Transactions at BIDV (Photo: VNA) The plan is expected to be submitted for approval at thebank’s general shareholders’ meeting 2021 on March 12 in Hanoi.
The plan includes the issuance of 207.3 million shares topay for dividends in 2019 (5.2 percent), and 281.5 million shares to pay fordividends in 2020 (7 percent). The dividend payouts are expected to beconducted in the third and fourth quarters of this year.
In addition, BIDV plans to issue 341.5 million new shares,equivalent to 8.5 percent of the charter capital, to be sold to the public. Theissuance will be carried out during 2021-2022 after getting the approval fromauthorized State office.
This year, the bank also sets targets of 10-12 percent incredit balance growth, 12-15 percent in capital mobilization growth, 13trillion VND in pre-tax profits, and under 1.6 percent in the rate of baddebts.
Last year, BIDV posted pre-tax profits of over 9 trillionVND and a total asset of over 1.5 quadrillion VND, up 1.8 percent year-on-year,making it maintain a joint stock commercial bank with the biggest asset inVietnam./.
VNA
