MSB has announced plans to increase its charter capital by issuing dividend payout shares, with a remarkable 30% issuance rate. This move will see the bank issue an additional 600 million shares, translating to a post-issuance total of 2.6 billion shares and a new charter capital of VND 26,000 billion. This bold decision positions MSB as the bank with the highest dividend payout ratio this year.
The State Bank of Vietnam and the State Securities Commission have already greenlit this capital increase proposal. This strategic move will bolster MSB’s financial prowess, enhance its competitiveness, and facilitate its business expansion and risk management endeavors. Moreover, it lays a robust foundation for expediting the bank’s comprehensive digitalization and greening journey.
MSB’s Q2 financial report showcased stable growth across key metrics. As of June 30, 2024, the bank’s total assets surpassed VND 295,500 billion, marking a 10.69% increase from the previous year-end. Standalone credit growth reached 12.41%, while consolidated customer deposits and securities rose 15% and 64%, respectively, compared to the end of 2023. MSB’s consolidated net revenue for the first half touched VND 7,031 billion, a 10% year-over-year increase. The bank’s consolidated pre-tax profit for the same period neared VND 3,690 billion, representing a slight 4% uptick from the corresponding period last year and achieving 54% of the full-year profit plan.
Beyond its focus on expansion, MSB remains steadfast in its commitment to sustainable development. The bank actively integrates environmental, social, and governance (ESG) factors into its business operations and is among the first in the market to publish a standalone Sustainability Report, released on September 15, 2023, detailing its sustainability efforts in 2022. MSB’s June 2024 report highlighted a reduction in carbon emissions compared to 2022 calculations, along with concrete commitments and actions toward creating long-term value and achieving sustainability goals.
As a trusted listed organization, MSB prioritizes effective investor relations and maximizing shareholder value. Additionally, the bank has contributed significantly to the state budget, ranking among the top 10 banks in terms of contributions, with a total of over VND 4,362 billion paid in the last three years.
