(NLDO) – In October 2024, the State Bank announced the decision to compulsorily transfer CBBank to Vietcombank according to the plan approved by the Government.
On the evening of January 16, the Board of Directors (BOD) of Vietcombank passed a resolution approving the appointment of Mr. Nguyen Van Tuan as Deputy General Director of the bank.
Mr. Tuan is Chairman of the Board of Members of Vietnam Construction Bank Limited (CBBank), appointed as Deputy General Director of Vietcombank for a term of 5 years.
Previously, from March 2015, Mr. Nguyen Van Tuan, former Deputy General Director of Vietcombank, was appointed Chairman of VNCB (currently CBBank) when this bank converted its model from a joint stock bank to a single-member LLC, owned by the state.
At that time, Vietcombank was required by the State Bank to participate in the management and operation of CBBank's restructuring process.
Mr. Nguyen Van Tuan returns to work as Deputy General Director of Vietcombank after 10 years.
Thus, after 10 years of leaving Vietcombank to participate in restructuring and stabilizing CBBank's operations, Mr. Tuan officially returned to the position of Deputy General Director at this bank.
In October 2024, the State Bank announced the decision to compulsorily transfer CBBank to Vietcombank according to the plan approved by the Government . Compulsory transfer is one of the plans to restore credit institutions in difficulty, according to the provisions of the Law on Credit Institutions.
Regarding Vietcombank's operations, the bank's Board of Directors has just announced a resolution approving the increase in charter capital through the issuance of shares to pay dividends. According to the plan, Vietcombank will issue nearly 2.77 billion shares at a 49.5% issuance rate to shareholders on the list at the time of record. The total expected issuance value is VND27,666 billion.
CBBank officially transferred to Vietcombank from October 2024
After dividend payment, Vietcombank's charter capital will increase to VND83,557 billion.
Previously, at the 8th session of the 15th National Assembly , the National Assembly approved the policy of investing additional state capital to maintain the state capital contribution ratio at Vietcombank with an amount of more than VND 20,695 billion from stock dividends distributed to state shareholders from the remaining accumulated profits up to the end of 2018 and the remaining profits in 2021 of the bank.
Vietcombank's stock price ended on January 16 at VND92,700, up 1.42% from the previous session.
Source: https://nld.com.vn/chu-tich-cbbank-quay-ve-lam-pho-tong-giam-doc-vietcombank-196250116184156238.htm
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