Vietnam lenders pay dividends with shares

TheStar Thu, Nov 30, 2023 12:00am - 6 months View Original


The move is aimed at increasing charter capital, improving financial strength, meeting the State Bank of Vietnam’s capital safety regulations and expanding operating scales. — VNA/VNS

HANOI: Many large Vietnamese banks are implementing plans to issue shares to pay dividends before the end of the year.

The move is aimed at increasing charter capital, improving financial strength, meeting the State Bank of Vietnam’s (SBV) capital safety regulations and expanding operating scales.

BIDV Bank plans to issue more than 642 million shares to pay dividends, which will increase the bank’s charter capital from nearly 50.59 trillion dong to more than 57 trillion dong.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

OCB 0.905

Comments

Login to comment.