KienlongBank (UpCOM: KLB) is planning an extraordinary general meeting this year to proactively comply with the Law on Credit Institutions of 2024.
The record date for existing shareholders to exercise their rights to nominate, nominate and attend the 2024 extraordinary general meeting of KienlongBank is August 26, 2024.
According to the disclosed information, KienlongBank plans to hold the extraordinary general meeting in October 2024 in an online format to present to shareholders the regulations on the Organization and Operation of the Board of Directors, the Supervisory Board, the internal governance regulations of KienlongBank and other related contents. At this extraordinary general meeting, KienlongBank will also change the structure and number of members, and elect additional independent members to the Board of Directors and the Supervisory Board for the 2023-2027 term.
The change in structure and personnel addition aims to strengthen and enhance KienlongBank’s supervision and governance capabilities in line with the Law on Credit Institutions of 2024, which has taken effect.
According to the information released by the Bank, Ms. Tran Thi Thu Hang will step down from her position as Chairwoman of the Board of Directors from July 9, 2024, due to personal reasons. Ms. Hang will continue her work at KienlongBank as a member of the Board of Directors, contributing to the strategic orientation of the Bank. As decided by the Board of Directors, Mr. Tran Ngoc Minh, Vice Chairman of the Board of Directors and General Director, has been elected as the new Chairman of the Board of Directors of KienlongBank. On the same day, the Board of Directors also assigned Mr. Tran Hong Minh, Deputy General Director, to act as the Acting General Director.
During Ms. Tran Thi Thu Hang’s leadership, KienlongBank underwent significant transformations and made a strong impression in strategic orientation and building a solid governance foundation for the Bank. KienlongBank’s business performance witnessed robust growth.
Previously, on April 26, 2024, KienlongBank successfully held its 2024 Annual General Meeting. The meeting also agreed on key business targets for 2024, with total assets expected to reach VND 90,000 billion. Credit growth is expected to reach VND 60,000 billion. Pre-tax profit is projected at VND 800 billion. The non-performing loan ratio is maintained below 3%.
As of the first quarter of 2024, KienlongBank recorded a pre-tax profit of nearly VND 213 billion, resulting in an after-tax profit of VND 171 billion. With these results, the Bank has accomplished 27% of the plan for the year, as set at the 2024 Annual General Meeting.
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