National Citizen Bank extends operating term, elects new board

National Citizen Bank (NCB) announced the extension of its operating term to 99 years from September 18, 1995, following approval at its extraordinary general meeting on December 24, 2025. This decision aims to ensure legal continuity, enhance stability, and support long-term development strategies. The meeting also approved amendments and supplements to the bank's Charter and the Board of Directors' operating regulations, aligning with new legal frameworks and internal governance needs.

Shareholders also elected new members to the board of directors and supervisory board for the 2025-2030 term. The new board of directors includes Bui Thanh Huong, Hoang Thu Trang, Duong The Bang, Nguyen Hai Hoa, Trinh Thanh Mai, Ta Kieu Hung, Do Thu Huong, and Lam Thuy Dung. The supervisory board will consist of Do Duc Minh, Vu Kim Phuong, Pham Hien, Nguyen Viet Son, and Le Van Quy.

Additionally, NCB reported the successful private placement of 750,000,000 shares in 2025, raising VND 7,500,000,000,000 and increasing its charter capital to VND 19,279,847,510,000. Plans for a further private placement of 1,000,000,000 shares in 2026, aiming to increase charter capital by an additional VND 10,000,000,000,000, were also approved to boost financial capacity and expand business operations.