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Joint Stock Commercial Bank for Foreign Trade of Vietnam (VIB – Code: VIB) has just announced that the
record date for bonus share issuance is August 23, 2024.
Accordingly, VIB will issue nearly 431.3 million bonus shares to shareholders from its owner’s equity,
equivalent to a ratio of 17% (shareholders owning 100 shares will receive 17 new shares). The total issuance
value at par value is VND 4,312.6 billion, with the issuance source being the supplementary capital reserve
and undistributed post-tax profits as of the end of 2023. After this issuance, VIB’s charter capital is expected
to increase by nearly VND 4,313 billion.
Earlier, the 2024 Annual General Meeting of Shareholders of VIB approved the dividend plan with a ratio
of 29.5% of charter capital. Of which, the maximum cash dividend rate is 12.5%, and the dividend rate in
shares is 17%.
VIB has completed two cash dividend payments to shareholders with a total rate of 12.5%, with a total value
of VND 3,171 billion.
Regarding VIB’s business results, pre-tax profit in the first half of the year reached more than VND 4,600
billion, down compared to the same period. The return on equity (ROE) remained at 21%
As of June 30, 2024, VIB’s total assets reached more than VND 431,000 billion, up 5% from the beginning
of the year. Capital mobilization increased by 5%, higher than the industry average of 1.5%. As of the end of
the second quarter, credit outstanding was nearly VND 280,000 billion, up 5% from the beginning of the
year.
SHB achieves excellent cost control with a CIR of only 23% in 2023, with profits exceeding 9,200 billion VND.
Saigon – Hanoi Bank (SHB) has recently released its consolidated financial report for the year 2023, showcasing stable business growth and strong safety indicators amidst a challenging market.
