Article 49 of the Law on Credit Institutions stipulates the public disclosure of information regarding shareholders owning 1% or more of a credit institution’s charter capital. In compliance with this regulation, BVBank discloses the list of shareholders owning 1% or more of its charter capital as of July 30, 2024, based on the information provided by the shareholders to the bank.
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Shareholder structure of BVB as of July 30, 2024
Source: BVB
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According to this list, BVBank does not have any institutional shareholders owning 1% or more of its charter capital. Instead, there are nine individual shareholders holding a total of nearly 17.8%, and they are all leaders of the bank. If related parties are included, the leaders of BVBank own nearly 20% of the bank’s capital.
Portrait of Nguyen Thanh Phuong – Vice Chairwoman of BVBank’s Board of Directors
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With a shareholding ratio of nearly 4.56% (nearly 23 million shares), Vice Chairwoman Nguyen Thanh Phuong is the largest individual shareholder among the disclosed 1% owners of the bank.
Ranking second in BVBank ownership is Ngo Quang Trung, Member of the Board of Directors and General Director, with over 3.12%, equivalent to nearly 16 million shares. In third place is Le Anh Tai, Chairman of the Board of Directors, with a 2.86% stake. Meanwhile, Nguyen Nhat Nam, Member of the Board of Directors, holds nearly 1%, and his related parties hold over 1%.
In addition, four Deputy General Directors: Le Van Be Muoi, Van Thanh Khanh Linh, Phan Viet Hai, and Nguyen Thanh Tu, each own between 1% and 1.5% of the bank’s shares. Related parties of Mr. Tu also hold 0.76% of the capital.
Moreover, Ly Cong Nha, Director of Finance and Chief Accountant of BVBank, holds over 1% of the capital, equivalent to more than 5 million BVB shares.
Comparing this list to the publicly disclosed ownership in the semi-annual management report of 2021, Ms. Phuong’s shareholding ratio in BVBank has not changed significantly. As of June 30, 2021, she held 4.45%, corresponding to over 16.3 million BVB shares.
Before establishing this bank, which bears her name, Ms. Phuong served as Deputy Chief Financial Officer of Holcim Vietnam, a joint venture under the Swiss multinational company Holcim, one of the largest foreign investors in Vietnam at that time. Additionally, she was the Investment Director of Vietnam Holding Fund.
Ms. Phuong holds a Bachelor’s degree in Finance and Banking from the National Economics University in Hanoi. She has also completed a Master’s program in Financial Management at the International University in Geneva, Switzerland.
She joined the Board of Directors of the Bank in 2011 and served as Chairwoman from early 2012 to April 2013. Her successor as Chairman is Le Anh Tai.
Apart from her roles at the Bank, Ms. Nguyen Thanh Phuong is a co-founder of Viet Capital Asset Management and Viet Capital Securities. She has been serving as the Chairwoman of these two companies since 2007. Furthermore, she is a member of the Board of Directors of Viet Capital Real Estate JSC, Good Day Hospitality JSC, and Phoenix Holdings LLC.
Phoenix Holdings is a diversified investment company with interests in finance, technology, retail, and consumer sectors, currently holding a charter capital of VND 600 billion.
