What basis does ABBANK rely on to set a profit growth target of 131% this year to 1.8 trillion?

On April 18, 2025, An Binh Commercial Joint Stock Bank (ABBANK) successfully held its Annual General Meeting of Shareholders, approving the 2025 business plan with a target of 1.8 trillion VND in pre-tax profit, an increase of 131% compared to 2024. Total assets are expected to reach 200 trillion VND, with customer deposit and securities issuance at 115.458 trillion VND. Chairman Dao Manh Khang emphasized strengthening internal capabilities and accelerating digital transformation while focusing on sustainable development. ABBANK aims to enhance customer experience through restructuring its business network and optimizing operational efficiency. In 2025, the bank continues to control bad debt below 3%. The targeted customer growth rate was 7.17% for individual clients and 4.81% for SMEs in 2024. However, ABBANK remains committed to retaining all undistributed profits to strengthen its capital for strategic plans. Governance decisions were also approved during the meeting.