AN Binh Commercial Joint Stock Bank (ABBank) is experiencing a breakthrough phase thanks to three key factors: capital increase, exceeding profit targets, and promotion of stock exchange transition. ABBank has been approved to issue over 310 million shares, expected to raise over VND 3.105 trillion, helping to invest in infrastructure and technology. Pre-tax profit reached VND 3.522 trillion, exceeding 200% of the annual plan, along with significant customer mobilization and credit growth, laying the foundation for future growth. The cost/income ratio decreased to 35.09% with an ROE of 18%, approaching leading banks. ABBank aims for a total asset of VND 290 trillion by 2026, profit of VND 4.500 trillion, and non-performing loans below 2%. The bank also aims for listing or transitioning to HOSE/HNX, paving the way for sustainable growth and enhancing enterprise value. CEO Nguyen Quang Huy affirms that the combination of these three factors is a positive sign for ABBank’s development in a competitive environment.
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