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Immediately after the annual general meeting held this morning, 22 April 2026, Sacombank’s Board of Directors approved a series of decisions aimed at strengthening the bank’s leadership and execution of its 2026 strategy.
The Board unanimously appointed Mr. Nguyen Duc Thuy as Acting Chair of the Board, with responsibility for strategic direction, senior governance, and the bank’s long-term development. Thuy was also officially elected by shareholders earlier the same day as a member of the Board for the 2022–2026 term.
During the AGM, Sacombank approved changes to its corporate identity. The bank will be renamed from Saigon Thuong Tin Joint Stock Commercial Bank to Saigon Tai Loc Joint Stock Bank. The bank’s abbreviation will be standardized from Sacombank to SACOMBANK.
The Board also approved Sacombank’s 2026 business plan, setting the following targets by 31 December 2026:
As part of the plan, Sacombank aims to keep the on-balance sheet NPL ratio below 4.5%.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
