At the annual shareholders’ meeting, KienlongBank approved a 24% growth plan with a target of 1.379 trillion VND in pre-tax profit for 2025, also planning to list shares in Q4. In 2024, the bank exceeded its profit target of 1.112 trillion VND, driven by improvements in technology and management. Total assets reached 92.176 trillion VND, with bad debt at only 1.52%. KienlongBank aims to increase its assets to 102 trillion VND and keep bad debt below 3% in 2025. Despite progress, the proposal to increase charter capital was not approved. The bank commits to sustainable development and is applying AI in operations to optimize efficiency. KienlongBank expects a 66% increase in Q1 2025 profit compared to the previous year, showing promising signs from the market.
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