In 2017, ABBank earned 604 billion dong pre-tax profit, up 110 percent from 2016, exceeding 34 percent of the entire year plan. The bank’s mobilisation growth reached 17.8%, compared to 15.4 percent of credit growth. The total assets as of December 31, 2018 touched 87.724 trillion dong, up 14 percent from the end of 2016.
Last year, the bank’s individual customers touched hit more than 766,000 people, up 15%; SME customers were 21,914 units, up 10%; corporate customers were 2,740 units, up 36.3 percent from 2016.
Regarding the 2017 dividend pay-out ratio, ABBank expects to pay shareholders at 7.4%, including the dividend pay-out ratio at 3.7 percent in cash and 3.7 percent in shares.
In this year’s meeting, shareholders will elect personnel for the management board and control board for the new term 2018-2022 with eight expected board members, including two independent members; three control board members, including two specialised ones. So, compared to the previous term, the number of members in the management board and control board does not change this time. However, this may not be the last resort.
In addition, this year’s AGM will also discuss ABBank’s share listing in the near future.
