AsemconnectVietnam - International Bank (VIB) plans to pour another VND500 billion into VIBAMC; ACB increased charter capital to VND38,840 billion; HDBank (HDB) tobe approved to pay 15% stock dividend, increasing capital by nearly VND3,800 billion; ABBANK (ABB) issuance shares, raising the charter capital to more than VND10,350 billion; OCB will issue VND26,000 billion bonds in 2023; BVBank put into operation the 5th unit in Da Nang; PVcomBank cooperates with VNPT, providing digital financial solutions for businesses; Vietcombank officially launched VCB DigiCard international debit card.

International Bank (VIB)
On May 29, the Board of Directors of Vietnam International Commercial Joint Stock Bank (VIB) issued a resolution approving the implementation and implementation of the plan to increase charter capital for the subsidiary.
Specifically, the Board of Directors of VIB decided to implement and implement the plan to increase the charter capital of the one member limited liability company Debt Management and Asset Exploitation of Vietnam International Commercial Joint Stock Bank (VIBAMC) from VND350 billion to VND850 billion, equivalent to an additional increase of VND500 billion. The capital for implementation is from VIB's equity.
On November 18, 2022, VIBAMC had its charter capital increased from VND100 billion to VND350 billion by VIB, corresponding to an additional increase of VND250 billion from VIB's equity.
VIBAMC's main business is handling loan security assets, accepting mortgages, pledges and guarantees of bad debts under VIB system for management, exploitation, commercialization in the form of a one-time collection of money, in addition to warehousing and storage of goods.
VIBAMC was established in 2009 and is a 100% owned subsidiary of VIB. Head office is at 12th floor, Coninco Tower, 4 Ton That Tung, Trung Tu ward, Dong Da district, Hanoi.
As of December 31, 2022, the Company's total assets reached VND464 billion. The company has an asset valuation network of 24 units in VIB's operating areas.
Regarding VIB, by the end of the first quarter of 2023, VIB recorded revenue of VND3,362 billion, up 18% over the same period last year; pre-tax profit reached VND2,694 billion, up 18% over the same period last year.
Regarding the business plan for 2023, VIB's Annual General Meeting of Shareholders also approved the targets including expected profit before tax 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.
Besides, VIB's General Meeting approved the plan to increase charter capital to VND25,368 billion, up 20.36%; paying 35% dividend, with maximum 15% cash dividend, 20% bonus shares.
Thus, by the end of the first quarter of 2023, VIB has completed 22% of the plan for profit before tax for the whole year.
ACB
On June 7, Asia Commercial Joint Stock Bank (ACB) has just sent a report to the Ho Chi Minh City Stock Exchange (HOSE) announcing the change in the number of voting shares and the change in charter capital.
ACB issued 506,615,264 shares to pay dividends in 2022, thereby increasing the total number of outstanding shares from 3,377 million shares to 3,884 million shares. Equivalent charter capital increased from VND33,774 billion to VND38,840 billion.
Previously, ACB announced June 2, 2023 as the last registration date to exercise the right to pay dividends in 2022 in cash and shares.
The rate of cash dividend payment is 10% (1 share will receive VND1,000). With nearly 3,377 million shares outstanding, it is estimated that ACB will have to spend more than VND3,377 billion for this dividend. Expected payment date is 12/6/2023.
Regarding the plan to pay dividends in shares, ACB plans to issue more than 506.6 million shares, the total issuance value at par value is equivalent to VND5,066 billion.
The execution rate is 15% (shareholders owning 100 shares will receive 15 new shares). Capital issued from profits can be used to pay dividends in 2022.
Thus, after 7 years, ACB shareholders will receive a cash dividend payment. The last time ACB paid a cash dividend was in 2015, at the rate of 7% (1 share received VND700) and with nearly 896 million shares outstanding then, ACB spent more than VND627 billion to dividend payment in 2014.
At the end of the first quarter of 2023, ACB reported a consolidated pre-tax profit of nearly VND5,157 billion, an increase of more than 25% compared to the first quarter of 2022, completing 26% of the 2023 business plan.
HDBank (HDB)
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has just been approved by the State Bank of Vietnam to pay a 15% stock dividend and increase its charter capital to over VND29,200 billion, shortly after closing the list of shareholders paying 10% cash dividend.
