Results tabled and BoM positions voted upon.
The National Citizen Bank (NCB) organized its 2015 Annual General Meeting (AGM) on April 24.
The Board of Management 2015-2020 was voted upon, with Mr. Vu Hong Nam remaining as Chairman of the Board and Ms. Tran Hai Anh, Ms. Dang Thi Xuan Hong, and Ms. Nguyen Thi Mai becoming members of the board.
The report presented to the AGM revealed that capital mobilized by the bank increased 29.89 per cent and outstanding credit rose 35.74 per cent compared to 2013. Non-performing loans fell 58 percentage points, to 2.52 per cent, while profit from operating activities stood at VND59 billion ($2.73 million).
In 2015 NCB targets profit from operating activities of VND236 billion ($10.29 million), total assets to stand at VND45.05 trillion ($2.08 billion), total capital mobilized of VND41.16 billion (1.90 million), and outstanding credit to be at VND24.08 billion ($1.11 million), with non-performing loans to be managed at less than 3 per cent.
NCB leaders committed to shareholders that the bank would re-organize its processes but still obey regulations on safety ratios in operations and respond flexibly to the economic situation.
In the past two years NCB has implemented a number of projects, including changing its brand identity, building strategic products, upgrading its systems, expanding its retail banking network, enhancing service quality, investing in technology, handling bad debts, completing management systems in accordance with international standards, and focusing on staff training, the meeting was told.