VPBank boasts 13 individual, 4 institutional shareholders owning at least 1% of charter capital
Vietnam’s leading private lender VPBank had 13 individual and four institutional shareholders with ownership ratios of 1% or higher as of July 19, 2024, according to the bank.
They hold a total of nearly 5.1 billion shares, equivalent to 64.2% of its charter capital.
The individual shareholders include chairman Ngo Chi Dung (328.5 million shares or 4.141%), Dung's wife Hoang Anh Minh (326.8 million shares or 4.118%), and Dung's mother Vu Thi Quyen (325.9 million shares or 4.107%).
In total, Dung and related people own 33.648% of VPBank, much higher than the 13.17% recorded at the end of 2023, according to VPBank's management report. This is attributed to the new Law on Credit Institutions, which expands the definition of "related people".
At a transaction office of VPBank. Photo courtesy of the lender.
Vice chairman Bui Hai Quan holds 156.3 million shares, equivalent to 1.97%, and his wife Kim Ngoc Cam Ly, 286.6 million shares or 3.61%.
Vice chairman Lo Bang Giang’s mother Ly Thi Thu Ha owns 282.1 million shares, equivalent to 3.61% of the charter capital, and his wife Nguyen Thu Thuy has 203.3 million shares or 2.56%. Giang holds less than 1% and does not appear on the list.
CEO Nguyen Duc Vinh owns 104.9 million shares, equivalent to 1.32% of the charter capital. According to the report, the total number of shares held by Vinh and related people is equal to 2.88% of VPBank's capital.
Notably, this list also features a number of names that do not appear on the board of directors, executive board or supervisory board, including Tran Ngoc Trung (305.1 million shares or 3.85%), Tran Ngoc Lan (309.8 million shares or 3.9%), Le Viet Anh (280 million shares or 3.53%), Le Minh Anh (214.7 million shares or 2.71%), and Nguyen Manh Cuong (111.8 million shares or 1.45%).
According to calculations, individual shareholders own 3.24 billion shares, or 40.8% of VPBank's charter capital.
Meanwhile, the largest institutional shareholder is Sumitomo Mitsui Banking Corporation - a strategic shareholder of VPBank, holding nearly 1.2 billion shares, or 15% of the bank's charter capital.
DIERA Joint Stock Company (related to VPBank's chairman) owns 348.8 million shares, or 4.39%.
In addition, two investment funds, namely Composite Capital Master Fund and Vietnam Enterprise Investments, hold 2.73% and 1.28%, respectively.
VPBank, listed on the Ho Chi Minh Stock Exchange (HoSE) as VPB, closed Wednesday at VND18,500 ($0.73) per share.
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