An Binh Commercial Joint Stock Bank (ABBank) announced the issuance of share to pay dividend in 2017.
Specifically, the number of shares expected to issue was more than 39.3 million shares. Release rate was 7.4 percent. It was implemented by undistributed after-tax profit. The last registration date is 12:00 on June 29, 2019.
ABBank’s charter capital is currently at 5.319 trillion dong. After completing the stock dividend payment, the bank’s chartered capital will increase to 5.713 trillion dong.
Earlier, at the Annual general Meeting of Shareholders, the bank’s shareholders also approved to keep all profits in 2018 to increase charter capital to enhance financial capacity, to meet the requirements of the State Bank of Vietnam.
In 2019, ABBank set a pre-tax profit target of 1.2 trillion dong, 33 percent higher than 2018. Total assets are expected to increase by 37 percent to 123.25 trillion dong. Credit outstanding increase by 10 percent to 63.03 trillion dong, targeted lending increased by 17 percent to 61.323 trillion dong. Capital mobilisation is expected to increase by 55 percent to 105.115 trillion dong.
