(BCG)- At the 2nd Annual General Meeting of Shareholders 2021 of Eximbank on February 15, the Board of Directors and Supervisory Board term VII (2020-2025) were elected. The upper management of Eximbank changed dramatically with 6 out of 7 members of the Board of Directors are new. Notably, one of these is Mr. Nguyen Thanh Hung is currently the Vice Chairman of Bamboo Capital.

Other members of the Board of Directors are Ms. Do Ha Phuong, Ms. Luong Thi Cam Tu, Mr. Vo Quang Hien, Mr. Nguyen Hieu, Mr. Le Hong Anh, Mr. Dao Phong Truc Dai, whereas the Supervisory Board for the new term includes Mr. Ngo Tony, Ms. Pham Thi Mai Phuong, Mr. Trinh Bao Quoc.

Mr. Nguyen Thanh Hung has attracted a lot of attention because he is also the Vice Chairman of Bamboo Capital; Executive Vice Chairman of Transport and Industry Development Investment Joint Stock Company (TRACODI, HoSE:TCD); 1st Vice Chairman of BCG Land Joint Stock Company and Chairman of AN GIANG BUILDING MATERIAL EXPLOITING AND PROCESSING Co., Ltd  (Antraco).

Mr. Nguyen Thanh Hung - Vice Chairman of Bamboo Capital has just been elected to the Board of Directors of Eximbank

His appearance as a member of the Board of Directors of Eximbank has drawn investors’ attention to the finance - insurance segment in the ecosystem of Bamboo Capital Group. Recently, Bamboo Capital has rapidly expanded into the financial, insurance sectors with the establishment of BCG Financial, investment in Capital Securities Corporation (CASC), acquisition of AAA Insurance Joint Stock Company.

In addition, Mr. Ngo Tony in the Board of Supervisors of Eximbank, who was just elected, was also recommended by Bamboo Capital. Mr. Ngo Tony used to be a senior expert at Affan Enterprise Co., Ltd. and EZ Accountancy Co., Ltd. from March 2018 to November 2021.

Eximbank's General Meeting of Shareholders announced many important decisions, at the end of fiscal year 2021, Eximbank has cleared all its bad debt at the Viet Nam Asset Management Company (VAMC) and therefore has been eligible to pay dividends. When the audited financial statements were completed at the end of March, the management board submitted proposals to the General Meeting of Shareholders on the profit distribution and capital increase plans in 2022.

However, neither the capital increase nor the profit distribution resolutions was approved by the AGM of Eximbank.

According to the voting results, in addition to the agenda and report on members of the Board of Directors, the Supervisory Board, only five other proposals were approved: proposal concerning authorizing the Board of Directors to alter the financial regulations of Eximbank; proposal for amend the Charter of Eximbank; Proposal for the new internal governance, regulations on organization and operation of the Board of Directors, and proposal for regulations on organization and operation of the Supervisory Board.

Another 26 resolutions were turned down because of the minority approval including the report on the Management, the Board of Directors, the Board of Supervisors; profit distribution plan; operating expenses and remuneration; etc.

In spite of that, the results and decisions of the 2nd AGM 2021 of Eximbank have made shareholders feel somewhat more secure. High-profile members of the Board of Directors such as Mr. Nguyen Thanh Hung, is one of the main reasons for shareholders to expect the development of Eximbank in the coming years.

After the Board of Directors election, they are waiting for a meeting to elect a new Chairman to replace Mr. Yasuhiro Saitoh, the current Chairman. Eximbank shareholders are expecting that after the workplace stability, Eximbank will pay double-digit dividends, which can be cash or shares depending on the State Bank's approval.