AsemconnectVietnam - After the issuance of nearly 94.1 million more shares to pay dividends with an additional issuance value of nearly VND941 billion, ABBANK's charter capital increased from VND9,409.5 billion to over VND10,350 billion.

On June 12, 2023, the State Securities Commission issued Document No.3543/UBCK-QLCB confirming the report on the results of stock issuance to pay dividends to shareholders of An Binh Commercial Joint Stock Bank (ABBANK) - stock code ABB: UPCoM).
Thus, ABBANK's 10% dividend stock issuance was completed, ABBANK's charter capital increased from VND9,409.5 billion to over VND10,350 billion.
Previously, on May 31, 2023, ABBANK issued additional shares to pay a 10% dividend to shareholders. Specifically, based on the general list of stock holders receiving dividends in shares prepared by the Vietnam Securities Depository (VSD), ABBANK has issued nearly 94.1 million more shares to pay dividends. with an additional issuance value of nearly VND941 billion.
The Bank's 2022 Annual General Meeting of Shareholders approved the plan to increase the charter capital, including the issuance of shares to pay dividends at the rate of 10%.
The increase in charter capital of the Bank was approved by the State Bank of Vietnam in accordance with Official Letter No.7343/NHNN-TTGSNH dated October 19, 2022.
The issuance of shares to pay dividends has also been confirmed by the State Securities Commission according to Official Letter No.2276/UBCK-QLCB dated April 27, 2023.
Mr. Dao Manh Khang, ABBANK's Chairman of the Board of Directors said: “The share dividend will help the Bank increase the size of charter capital, helping to realize the strategic goal of becoming an effective retail bank.
It is expected that the capitalization value of ABBANK will continue to increase many times compared to the present in the next 3-5 years to reach the desired scale. ABBANK will spend long-term investment resources in people, technology systems and data, focusing on sustainable development in the direction of "Customer centric", making the Bank become a truly value-creating organization value for society, bringing convenience and safety to customers and benefits to shareholders.”
N.Nga
Source: VITIC/Tinnhanhchungkhoan