Mr. Dang Tat Thang demanded 200 billion and forged documents to defame me

At Sacombank’s General Meeting of Shareholders taking place this morning (April 26), Mr. Duong Cong Minh – Chairman of the Board of Directors of Sacombank – shared frankly when asked by shareholders about the relationship with Ms. Truong My Lan, Chairman of Van Group. Thinh Phat.

“I have nothing to do with Ms. Truong My Lan and Ms. Truong My Lan’s cases. Ms. Lan’s case has been prosecuted. This is a rumor Mr. Thang Dang wrote on Facebook”, Mr. Duong Cong Minh responded to the false information shared by the Facebook account “Thang Dang” (believed to be Mr. Dang Tat Thang, former CEO of Bamboo Airways).

“Is it trustworthy for you to believe that a person forged the decision of the Ministry of Public Security to ban me from leaving the country?” – Mr. Duong Cong Minh asked a question.

Sacombank Chairman also said that he himself is the largest shareholder at Sacombank. The rumors that affect him personally also affect the interests of Sacombank and its shareholders.

“The reason is that when Sacombank lends money to Bamboo Airways, I have to act as an advisor for Bamboo Airways’ credit without losing capital. At that time, Mr. Thang asked for 200 billion VND for himself, but then Mr. Quyet’s family (Trinh Van Quyet) let Mr. Thang retire before the new investor came in. I suggested that Mr. Thang work with a new partner.

If it were related to Ms. Truong My Lan as well as Van Thinh Phat, I would never be able to sit here. I assure you, in every case I turn to the bank, for the bank,” Mr. Duong Cong Minh said.

At Sacombank’s General Meeting of Shareholders, shareholders also approved the profit distribution plan for 2023, in which the bank will continue not to pay dividends in 2023 due to the State Bank’s regulations that Sacombank is in the restructuring stage so it has not yet distributed dividends. ie.

The 2024 profit distribution plan also does not mention dividends to shareholders. Thus, Sacombank will have 9 consecutive years of not paying dividends.

Meanwhile, the accumulated profit left after setting up funds until the end of 2023 is up to 18,387 billion VND, equivalent to the bank’s charter capital (18,852 billion VND).

In 2023, Sacombank will reach VND 9,595 billion in pre-tax profit, an increase of more than 51% compared to the previous year and completing the set plan. The on-balance sheet bad debt ratio is at 2.1%, up 1.18% compared to the beginning of the year.

In 2023, Sacombank will recover and handle VND 7,941 billion of bad debts and outstanding assets. Total provision balance reached VND 25,099 billion, an increase of more than 10%, of which loan provisions increased by 34%.

The General Meeting of Shareholders approved the 2024 plan with the following targets: Pre-tax profit of 10,600 billion VND, an increase of 10% compared to 2023. The target by the end of 2024, total assets are expected to be at 724,100 billion VND, an increase 10%, of which outstanding credit reached VND 535,800 billion, an increase of 11% and will be adjusted in accordance with the allocation limit.

Mobilized capital is expected to be at VND 636,600 billion, 10% higher than the end of last year, while the bad debt ratio is controlled below 2%. Limits and safety ratios comply with the regulations of the State Bank.