 25% growth and prepare the foundation for the growth target of 30-35% in the following years.”

Shareholders also approved the use of nearly VND4,000 billion of undistributed profits to pay cash dividends at a rate of 5% (each share receives VND500 in dividends) in the second or third quarter of this year. This is the third consecutive year VPBank has paid cash dividends, demonstrating its strong financial capacity, reasonable growth strategy and commitment to bring the greatest benefits to shareholders. In addition, the General Meeting of Shareholders agreed on a capital contribution plan to establish a subsidiary in the life insurance sector with an expected charter capital of VND2,000 billion and to contribute capital, receive transfer of capital contributions/purchase shares for a fund management company to become a subsidiary of VPBank.

Source: https://www.qdnd.vn/kinh-te/tai-chinh/vpbank-cam-ket-mang-lai-loi-ich-lon-nhat-cho-co-dong-826719