HDB’s AGM was held on April 21, 2018. Management briefly reported on 2017 performance and its 2018 plan, sought shareholder approval for M&A deal with PGBank and answered shareholder questions. 2018 guidance post M&A for total assets is VND267tn (USD11.7bn, +41.2% Y-o-Y) and for PBT is VND4.7tn (USD206mn, +94.9% Y-o-Y). With this guidance, the consolidated CAR ratio in 2018 is expected to be 12.3%. The NPL ratio is targeted to come in below 2%.