BID - 2019 setting up to be formative year for BIDV - AGM Note
  • 2019-04-26T22:14:53
  • Company Research
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.