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BID - Seeking to recapitalize as required for Basel II - AGM Note

BIDV held its AGM on April 21, 2018. Management discussed 2017 performance results, the profit distribution plan, action plans for increasing charter capital in 2018 and announced one new board member. 2018 targets include: PBT at VND9.3tn (USD409bn, +7.3% YoY growth), total deposit growth at 17%, credit growth at a maximum of 17% following SBV guidance, NPLs at below 2% and a dividend payout at around 5%-7%.