Strategic foreign shareholder Maybank has authorized Syed Ahmad Taufik Albar as its 100% capital representative at ABBANK from June 5, 2025, replacing Michael Foong Seong Yew, who will no longer serve as a board member from that date. Syed Ahmad, born in 1972, has 27 years of experience in finance and banking, having worked at major corporations. Maybank currently owns 16.4% of ABBANK and has been a partner since 2008. In the first five months of the year, ABBANK recorded nearly 1.5 trillion VND in pre-tax profit and is undergoing significant digital transformation, with a new digital banking platform expected to be introduced in June 2025.
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