Báo cáo thường niên năm 2010 - Ngân hàng Thương mại Cổ phần Việt Nam Thịnh Vượng

No Le Thai To, Hoan Kiem District, Ha Noi Tel: 04.39288869 Customer Service: 04.39288880 / 1900545415 www.vpb.com.vn 62 Vietnam Prosperity Bank BOLD TRANSFORMATION TO success ANNUAL REPORT 2010 Annual Report 2010 63 64 Vietnam Prosperity Bank Table Of Contents 68 Message from VPBank's Chairman - Mr Ngo Chi Dzung 70 Message from VPBank's Chief Executive officer - Mr Nguyen Hung 72 VPBank at a Glance 77 Board of Directors' Report 79 Board of Management's Report 89 Financial Statements 101 Subsidiaries 103 Our Organization 111 Shareholder's Information 119 VPBank with Community 121 Network Development Annual Report 2010 65 BOLD TRANSFORMATION To Success 66 Vietnam Prosperity Bank Annual Report 2010 67 Message from VPBank's Chairman Mr Ngo Chi DZung Dear Clients and Shareholders, On behalf of VPBank’s Board of Directors, I would like to express our sincere thanks to Shareholders and Clients for your support over the last year The year 2010 has passed with challenges and fluctuations in the country’s overall economy in general and with businesses in particular VPBank is not an exception but we have managed to overcome these challenges successfully VPBank’s notable features in 2010 are the organizational stability, the overachievement of profit targets and the change of the bank’s image Yet, to develop further from the second –tier to the number one retail bank in Vietnam as well as among top five jointstock banks in Vietnam by 2014, VPBank needs to choose our own path Bold transformation for success or continuous development as it is? That’s the question that the Board of Directors and Board of Management have pondered, and finally arrived at a solution after working with strategic consulting partners But where to start transformation? A new vision with new ambitious goals and a new brand image that is professional, dedicated, simple, differentiated are the very first changes Subsequent changes would be the introduction of new sales skills, new products and services, new style transaction points, new service model, etc, which will take place in the near future To achieve these ambitious goals, VPBank sets its development mission and philosophy as follows: top priority placed on customers’ benefits; attention paid to employees’ and shareholders’ benefits; and effective contributions made to community development ► To employees: VPBank always pays great attention to the work - life balance of employees VPBank ensures stable and highly competitive salary packages as compared to its competitors in the finance and banking industry Employees are regularly trained to improve their professional skills and enjoy freedom to exercise their own political and cultural rights ► To community: VPBank is committed to fulfilling its financial obligations to the National Budget; and involving regularly in social and charitable activities to share burden with the community Ladies and gentlemen, In 2010, with great efforts made by all staff of the bank, VPBank overcame most of the difficulties and challenges in the market and achieved positive results by the end of the year: VPBank’s consolidated profit before tax as of December 31, 2010 was VND 663 billion or 102% of the 2010 target We anticipate that 2011 will continue to be a difficult year for the finance and banking industry For VPBank, this will also be a very important year with a lot of transformation activities that help turn VPBank into one of the leading retail banks in Vietnam Driven by the staff’s determination and effort, we strongly believe that we will meet the expectation of our Shareholders and Clients Lastly, I would like to wish all good health, happiness and success in your careers, and expect your continuous support to VPBank during our development ► To customers: VPBank is committed to maximizing customers’ benefits by offering a wide range of services and products at competitive prices ► To shareholders: VPBank adopts a policy of increasing stock value and retaining high annual dividend payout 68 Vietnam Prosperity Bank Ngo Chi Dzung Chairman MR NGO CHI DZUNG Annual Report 2010 69 Message from VPBank's Chief Executive OFFICER Mr Nguyen Hung Dear Clients, Partners and Shareholders, Although Vietnam made slow but steady recovery from the global crisis in 2010, its economy remained unstable Amid such unfavorable business environment, VPBank managed to accomplish aggressive growth and significant achievements in 2010 Specifically, VPBank surpassed annual profit targets with a consolidated profit of VND663 billion, or 102% of the plan Total assets are valued at VND59,807 billion, increased by VND32,264 billion or 117% against that of last year VPBank also maintained security and stability, while achieving substantial growth; liquidity was secured while the bank's financial strength and operating size increased significantly The year 2010 also saw notable changes in VPBank: ► A new brand image; ► Increase in chartered capital to VND 4,000 billion; ► Successful ...