AsemconnectVietnam - On April 7, Vietnam International Commercial Joint Stock Bank (VIB - HOSE) will close the list of shareholders paying the remaining 2022 dividend at the rate of 5% in cash, corresponding to a shareholder owning 1 share will receive VND500.

Accordingly, with nearly 2,107.7 million shares outstanding, VIB will have to spend about VND1,053 billion to pay dividends to existing shareholders. The ex-dividend date is April 6, the dividend payment time is from May 5, 2023.
Recently, on March 3, VIB has just advanced the 2022 cash dividend at the rate of 10%, corresponding to shareholders owning 1 share will receive VND1,000. The last registration date to close the list of shareholders to receive dividends is February 10.
Thus, the total dividend payment in 2022 through the above two payments is 15% in cash, just like the Bank's General Meeting of Shareholders held in mid-March 2023.
In addition to cash dividend, VIB's general meeting also approved the distribution of bonus shares to existing shareholders at the rate of 20%, and issued 7.6 million bonus shares to employees.
Thereby, the Bank will increase its charter capital from nearly VND21,077 billion to more than VND25,368 billion.
In which, VIB will use VND3,895 billion of undistributed profit after tax, more than VND319.9 billion of reserve fund to supplement charter capital to issue more than 421 million bonus shares for existing shareholders.
The source of bonus shares for employees is taken from undistributed after-tax profits. These bonus shares will be restricted from being transferred for 1 year from the end of the issuance.
Regarding the business plan for 2023, the VIB Congress also approved the targets including the expected pre-tax profit of VND12,200 billion, up 15.3% over the previous year; total assets increased by 25% to VND428,500 billion; credit balance also increased by 25% to VND292,500 billion; capital mobilization increased by 26.2% to VND292,600 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan