In the trading session on April 21, the most notable bluechip stock was STB of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), although losing its purple color at the end of the session, it still increased sharply by 5.5% to 67,700 VND, matching more than 14.1 million units.
This development appears in the context that Sacombank has just updated the documents of the 2026 Annual General Meeting of Shareholders (AGM) with a series of notable changes.
Accordingly, Sacombank's Board of Directors decided to abolish submission No. 25/2026/TT-HĐQT dated March 18, 2026 on requesting an extension of the Post-merger Restructuring Project of Saigon Thuong Tin Commercial Joint Stock Bank; submission No. 26/2026/TT-HĐQT dated March 18, 2026 on approving a number of other contents under the authority of the General Meeting of Shareholders.
Previously, according to the submission, bank leaders said that although the bank has made efforts to implement solutions according to the Project, in the process of implementation, there are still some contents that cannot be completed according to the set schedule, mainly due to the work of handling and recovering bad debts, handling collateral assets of outstanding debts still facing many difficulties due to dependence on the legal process. Some collateral assets have complex legal status, requiring more time to complete procedures.
Thoroughly overcoming the shortcomings according to the inspection conclusion needs to be linked to the process of consolidating the management system, professional processes and organizational structure.
Sacombank's 2026 Annual General Meeting of Shareholders will be held in Phu Tho on April 22 and will also approve many important contents. In particular, the bank will conduct additional elections of members of the Board of Directors for the term 2022 - 2026.
On April 21, Sacombank announced a proposal to supplement members of the Board of Directors for the 2022-2026 term with the candidate being Mr. Nguyen Duc Thuy - General Director of this bank.
Mr. Nguyen Duc Thuy (born 1976, from Ninh Binh) graduated from Colorado State University (USA). He is a businessman with many years of management experience and has participated in management at many large enterprises in the fields of investment, finance, energy and tourism.
At the end of December 2025, Mr. Nguyen Duc Thuy ended his term at LPBank and joined Sacombank as Acting General Director. From the beginning of March 2026 to now, Mr. Thuy has officially become General Director of this bank.
In addition, the bank will also dismiss Ms. Nguyen Duc Thach Diem from the Board of Directors. Ms. Diem had previously submitted a resignation letter from this position and also resigned as General Director of the bank from August 2025. Currently, Sacombank's Board of Directors has 7 members. Mr. Duong Cong Minh is currently Chairman of the Board of Directors.
Sacombank continues to maintain its plan to submit to shareholders for approval to change the bank's name. The bank plans to change its name from "Saigon Thuong Tin Commercial Joint Stock Bank" to "Saigon Tai Loc Commercial Joint Stock Bank". Vietnamese abbreviations changed from "Saigon Thuong Tin Bank" to "Saigon Tai Loc Bank".
Sacombank sets a pre-tax profit target of 8,100 billion VND in 2026, an increase of 6.2% compared to the results in 2025. Total assets are expected to increase by 10.2%, thereby bringing the asset scale beyond the 1 million billion VND mark.
The bank also set a credit balance target of 699.400 billion VND (up 11.7% or according to the credit growth limit assigned by the State Bank), total mobilized capital reaching 921.300 billion VND (up 10.2%). Sacombank sets a target to control the on-balance sheet bad debt ratio to below 5%.
These are also considered cautious growth targets compared to previous years, prioritizing balancing between development goals and ensuring system safety, while truthfully reflecting the challenges that banks have faced in the past period.
At the end of 2025, Sacombank recorded consolidated pre-tax profit of 7.628 billion VND, equivalent to 52% of the annual plan. In the fourth quarter of 2025 alone, the bank recorded a loss of more than 3,300 billion VND, mainly due to a sharp increase in provision expenses. As of the end of 2025, Sacombank's bad debt ratio on customer loans was at a high level of 6.41%.
