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At SACOMBANK’s 2025 annual general meeting (AGM), the bank approved strategic resolutions built around three pillars: operational efficiency, brand positioning, and governance. The 2026 plan targets safe, efficient, and sustainable growth, with asset quality at the core.
By 31 December 2026, SACOMBANK projected total assets of VND 1,010,300 billion, up 10%. Total deposits are targeted at VND 921,300 billion, also up 10%. Credit outstanding is expected to reach VND 699,400 billion, up 12%, within the State Bank of Vietnam’s approved limit.
The bank set a pre-tax profit target of VND 8,100 billion, up 6% year-on-year. SACOMBANK also aims to keep the gross non-performing loan (NPL) ratio below 4.5%.
The AGM approved renaming the bank from Saigon Thuong Tin Joint Stock Commercial Bank to Saigon Treasure Joint Stock Bank, with the abbreviation reformatted to SACOMBANK. The change is intended to signal a modern, flexible, customer-friendly identity in a rapidly evolving financial sector.
The meeting also approved relocating the headquarters within Vietnam and authorized the Board to complete related legal procedures.
Based on the nomination list, the AGM approved the appointment of Nguyen Duc Thuy to the Board for the 2022–2026 term. Thuy was born in 1976 and has extensive executive experience across multiple sectors. He had been acting CEO at the bank at end-2025 and was appointed CEO from March 2026.
In the months since taking the CEO role, Thuy has driven restructuring, streamlined the organization, and advanced digital transformation.
The AGM concluded with a focus on transforming the bank with clear objectives and direction. With the stated targets and new development momentum, SACOMBANK said it expects to continue strengthening its position in Vietnam’s banking system and deliver sustainable value for shareholders, customers, partners, and the community.
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