Currently, HDBank is completing the final procedures to pay stock dividends to shareholders. After completing this profit distribution plan, HDBank's charter capital will increase to a maximum of VND3,772 billion, from VND25,303 billion to VND29,276 billion.
This year's high dividend rate continues HDBank's tradition of paying high and regular dividends for many years, on the basis of high, continuous and sustainable business results. In 2022, HDBank recorded a pre-tax profit of over VND10,000 billion for the first time, among the leading banks in terms of operational efficiency and good risk management.
Previously, at the 2023 General Meeting of Shareholders, HDBank approved the plan to pay a cash dividend at the rate of 10% and pay a stock dividend at the rate of 15%. HDBank's dividend payment plan is considered by investors to be suitable for both those who want to receive cash and those who want to receive shares to continue to benefit from HDBank's strong and sustainable growth. For investors who prefer cash dividends, on June 12, they will receive VND1,000 per share.
A statistic shows that, in the last 10 years, investors holding HDB shares achieved a sustainable and steady growth rate of about 20% per year, surpassing the compound growth rate of the VN-Index as well as the VN30 basket.
Recently, HDBank was recently honored in the Top 10 most prestigious and effective listed companies in the market in 2023, when all 5 indicators of the bank's reputation and efficiency achieved top scores. One of the big criteria that helps HDBank surpass many big players in the industry to step up to TOP5 is a good dividend policy that shows the business strategy results with good results.
Moody's gives HDBank a B1 credit rating, assessing low NPLs and high operational efficiency
The international credit rating agency Moody's has just announced to maintain HDBank's deposit credit rating and issuer rating at B1, saying that HDBank's bad debt ratio is lower than the industry average, high profitability effective and sustainability.
Moody's also continued to give HDBank a rating of B1 for long-term counterparty risk in domestic and foreign currencies, and long-term counterparty risk assessment was maintained at B1. Issuer credit ratings in local and foreign currencies, short-term deposit ratings in local and foreign currencies all maintained at B1.
“The maintenance of HDBank's credit rating and baseline assessment (BCA) reflects the bank's stable financial capacity throughout the economic cycle, thanks to its diversified loan portfolio, strong profitability performance and a solid capital base," the rating agency's announcement said.
Specifically, according to Moody's assessment, HDBank's bad debt ratio (NPL) as at 31/3/2023 was 1.9%, lower than the average NPL ratio of 2.3% of ranked Vietnamese banks. Moody's also believes that prioritizing credit to individual customers, small and medium-sized enterprises has helped HDBank reduce the risk of portfolio concentration and limit the sudden increase of bad debts.
Commenting on profitability, Moody's said that in the first 3 months of 2023, HDBank's net return on assets (ROA) ratio reached 2.4%, higher than the average ROA of only 1.7% of ranked Vietnamese banks.
Regarding the credit rating outlook, Moody's expressed a cautious view about the possible impacts in case HDBank participates in the restructuring of a commercial bank and the growth rate of HDBank's outstanding loans in recent years.
According to Mr. Pham Quoc Thanh, General Director of HDBank, it is appropriate for Moody's to have a cautious view, but HDBank also has strategies for this task. As for the growth rate of outstanding loans, HDBank is proud of its very good asset quality thanks to its strategy of lending for agricultural and rural development and chain financing.
In the first quarter of 2023, HDBank recorded more positive business results than market expectations, with pre-tax profit of VND2,743 billion. Notably, capital adequacy ratios, bad debts, and profitability ratios continued to remain at good levels in the industry. Capital adequacy ratio (CAR) according to Basel II standards of HDBank reached 12.5%, of which tier 1 capital adequacy ratio reached 10%.
The consolidated bad debt ratio is 1.9% and the individual bad debt ratio is 1.5%, lower than the bad debt ratio of the whole industry (about 2.9% by the end of February 2023). Operating expenses are effectively managed, with an expense/income ratio of 34.6%, a sharp improvement from 39.3% at the end of 2022.
ABBANK (ABB)
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.”
OCB
Orient Commercial Joint Stock Bank (OCB - Code: OCB) has just announced the resolution of the Board of Directors on the offering and private placement of bonds in 2023.
