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".

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.