ABIC successfully organized conference to review the 2015 business operations, business operations implemented in 2016

Dated 01.15.2016 morning, at the Hotel Eden Plaza Danang, JSC Insurance Agricultural Bank has long held a review conference in 2015 business activities, business operations implemented in 2016 .

Attending the meeting were Mr. Dinh Vietnam Dong - Secretary of Party Committee - Chairman of the Board; Ms. Hoang Thi Tinh - Vice Chairman - Chief Executive Officer and members of the Company Board of Directors, Supervisory Board, the Management Board; Director of affiliates and key personnel of the Company.

After the opening speech of Mr. Dinh Vietnam Conference East - Chairman, Mrs Hoang Thi Tinh - CEO was sent to all the full text of the draft conference report. Summary of business operations in 2015, direction and business tasks of the company in 2016.


The report said that in 2015, economic and socio - took place in the context of global market turmoil, the world economy still faces a big risk with unpredictable factors, crude oil prices fell sharply leading to commodity prices have fallen rapidly, the devaluation of the yuan and declining growth of the Chinese economy has a strong impact on Vietnam. But with the timely guidance of the Board, is the thorough attention of the Board of Directors of the Company together with the intensive efforts of all employees in the entire system, ABIC has achieved encouraging results as six:
- Sales of goods are: 871.5 billion, reaching 106% of the plan.
- Revenue is written premiums: 784.1 billion, reaching 105% of the plan.
- Revenue reinsurance is: 40.3 billion, reaching 161.4% of the plan.
- Revenues from financial investment: 47 billion, reaching 104.4% of the plan
- Pre-tax profit of 105 billion dong, reaching 105% of the plan.

With this result ABIC has maintained market share of 2.6% compared to total premium revenue of the market, this is the best metric for ABIC meaningful.

Closed a year is considered the difficulties still affecting business operations, with the efforts of the leadership and staff, ABIC has successfully completed all the business targets by the General Meeting of Shareholders and the Board delivered in accordance with the plan.

Banca distribution model growing steadily both in width and depth is increasingly asserting main channel of business orientation of ABIC.

With the tasks set out in 2016, ABIC strives sales are 1,049 billion, which is written premiums 997.1 billion, net sales of financial investments was 51.5 billion; The rate of compensation under TNGL ABIC strives for less than 30%; Profit before tax amounted to 115 billion strive, dividends paid not less than 2015.

Speaking at the conference, Mr. Dinh Vietnam Dong - President stressed the important role of the system of general agents and agents of ABIC individuals for the development of ABIC and also deep gratitude identity to the enthusiastic endorsement of the General agents and individual agents ABIC ABIC has a year to complete business tasks. Through the conference, Chairman of thanks and congratulations to the top five best group of General Agents, Dealers of ABIC; The management team and all employees ABIC and family New Year 2016 and Tet calm!