Saigon Commercial joint Stock Bank for Industry and Trade (Saigonbank) has recently announced that it will hold an extraordinary shareholder meeting on October 4th 2019 at 272 Convention Centre, HCM City.
The list of shareholders was finalised on September 9th 2019.
The meeting aims to elect members of the Board of directors (BOD) and Board of Supervisory (BOS) for the 2019 2024 term and other contents (if any).
The BOD of Saigonbank currently includes four members: Vu Quang Lam, Tran The Truyen, Tran Thi Viet Anh and Tran Sy Dong. In particular, Lam was elected as the bank’s BOD Chair from June 19th 2018 after the former BOD Chair Pham Van Thong resigned his duties because he was no longer the capital contribution representative as authorised by HCM City Party Committee.
Saigonbank’s BOS currently includes Nguyen Huu Hanh, Vu Quynh Mai and Nguyen Dao Phuong Linh.
By the end of June 30th 2019, the total assets of Saigonbank were 21.291 trillion dong, up by 4.5 percent compared to the beginning of the year. The bank’s outstanding loans were 14.181 trillion dong, up by 3.73 percent. Its bad debt ratio was 2.25 percent. In the first six months of the year, Saigonbank’s pre-tax profit declined by 21 percent over the same period of 2018, reaching 88 billion dong.
