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On 30th
May, 2008 MXBank celebrated ceremonially Annual General Meeting of
Shareholders in the year 2007 on the second
storey – Dong Xuyen Hotel, Long Xuyen city, An Giang province
with the participation of 85 shareholders representing for more than
500 existing shareholders; the leader of Viet Nam State Bank – An Giang
Branch, Board of Directors and Board of Supervisory representatives.
The General
Meeting approved some important issues as following:
o
The business result in the year 2007
o
Responsibilty and development orientation of the bank in 2008.
o The
salary of execcutive operation, remuneration and expenses of Board of
Directors and Board of Supervisory.
o
Registration, depository and trading bank’s stocks in OTC market.
o
Agreement on buying fixed assets and facilities.
 
The General
Meeting had much time for shareholders, Board of Directors with the
delegates to discuss and contribute good ideas to the leaders of the MXBank
in order to have appropriate measures in current situation. Since the
existing difficulties have impacted to most financial institutions such as
high inflation, the competition on deposit interest rate between the
commercial banks for meeting the demand of liquidity when regulatory reserve
up to 11%..etc. The State Bank of Viet Nam has adjusted the monetary policy
accompanied with the change of base rate executing mechanism up to 12% per
annum from 8.75% and constraining the loan interest rate not exceeding 150%
the base rate…etc. These issues have sharply impacted to Bank’s business
operation. In addition to the appropriate measures
given, most of shareholders attending the general meeting agreed with
Board of Directors to bring out the orientation in forthcoming period for
MXBank’s more substainable and strong
development.
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At the
General Meeting, shareholders and Board of Directors have received the
truthly contributing ideas from Mr. Le Trong Nghia – Director of State
Bank – An Giang Branch. According to Mr. Nghia, MXBank was one of the
best credit institutions in An Giang province with the result of lending
in the third rank and deposit mobilization in the forth rank out of 45
credit institutions which were operating within An Giang province.And
also according to Mr. Nghia “It is very difficult to mobilize enough
deposit to meet the capital demand for local economic development in
current socio-economic condition”. Besides
of these, he continued to contribute measures for solving the
scoped machanism in order to develop the bank’ branches in nationwide
and enhance the bank’s compacity with steadiness and substainable
development. |
In general,
the 2007 Annual General Meeting took place in ebullient atmosphere with
many positive contributing ideas. This shall be the important motivation
to help Board of Directors and Board of CEO have appropriate measures to
solve the current difficulties as well as to find out the strategic
orientation for performing in forthcoming time, the role implementation
in managing, executing the bank’s business operation better in the year
2008 and the continuous years in order to have good result with the
purpose encreasing the value of shareholder’s stocks, the staff’s lives
and the budget../.
 
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