[...]... March 2010 Appointed on 31 March 2006, resigned on 16 March 2010 Appointed on 10 December 2008, reappointed on 16 March 2010 Appointed on 14 July 2010 Appointed on 16 March 2010 Appointed on 16 March 2010, resigned on 21 October 2010 Appointed on 16 March 2010 Appointed on 18 August 2009, reappointed on 16 March 2010, resigned on 7 January 2011 Appointed on 31 March 2006, resigned on 16 March 2010 Appointed... 9,631,647 - 5,882,864 542,980 636,014 260,033 - 279,291 Other liabilities Interest & fee payables Deferred tax liabilities Other payables 20 5,240,616 Provision for off-balance sheet commitments 9 6,234 3,656 54,602,292 24,995,021 TOTAL LIABILITIES OWNERS' EQUITY Capital and Reserves Capital 4,617,389 2,290,546 22 4,000,000 2,117,474 - - 22 617,389 173,072 Treasury shares - - Preference shares - - Chartered... OWNERS' EQUITY - - 88,071 127,974 499,271 129,465 5,204,731 2,547,985 59,807,023 27,543,006 Annual Report 2010 95 Consolidated Balance Sheet (Continued) as at 31 December 2010 CONSOLIDATED OFF-BALANCE SHEET ITEMS Notes Contingent liabilities 37 Financial guarantees 31 Dec 2010 VNDm 793,514 927,693 1,158 1,244 Letters of credit 292,452 158,483 Other guarantees 499,904 767,966 2,874,031 935,933 - - Commitments... history 1 Key services ► Mobilize short-term, mid-term and long-term capital from all entities in economic sectors and residents with term and current deposits in Vietnam dong; ► Be trusted with capital from domestic organizations for investment and development; ► Borrow capital from the State Bank and other credit organizations; ► Grant short-term, mid-term and long-term loans to organizations and individuals... customers Loans to customers Provision for credit losses Investment securities Available·for-sale securities Held-to-maturity securities Provision for impairment of investment securities Long-term investments Investments in joint-ventures Investments in associates Other long-term investments Provision for impairment of long-term investments Fixed assets Tangible fixed assets Cost Accumulated depreciation Finance... Vietnam 76 Vietnam Prosperity Bank 2010 BOARD OF Directors' report Annual Report 2010 77 Board Of Directors' report Outstanding results Vietnam's economy in 2010, while on the recovering path, remained unstable Various internal issues of the economy could not be resolved any time soon The world economy was undergoing complex changes and fluctuations, which presented many challenges to the Vietnam macro-economy... Vietnam The Bank was established in accordance with the Business Licence No 0042/NH-GP granted by the State Bank of Viet Nam on 12 August 1993 The operational duration under the license is ninety nine (99) years and the Bank operated officially on 12 August 1993 On 27 July 2010, the Bank has renamed to Vietnam Prosperity Joint Stock Commercial Bank in accordance with the Business License No 1815/QD -. .. March 2010 Board of Supervisors The members of the Board of Supervisors for the year ended 31 December 2010 and at the date of this report are as follows: Full Name Ms Nguyen Quynh Anh Mr Vu Hai Bang Title Ms Trinh Thi Thanh Hang Head Head Member Member Ms Phan Thi Thu Ha Member Mr Tran Duc Ha Member Date of appointment Appointed on 16 March 2010 Resigned on 16 March 2010, appointed on 16 March 2010. .. Van Deputy CEO Registered Auditor Certificate No 0264/KTV Nguyen Chi Cuong Auditor-in-charge Registered Auditor Certificate No 1103/KTV Hanoi, Vietnam 20 February 2011 Annual Report 2010 93 Consolidated Balance Sheet as at 31 December 2010 Notes ASSETS Cash and cash equivalents on hand Balances with the State Bank of Vietnam ("the SBV") Due from banks Placements with other banks Loans to other banks... 2% 2% 1.64% 1.63% 1.38% 1.20% 1.38% 1.26% 1.28% 1% 1.20% 5,000 0 1% 0.49% 2007 2008 2009 Actual 2010 82 4% 3% 12,604 12,986 10,000 14,327 25,324 Vietnam Prosperity Bank 2010 QI/10 QII/10 QIII/10 Same period of last year M10/10 M11/10 M12/10 E2010 Loans under Groups 3-5 0% Board of management's REPORT In 2010, investment operation grew rapidly, expanding and diversifying the total assets structure while