Discussing a plan to receive a compulsory transfer of a credit institution, with a profit target of over 20,000 billion VND
Target profit exceeding 20,000 billion VND
According to the report at the meeting, in 2022, the bank expects total assets to increase by 15% to 700,000 billion dong. Charter capital increased 24% to 46,882 billion dong. Credit balance increased about 16% to 472.6 trillion dong and according to the room limit assigned by the State Bank.
MB targets pre-tax profit of 20,300 billion dong, up 23% compared to 2021. In case of difficult macroeconomic situation GDP<5%, CPI>5%, the bank expects profit to reach 19,000 billion dong, up 15%.
The bank also aims to increase the operational efficiency of member companies, increasing the proportion of contribution to the company’s profits by 2-3%. Increase cross-selling capacity within the group. At the same time, MB wants to attract 2.5-3 million new retail customers in 2022, continue to raise demand deposit ratio (CASA).
MB’s Board of Directors said that the bank’s strategic financial targets for growth were higher than the industry average with the expected revenue and profit in 2026 being 2.5 to 3 times higher than in 2021 according to flexible scenarios. suitable for practical conditions.
Want to receive a forced transfer of a credit institution
Notably, the bank will submit to shareholders for approval of the compulsory transfer of a credit institution.
Accordingly, MB undertakes to accept the compulsory transfer of a credit institution in line with the policy of the Government and the State Bank in order to restructure weak commercial banks, and healthy the banking industry’s operations in a safe direction. sustainable, on the basis of voluntary proposals from MB and in accordance with the law.
Pursuant to the Law on Credit Institutions, after MB receives the compulsory transfer of the credit institution, MB becomes the owner of 100% of the charter capital of the compulsory transferred credit institution; The compulsory transferred credit institution is a legal entity independent of MB.
MB is entitled to a number of rights and benefits as prescribed by law such as: MB is not required to consolidate financial statements of credit institutions that are transferred compulsorily; MB is excluded from compulsory transfer of credit institutions when calculating the consolidated capital adequacy ratio; the capital contribution to the credit institution that is transferred is not required to make provision for devaluation of investments and is excluded when calculating the limit on capital contribution and share purchase of MB; MB and credit institutions subject to compulsory transfer may apply support measures according to the approved compulsory transfer plan.
The forced transfer of a credit institution gives MB the opportunity to grow in scale 1.5~2 times higher than the average market growth in the long term, improving its competitive ranking and having more room to grow. new chief.
Plan to increase charter capital to nearly 47,000 billion VND
Another important content that will be presented to shareholders is the plan to increase charter capital from VND 37,783 billion to VND 46,882 billion, an increase of nearly 9,100 billion VND.
Specifically, the bank will continue to implement the plan to increase charter capital by VND 892.4 billion approved by the General Meeting of Shareholders in 2021. In which, it will issue 70 million shares to Viettel individually, issuing 19 shares. .24 million shares of ESOP.
MB will also implement a plan to increase new charter capital in 2022. Accordingly, MB will increase charter capital by VND 7,556 billion by issuing 755.6 million shares to pay dividends, equivalent to 20%.
Next, the bank will offer a new private placement of 65 million shares. The asking price is negotiable, not lower than the book value. Time to conduct the offering in 2022 and 2023.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
