VIB has just approved the implementation of the plan to advance cash dividend in 2022 for existing shareholders with an advance of more than VND 2,107.6 billion, equivalent to 10% of charter capital.
The Board of Directors of Vietnam International Commercial Joint Stock Bank (VIB) has just issued a resolution approving the implementation of the plan to advance cash dividends in 2022 for existing shareholders with an advance of more than VND 2,107.6 billion. , equivalent to 10% of charter capital.
Accordingly, the capital used to pay dividends is the undistributed profit as of September 30, 2022, in which the residual profit from previous years that has not been used is VND 565 billion and the accumulated net profit of three years. the first quarter of 2022 is more than 1,542 billion.
The last registration date to close the list of shareholders receiving cash dividend advance is February 10, 2023. The date VIB makes the cash dividend advance payment is 3/3/2023.
Currently, VIB has also informed shareholders of the final registration date to close the list of shareholders exercising the right to attend the 2023 Annual General Meeting of Shareholders, which is February 10, 2023. VIB is always the bank that conducts an early shareholder meeting in mid-March every year.
Previously, at the end of January 2023, according to information from the Ho Chi Minh City Stock Exchange (HoSE), Mr. Do Xuan Thu, father of VIB Board Member Mr. Do Xuan Hoang, registered to sell 28 million shares owned by VIB to restructure individual investment ownership.
Mr. Thu currently holds nearly 54.4 million VIB shares, accounting for 2.581% of VIB’s share capital. It is expected that after the transaction, the number of shares owned by him will decrease to nearly 26.4 million shares, accounting for 1.252%. Transactions are carried out by order matching and agreement from February 3 to March 2.
During the same period, Mr. Hoang’s son, Mr. Do Xuan Viet, also registered to buy 28 million VIB shares. Mr. Viet currently does not own any VIB shares. Meanwhile, Mr. Do Xuan Hoang owns more than 104.6 million shares, equivalent to 4.964% of capital at VIB, so it is likely that this is a transfer transaction in the family of Mr. Hoang’s internal shareholder.
VIB also just announced the profit in 2022, the bank can pay dividends up to more than 35%, including both cash dividends and stock dividends. At the 2023 Annual General Meeting of Shareholders, VIB will submit the next dividend payment plan for shareholders’ approval and implementation early in the year.
At the end of 2022, VIB achieved a pre-tax profit of more than VND 10,580 billion, up 32% compared to the previous year. This number comes from core businesses, especially retail banking. Total revenue grew by 21%, higher than the growth rate of operating expenses of 17%, contributing to reducing VIB’s operating expenses to revenue (CIR) ratio to 34%.
As of December 31, 2022, VIB’s total assets reached more than VND 343,000 billion. In which, credit balance reached 234,000 billion dong, up 14.5%, especially deposits from customers increased by more than 15.3%. Net profit margin (NIM) reached 4.5%.
At the end of trading on the morning of February 2, VIB’s stock price stopped at 23,550 dong/share, moving sideways in recent sessions.