Bamboo Capital-related company withdraws from holding more than 1% of Eximbank's capital.

The remaining four shareholders of Eximbank did not change their ownership percentages compared to the report dated July 1st. These shareholders own 185.3 million shares of Eximbank, equivalent to 10.6% of Eximbank's charter capital as of August 6th. Specifically, Gelex Group Joint Stock Company holds 85.5 million shares, equivalent to 4.9% of the capital; in addition, there are two other institutional shareholders: VIX Securities Joint Stock Company owns 62.3 million shares, equivalent to 3.58% of the capital; and two individual shareholders: Ms. Luong Thi Cam Tu, Vice Chairman of the Board of Directors of Eximbank, holds 19.5 million shares, equivalent to 1.12% of the capital, and Ms. Le Thi Mai Loan, former Member of the Board of Directors, owns 17.9 million EIB shares, equivalent to 1.03% of the capital.

Eximbank has just released its consolidated financial report for the second quarter of 2024, showing a fairly positive recovery compared to the same period last year. Specifically, in the second quarter of 2024, Eximbank recorded net interest income of nearly VND 1,512 billion, an increase of 38%. Conversely, non-interest income decreased: foreign exchange trading decreased by 33%, and securities trading activities resulted in a loss of VND 5 billion. Net profit from other activities exceeded VND 213 billion, three times higher than the same period last year.

However, operating expenses also increased by 21% to VND 934 billion, resulting in a net profit of nearly VND 1,034 billion, a 45% increase. Eximbank allocated nearly VND 221 billion for credit risk provisions, a 24% increase. As a result, the bank recorded a pre-tax profit of over VND 813 billion in the second quarter of 2024, a 52% increase compared to the same period last year.

In the first six months of the year, Eximbank recorded over VND 1,474 billion in pre-tax profit, a 5% increase compared to the same period last year. However, compared to the planned pre-tax profit of VND 5,180 billion for the whole year 2024, Eximbank has only achieved 28% of its target after half a year.

As of the end of Q2/2024, Eximbank's total assets increased by 5% compared to the beginning of the year, reaching VND 211,999 billion. Of this, deposits at the State Bank of Vietnam increased by 38% to VND 5,599 billion, deposits at other credit institutions decreased by 27% to VND 31,542 billion, and loans to customers increased by 8% to VND 151,327 billion.

Total non-performing loans as of June 30, 2024, amounted to VND 4,002 billion, an increase of 7% compared to the beginning of the year. Notably, substandard and doubtful loans shifted to loans with a high risk of default. However, the non-performing loan ratio decreased slightly from 2.65% at the beginning of the year to 2.64%.

At the end of May 2024, Eximbank's Board of Directors announced a resolution on implementing a plan to pay cash dividends at a rate of 3% and issue shares to pay dividends at a rate of 7%. In total, Eximbank will pay dividends at a rate of 10% this year.