A VPBank leader plans to spend hundreds of billions of dong to buy 30 million VPB shares

With VPB's stock price closing on February 3 at VND18,500/share, Ms. Pham Thi Nhung - Member of the Board of Directors (BOD) and Permanent Deputy General Director of VPBank estimated that VND555 billion would be needed.

With VPB's stock price closing on February 3 at VND18,500/share, Ms. Pham Thi Nhung - Member of the Board of Directors (BOD) and Permanent Deputy General Director of VPBank estimated that VND555 billion would be needed.

Ms. Pham Thi Nhung - Member of the Board of Directors (BOD) and Permanent Deputy General Director of VPBank

According to an announcement from Vietnam Prosperity Joint Stock Commercial Bank (VPBank), Ms. Pham Thi Nhung - Member of the Board of Directors (BOD) and Permanent Deputy General Director of VPBank has just registered to buy 30 million VPB shares by order matching method. The expected transaction time is from February 6 to March 7.

If the entire registered shares are successfully traded, Ms. Nhung will increase the number of shares she holds from more than 6 million shares to more than 36 million shares. Correspondingly, the ownership ratio will increase from 0.0765% to 0.4546%. Closing on February 3, VPB shares' market price reached VND18,500/share. It is estimated that at the above price, Ms. Nhung plans to spend about VND555 billion to buy 30 million VPB shares.

Previously, in August 2024, Ms. Nhung registered and completed the purchase of 5 million VPB shares. The amount of registration to buy this time is 6 times higher than the purchase half a year ago. Ms. Pham Thi Nhung was appointed to the Board of Directors from April 29, 2024. Ms. Nhung has held many management positions at VPBank such as Director of Network Development Transactions, Secured Assets; Director of Partner Management Center and became Deputy General Director since 2021. From 2023 to present, she has held the position of Permanent Deputy General Director of VPBank.

In 2024, VPBank recorded impressive business growth with consolidated pre-tax profit reaching over VND 20,000 billion, up 85% compared to the previous year. In particular, in the fourth quarter of 2024, VPBank's consolidated profit exceeded VND 6,100 billion, double that of the same period in 2023 and also the highest level in the last 11 business quarters. FE Credit has recovered strongly after the restructuring process, reaching VND 500 billion in profit in 2024. This is also the driving force contributing to the profit achieved this year.

In mid-January 2025, VPBank officially accepted the compulsory transfer of GPBank. VPBank said it would contribute capital to GPBank during the compulsory transfer period so that GPBank could have more financial resources, develop business, improve operating results, the total capital contribution will not exceed 20% of VPBank's charter capital.

The bank said that the goal of this M&A deal is to gradually restore normal operations, overcome weaknesses, and gradually turn GPBank into a bank with a healthy financial situation, ensuring the ability to operate continuously. For VPBank, the bank will have the conditions to expand its business scale, customer base, network, and maintain GPBank as a subsidiary bank or sell/transfer GPBank to a new investor after completing the mandatory transfer plan.

Source: https://baodautu.vn/mot-lanh-dao-vpbank-tinh-chi-hang-tram-ty-dong-mua-khop-lenh-30-trieu-co-phieu-vpb-d244160.html