Vietnam Export-Import Joint Stock Commercial Bank (Eximbank) has just announced the issuance of shares to pay dividends to shareholders. This is the first time Eximbank has paid dividends following nearly 10 years.
Accordingly, shareholders will be dividends with shares at the rate of 20% and the last registration date is 20/2. Expected number of shares to be issued is 245.88 million shares with a total value of 2,458 billion dong.
Issued capital comes from following-tax profits, following setting aside funds for the years 2017, 2018, 2019, 2020 and 2021.
[Bán 133 triệu cổ phiếu, SMBC không còn là cổ đông lớn tại Eximbank]
This is the first time Eximbank dividends from 2014 to present. The most recent dividend was 4% in cash for 2013 and was made in 2014.
After completing the issuance of dividend shares, the bank’s charter capital will increase by nearly VND 2,459 billion, to VND 14,814 billion. This is the first time Eximbank has increased its charter capital following more than a decade. The charter capital of this bank has stood still at 12,355 billion dong from 2012 to present.
After completing the issue of dividend shares, Authorized capital of the bank will increase by nearly 2,459 billion dong, to 14,814 billion dong. This is the first time Eximbank has increased its charter capital following more than a decade. The charter capital of this bank has stood still at 12,355 billion dong from 2012 to present.
In 2022, profit before tax of Eximbank to 3,709 billion dong, up sharply from 1,205 billion dong (up 208%).
The reason for Eximbank’s sudden profit this year was the reduction in provision expenses compared to the same period last year, the bank’s high provisioning in previous years, and the trend of better asset quality. Specifically, Eximbank’s risk provision expense in 2022 was only 103 billion dong, down 90% over the same period.
The Board of Directors of Eximbank also approved the proposal of the bank’s management board on the business plan in 2023 with an estimated pre-tax profit of VND 5,000 billion.
Thuy Ha (Vietnam+)