According to recently released ABBANK documents, the bank’s foreign strategic shareholder, Maybank, has officially appointed Mr. Syed Ahmad Taufik Albar as its representative for 100% of Maybank’s capital in ABBANK, effective June 5, 2025.
Concurrently, Maybank announced that Mr. Michael Foong Seong Yew is no longer representing Maybank’s capital in ABBANK. As a result, Mr. Foong Seong Yew is no longer a member of ABBANK’s Board of Directors as of June 5, 2025.
 Mr. Syed Ahmad Taufik Albar becomes the representative for 100% of Maybank’s capital contribution in ABBANK.
|
Mr. Syed Ahmad Taufik Albar, born in 1972, was nominated by Maybank and elected as a member of ABBANK’s Board of Directors at the bank’s Annual General Meeting on April 18, 2025. With 27 years of experience, Mr. Albar is an expert in the fields of Accounting, Finance, and Banking. He has held significant positions at Shell Oil Company (Malaysia, Australia), Axiata Telecommunications Group (Malaysia, Cambodia), RHB Bank (Malaysia), and Maybank (Malaysia). Currently, he serves as the Community Financial Services Director at Maybank Group.
Maybank currently holds 16.4% of ABBANK’s chartered capital. As of the end of May 2025, ABBANK recorded nearly VND 1,500 billion in pre-tax profits, with a slight increase in credit compared to the beginning of the year.
Han Dong
– 09:32 07/06/2025
Which Bank is Experiencing the Strongest Profit Growth?
A slew of banks has reported robust profit growth in the first quarter of 2025, with some even announcing profits several times higher than the same period last year.
Profitable ABBank’s Q1 2025: Pre-tax profit soars to 2.2 times the same period last year
The recently released consolidated financial statements for the first quarter of 2025 reveal that An Binh Joint Stock Commercial Bank (ABBank, UPCoM: ABB) reported a remarkable pre-tax profit of VND 416 billion, reflecting a significant 2.2-fold increase compared to the same period last year.
“Chairman Dao Manh Khang: NPL Management is ABBank’s Bright Spot, 1st Quarter Profit Reaches VND 400 Billion”
On April 18, 2024, An Binh Joint Stock Commercial Bank (ABBank) held its Annual General Meeting for 2025 to present its business plan, profit distribution, and elect new members to its Board of Directors.
Does Low Interest Rates Affect Banks’ Business Plans?
The impact of low-interest rates on the banking sector is undeniable, and the first half of 2025 will be a critical period. The varying strategies, business models, and adaptive capabilities of banks will determine the extent of the impact, with some feeling the pinch more than others. It’s a time of strategic adaptation and a test of resilience for the industry.
The Real Estate Shark’s Profit Soars: A VN30 Enterprise’s Q4/2024 Financial Statement Revelations
After a thorough review of the financial statements, it is apparent that HNG incurred a substantial net loss of nearly VND 731 billion in the last quarter of 2024, marking a decline from the corresponding period in 2023, where the loss amounted to over VND 652 billion.
