The meeting approved many important contents such as: Summary report on activities of the Board of Directors for the period 2017-2021, orientations 2022-2027, focus 2022; Report on business results in 2021, plan for 2022; Report on the performance of the Supervisory Board in 2021, with a focus on 2022; Electing members of the Board of Directors and Supervisory Board of BIDV for the term 2022-2027…
The General Meeting agreed on the report for the 2017-2022 term of BIDV’s Board of Directors. During the tenure, BIDV’s Board of Directors directed the whole system to comprehensively and synchronously complete the annual business plan targets assigned by the General Meeting of Shareholders and successfully implemented the restructuring plan associated with bad debt settlement in the 2016 period. 2020.
BIDV’s total assets grew steadily over the years, by December 31, 2021, reaching VND 1,761,696 billion, 1.75 times higher than that of December 31, 2016, an average growth of 11.85% per year. period 2017-2021, is the joint stock commercial bank with the largest total assets in Vietnam.
Mobilizing capital fully meets the needs of capital use, ensuring the safety of system liquidity. By December 31, 2021, the total mobilized capital reached VND 1,641,777 billion, 1.75 times higher than that of December 31, 2016; in which, mobilization of capital from organizations and individuals reached VND 1,509,483 billion, 1.89 times higher, an average growth of 13.61%/year in the period 2017-2021, accounting for an average of 11% of the global deposit market share. branch.
Credit balance has grown quite well, complying with the credit limit assigned by the State Bank, focusing on production areas, priority areas according to the policy of the Government, the direction of the State Bank and the orientation of BIDV.
As of December 31, 2021, the total outstanding loans of credit and investment reached VND 1,677.310 billion, 1.76 times higher than that of December 31, 2016; In which, credit balance of economic organizations and residents reached VND 1,368,029 billion, 1.82 times higher, an average growth of 12.73%/year for 5 years, accounting for over 13% of the credit market share of the whole industry. , leading the market in terms of credit market share.
Credit quality is strictly controlled: The bad debt ratio as of December 31, 2021 was at 0.82%, controlled in accordance with the targets assigned by the State Bank and the annual General Meeting of Shareholders; Making annual risk provisions according to regulations, in which, in 2021, 100% of the DPRR will be fully deducted for the structured loan balance according to Circulars 01/03/14 of the SBV, 2 years earlier than the request of the SBV; The ratio of bad debt coverage for commercial banks alone as of December 31, 2021 reached 235%.
Consolidated revenue and expenditure difference in the period 2017-2021 will grow at an average rate of 20.5%/year, reaching 43,029 billion dong in 2021, 2.54 times higher than 2016. Consolidated pre-tax profit growth on average 11.9%/year, in 2021 it will reach 13,548 billion VND, an increase of 50.1% compared to 2020 and 1.76 times higher than 2016.
The Bank fully and timely complied with its obligations to the State budget. In the period 2017-2021, it paid more than VND 28 trillion (VND 5,169 billion in 2021). State capital at BIDV was preserved and developed, as of December 31, 2021, reached VND 69,918 billion, an increase of 66.4% compared to December 31, 2016.
From 2017-2021, BIDV pays cash dividends to shareholders with a total value of more than 11,200 billion VND; BIDV’s market capitalization in 2021 will reach VND 187.2 trillion ($8.14 billion), ranking sixth on the Vietnamese stock market.
In the period of 2017-2021, the Board of Directors closely directed the implementation of capital increase measures with important results: In 2019, successfully issued shares to strategic partner Hana Bank, raising the charter capital of BIDV from 34,187 billion VND to 40,220 billion VND.
In 2021, increasing capital through stock dividend will bring BIDV’s charter capital to VND 50,585 billion. The term 2017-2022 of BIDV’s Board of Directors completed the implementation and led the whole system to seriously implement the Party’s guidelines and guidelines, the State’s legal policies, the direction and orientation of the Government, the State Bank, and the State Bank of Vietnam. continued to contribute to maintaining macroeconomic stability, controlling inflation, stabilizing the money market, making a significant contribution to the overall achievements of the country.
The meeting unanimously elects BIDV’s Board of Directors for the term 2022-2027 including 10 members: Mr. Phan Duc Tu, Mr. Le Ngoc Lam, Ms. Nguyen Thi Thu Huong, Mr. Tran Xuan Hoang, Ms. Phan Thi Chinh, Mr. Ngo Van Dung Mr. Pham Quang Tung, Mr. Le Kim Hoa, Mr. Yoo Je Bong (representative of Hana Bank), Mr. Nguyen Van Thanh (independent member of the Board of Directors). The meeting also unanimously elected to elect a Supervisory Board consisting of 3 members: Ms. Vo Bich Ha, Mr. Cao Cu Tri, and Ms. Nguyen Thi Thu Ha.
At the first meeting of BIDV’s Board of Directors for the term 2022 – 2027, the Board of Directors unanimously elected Mr. Phan Duc Tu to hold the position of Chairman of BIDV’s Board of Directors for the term 2022-2027 and decided to appoint Mr. Le Ngoc Lam – Member of the Board of Directors of BIDV for the term 2022-2027. 2022-2027 continues to hold the position of General Director of BIDV.
At the first meeting of the Supervisory Board for the term 2022-2027, the Supervisory Board unanimously elected Ms. Vo Bich Ha to hold the position of Head of BIDV’s Supervisory Board for the 2022-2027 term.
By the end of the first quarter of 2022, BIDV’s business results were very positive, following the set plan: Total assets reached over VND 1.85 million billion, an increase of 5% compared to the beginning of the year; Credit outstanding balance reached 1.43 million billion dong, up 4.7%; Capital mobilization reached VND 1.53 million billion, up 1.3%; NPL ratio according to Circular 11 is controlled at 0.8%; NPL ratio is over 277%; Profit before tax reached 4,513 billion dong, up 33% over the same period.
Determining the action motto “Discipline – Efficiency – Digital Transformation”, BIDV aims to complete the business plan in 2022 with key targets such as: Credit balance growth in compliance with SBV limits deliver; Mobilizing capital in line with credit growth, ensuring LDR ≤85% as prescribed, 10% expected; Profit before tax of commercial banks alone reached VND 20,000 billion, consolidated VND 20,600 billion.
BIDV also determined to direct the entire system to make the best efforts and determination to complete key tasks in 2022 such as: anticipating the development of the COVID-19 epidemic to take appropriate, safe and flexible epidemic prevention measures. active, creative; continue to improve financial capacity; safe and effective credit growth; ensure a reasonable structure of liabilities – assets; accelerate the implementation of comprehensive digital transformation; Strengthening credit quality control; improve and promote the operation of subsidiaries and associated companies; improve the quality of human resources; strengthen inspection, supervision, internal audit and warning work; implement the plan to change BIDV’s brand identity according to the roadmap, continue to perfect and practice corporate culture…
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