We attended BID’s AGM on April 26, 2019. The main agenda was to elect one new Board member, Ms Nguyen Thi Thu Huong (from the SBV), for the term of 2017-2022. The Q&A session mainly focused on the KEB Hana deal, Basel II compliance, asset quality and expected provision charges. 2019 targets include credit growth of 12%, funding growth of 11%, NPL to be kept below 2% and consolidated profit before tax of VND10.3tn/USD442mn (+8.7% YoY). 2018 dividend rate is no less than last year.