In 2022, Eximbank recorded many large-scale stock transfers, each time several tens to hundreds of millions of shares were transferred, marking an unprecedented change in shareholder structure.
Foreign strategic shareholder Sumitomo Mitsui Banking Corporation (SMBC) recently sold 133 million EIB shares and is no longer a major shareholder in Eximbank after a power battle broke out between Eximbank’s shareholder groups and lasted for a decade. century.
On January 16, Japan’s Sumitomo Mitsui Banking Corporation announced that it had decided to terminate its capital association with Eximbank and reduce its capital ownership ratio at EIB to less than 5%.
Thanh Cong group also divested all of its capital from Eximbank, with a total estimated value of about VND 5,000 billion.
For many years, Eximbank fell into a spiral of crisis in the corporate leadership due to conflicts between groups of shareholders.
The situation stabilized only after Ms. Luong Thi Cam Tu (1980), a former member of the Board of Directors, was elected to hold the position of Chairman of the Board of Directors of Eximbank, term VII (2020-2025) in the general meeting of shareholders in February 2022 with 7/7 votes, replacing Mr. Yasuhiro Saitoh.
Eximbank chose the driver after the major shareholder groups at this bank found a common voice and selected Ms. Luong Thi Cam Tu as the representative for the interests of the parties involved such as: NamABank group, Thanh Cong group, Bamboo Capital, a group of Japanese shareholders SMBC…
Previously, from the end of 2015 to October 2022, Eximbank recorded 8 changes of president, from Le Hung Dung to Mr. Le Minh Quoc, to Ms. Luong Thi Cam Tu, then Mr. Le Minh Quoc, Mr. Cao Xuan Ninh, to Mr. Yasuhiro Saitoh, Mr. Nguyen Quang Thong, back to Mr. Yasuhiro Saitoh and now Mrs. Luong Thi Cam Tu.