Sacombank officially renamed Saigon Tai Loc Bank

On April 22, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank, HOSE: STB) held the 2026 Annual General Meeting of Shareholders to approve the following contents: Business plan, profit distribution, change of headquarters location, renaming the bank...

At the congress, shareholders approved the renaming of the bank from "Saigon Thuong Tin Bank" to "Saigon Tai Loc Bank".

In addition, shareholders approved the submission to supplement members of the Board of Directors for Mr. Nguyen Duc Thuy, currently General Director of Sacombank, and dismissed Ms. Nguyen Duc Thach Diem as a member of the Board of Directors.Ms. Nguyen Duc Thach Diem has resigned from this position and has also resigned as General Director of the bank from June 2025.

Answering a question that many shareholders are interested in regarding the implementation of the bank's restructuring project until December 31, 2025, Mr. Phan Dinh Tue - Member of the Board of Directors of Sacombank said that the bank has drastically implemented many solutions to complete the Restructuring Project To date, the handling of outstanding financial issues has been basically completed and especially 100% risk provision has been made.One of the final key contents of the Project is the handling of Mr. Tram Be's shares.

The completion of this share will help the bank ensure safety ratios according to the regulations of the State Bank and officially return to normal operation.However, this handling must be approved by the State Bank.

Currently, due to many policy changes, the bank is still waiting for final approval.Specific progress still depends on the decision of the management agency.In 2025, Sacombank achieved 5.939 billion VND of consolidated after-tax profit.

After setting up funds, the bank has 4,770 billion VND left.Plus 25,355 billion VND of consolidated profit retained from previous years, Sacombank has 30,125 billion VND of accumulated consolidated profit retained.The Congress also approved Sacombank's business plan for 2026 with total assets reaching over VND 1.01 million billion, an increase of 10%; outstanding loans reaching VND 699.400 billion, an increase of 12% (or not exceeding the credit growth limit approved by the State Bank).

Total mobilization reached VND 921.300 billion, an increase of 10% and was managed flexibly, in line with actual credit growth.

The on-balance sheet bad debt ratio is controlled below 4.5%.Pre-tax profit reached VND 8,100 billion, an increase of 6%.