According to published documents, KienlongBank plans to organize the extraordinary general meeting of shareholders in 2025 online. At this meeting, KienlongBank will submit to shareholders a number of important reports and submissions including adjusting the profit distribution plan for 2024; the plan to increase charter capital through issuing shares to pay dividends and amending and supplementing the Bank's operating charter.
At the end of 2024, KienlongBank recorded total pre-tax profit of more than VND 1,112 billion, completing 139% of the plan. In just the first 3 months of 2025, with the right strategy and leadership direction and the joint efforts of the entire system, KienlongBank has brought in 356 billion VND in pre-tax profit, an increase of 66% over the same period in 2024, completing 26% of the annual plan approved by the General Meeting of Shareholders.
Thanks to maintaining a growth rate of two consecutive digits for many periods in the context of many unpredictable fluctuations in the market, KienlongBank has made a strong impression in the private economy and was honored in the Top 50 Best Growing Enterprises in Vietnam - The elite group carefully selected from the Top 500 fastest Growing Enterprises in Vietnam ranking.
In the wave of personnel cuts at many banks, KienlongBank also has plans to streamline the human resources apparatus, improve at least 30% efficiency in 2025; thereby continuing to create space to increase benefits for staff, share costs with customers.
The belief in a prosperous business result and sustainable growth space in the future has also been partly reflected in the fluctuations in KienlongBank's stock price. Up to now, KLB's stock market has recorded an increase of more than 50% compared to the beginning of the year, reaching the highest level in the last 2 years.
The support of shareholders has contributed significantly to KienlongBank's success in the recent period. With the desire to clearly demonstrate the long-term orientation of the Bank's Board of Directors, acknowledge the companionship and commitment to the interests of the Shareholders, KienlongBank plans to submit to the General Meeting of Shareholders to approve the profit distribution plan for 2024.
Accordingly, with the option of dividing dividends in shares to existing shareholders at a rate of 60%, this is a high rate in the Top of the industry and also the highest in KienlongBank's 30-year journey of formation and development.
Accordingly, KienlongBank will increase its charter capital from VND 3,652 billion to VND 5,822 billion. If approved, the entire number of shares will be listed at the stock exchange as planned. KienlongBank will have additional capital, contributing to better meeting the safety indicators in operations according to the regulations of the State Bank.
At the same time, this is also a solid foundation for the Bank to promote the application of technology, expand scale, effectively control risks, improve the Capital Safety Coefficient (CAR) and better meet international governance standards.
Always considering the support of shareholders as a driving force to successfully complete the set goals, KienlongBank has been making efforts every day in building a safe and effective bank for customers; steadfastly accompanying shareholders throughout the development journey.
Ahead is the milestone of 30 years of establishment (October 27, 1995 - October 27, 2025), the action plans in 2025 make an impression and are also a strong affirmation of KienlongBank's readiness to enter a new - modern, transparent and more deeply integrated development stage.
