ACBS Holds Over 29.85 Million Shares of VIB

On February 28, International Commercial Bank (VIB) announced that ACB Securities Company (ACBS) holds over 29.85 million shares of VIB, accounting for 1.002% of the charter capital. The total ownership ratio of ACBS and its related parties is 1.035%, equivalent to more than 30.85 million shares. Earlier, VIB disclosed a list of 18 major shareholders, with Chairman Dang Khac Vy holding 125 million shares, equivalent to 4.949% of the capital. By the end of 2024, VIB recorded a pre-tax profit down 16% to 9,004 billion VND, achieving 75% of the annual plan. The bank’s total assets increased by 20% to 493,158 billion VND, with bad debts at 11,374 billion VND, up 36%. While debts in groups 3 and 4 decreased, group 5 debts rose by 191%. VIB’s shares traded at 20,750 VND/share, up 5.3% from January 2025.