Based on the State Bank's approval document as well as the confirmation of the State Securities Commission, Vietbank will carry out the remaining procedures to complete the charter capital increase according to the Charter Capital Increase Plan approved at the 2024 General Meeting of Shareholders.
Vietbank will increase its charter capital by VND1,428 billion by issuing 142.8 million shares to pay dividends from retained earnings until December 31, 2023, equivalent to a dividend ratio of 25% of the total outstanding common shares, including shares issued to existing shareholders.
The additional capital is expected to be used for asset investment, supplementing capital sources for development, expanding the operating network, ensuring compliance with safety ratios in operations and generating profits for Vietbank's business activities. The expected completion date is no later than December 31, 2024.
Thus, Vietbank's charter capital will increase to VND7,139 billion, 36 times higher than when it was established in 2007, demonstrating its continuous efforts to improve its financial capacity. Vietbank always prioritizes and is steadfast in its goal of safe, sustainable and effective growth.
