2025 Annual General Meeting of Shareholders: A transformative milestone for SACOMBANK

Overview of SACOMBANK’s 2025 Annual General Meeting of Shareholders

Key Targets for 2026

The General Meeting approved the 2026 business plan with a focus on safe, effective, and sustainable growth, placing strong emphasis on asset quality. According to the plan: Total assets are projected to reach VND 1,010,300 billion by December 31, 2026 (up 10%); total customer deposits are expected to reach VND 921,300 billion (up 10%); outstanding loans are targeted at VND 699,400 billion (up 12%, or in line with the limit approved by the State Bank of Vietnam); profit before tax is targeted at VND 8,100 billion (up 6% compared to the previous year). In addition to the growth roadmap, SACOMBANK aims to keep the on-balance-sheet non-performing loan ratio below 4.5%. These targets are considered appropriate for the Bank’s internal conditions and reflect a strong commitment to substantive and sustainable development.

Presidium of the General Meeting

Brand repositioning and leadership strengthening

Alongside the financial targets, the General Meeting approved the change of the Bank’s official name from Saigon Thuong Tin Commercial Joint Stock Bank to Saigon Treasure Commercial Joint Stock Bank. The Bank’s brand name has also been updated from Sacombank to SACOMBANK with a bolder, more decisive, and memorable design. This is not merely a change in visual identity, but also reflects a new, more modern, flexible, and customer-centric direction as the financial industry undergoes rapid transformation. The General Meeting also approved the plan to relocate the Bank’s head office to a new location within Vietnam to better accommodate its growing scale and long-term vision, and authorized the Board of Directors to carry out all necessary legal procedures.

SACOMBANK shareholders participating in voting at the General Meeting

Most importantly, based on the nomination list, the General Meeting approved the election of Mr. Nguyễn Đức Thụy as a new member of the Board of Directors for the 2022–2026 term.

Mr. Nguyễn Đức Thụy (born in 1976) is a seasoned executive with many years of experience in multi-sector businesses. He is a familiar figure at SACOMBANK, having been appointed Acting CEO at the end of 2025 and officially CEO from March 2026. In just a few months since joining SACOMBANK, Mr. Thụy has decisively implemented restructuring programs, streamlined the organizational structure, built a modern governance foundation, and accelerated digital transformation.

Shareholders casting votes at the General Meeting

The strengthening of the senior leadership team is particularly crucial at this time, as SACOMBANK is simultaneously carrying out major strategies in organizational restructuring, operational model transformation, and the expansion of its product and service ecosystem. The newly elected board member is expected to bring practical experience and strategic vision to effectively lead the Bank in executing the targets approved by the General Meeting.

The 2025 Annual General Meeting of Shareholders of SACOMBANK concluded with the clear determination of a bank undergoing a purposeful transformation. This transformation is not limited to brand image alone, but also encompasses management mindset, as well as a dynamic, proactive, and energetic working spirit. Combining a solid foundation honed over many years with a new drive for development, SACOMBANK is expected to further consolidate its leading position in Vietnam’s commercial banking system, while creating sustainable value and maximizing benefits for shareholders, customers, partners, and the community.