Accordingly, OCB plans to issue a maximum of 26,000 billion bonds with par value of 1 billion VND/bond. This is a non-convertible bond, with no warrants or no payment security/guarantee.
These bonds are expected to be issued in 15 installments with a value of between VND1,000 and VND2,000 billion in the second, third and fourth quarters of 2023. The subject of the offering is a professional securities investor as prescribed by law.
Proceeds from bond issuance will be used for lending, investment or other purposes in accordance with current regulations. OCB has fully paid principal and interest of issued bonds or due debts for 3 consecutive years prior to this issuance.
In 2023, the bank sets a target of pre-tax profit of VND6,000 billion, up 36.7% over the previous year; ROE reached 17.14%; Minimum CAR reaches 10%. By the end of the first quarter of 2023, OCB's pre-tax profit reached VND983 billion, up 18% over the same period.
By the end of March 2023, OCB's total assets reached more than VND199,100 billion, up 2.65% compared to the beginning of the year, of which, loans to customers reached nearly VND122,000 billion, up 1.76% compared to the beginning of the year.
BVBank
On June 23, Viet Capital Bank (BVBank) officially opened the operation of BVBank Nam Da Nang. This is the 5th unit in Da Nang city and the 115 unit in the whole system.
Accordingly, after a period of preparation and with the support of local authorities, the approval of the State Bank of Vietnam (SBV) and the State Bank of Danang City, BVBank Nam Da Nang has officially come into operation. Address: 236 Nguyen Phuoc Lan, Hoa Xuan Ward, Cam Le District, Da Nang City.
This is the 115th transaction point of BVBank and one of the five transaction points in Da Nang City, together with BVBank Song Han, BVBank Thanh Khe, BVBank Hai Chau and BVBank Da Nang. With the desire to bring BVBank closer to customers, BVBank Nam Da Nang is invested in modern construction, transaction space with convenient, location right in the center of Cam Le district promises to be a reliable financial transaction address for customers here.
Besides, with products and services designed specifically for customers, with many practical incentive programs, professional staff, BVBank Nam Da Nang is also expected to bring many experiences to customers. During the opening ceremony, the representative of BVBank also committed to invest resources so that BVBank Nam Da Nang would thrive, actively contribute to the local community of people and businesses as well as participate in the sustainability of the banking industry in Da Nang.
BVBank also awarded scholarships to the Study Promotion Fund of Cam Le District with the desire to contribute somewhat to help good students in difficult circumstances in the district have more conditions on their education path.
At BVBank, expanding the network to get closer to customers is one of the important activities to achieve the goal of becoming a multi-functional, modern, customer-oriented retail bank. In June 2023, we put into operation 4 new business points: BVBank Mong Cai - Quang Ninh, BVBank Thuan An - Binh Duong, BVBank Chu Se - Gia Lai and BVBank Nam Da Nang.
On the occasion of the grand opening, BVBank offers many attractive gifts to customers who come to transact with them along with many promotions: Savings customers will immediately receive useful gifts such as raincoats, helmets, lock and lock bottle …. In addition, when opening JCB, VISA and NAPAS credit cards at BVBank, customers will receive discounts up to VND500,000 at Shopee, Lazada, Tiki, Sendo, Grab, ShopeeFood, Traveloka, etc.
PVcomBank
On June 21, 2023, in Hanoi, the Vietnam Public Commercial Joint Stock Bank (PVcomBank) signed a cooperation agreement with the Telecommunications Service Corporation (VNPT) in providing financial products and services for customers on oneSME.
This is the first e-commerce platform that fully supports digital transformation in Vietnam for small and medium enterprises, built and operated by VNPT.
VNPT is one of the leading enterprises in the field of Telecommunications and IT in Vietnam. Faced with the urgent need of digital transformation from small and medium enterprises (SMEs), VNPT has built and operated the oneSME platform with the aim of connecting and promoting the strength of the community, together building a digital ecosystem for Vietnamese SMEs, thereby contributing to the construction and formation of the nation's digital economy.
At oneSME, VNPT introduces many digital products and services to serve the digital transformation needs of many organizations and businesses in diverse fields such as: Telecommunications, Information Technology, Corporate Governance, Transactions electronic. Along with that, there are specialized solution groups for Healthcare, Education, Agriculture, Pharmaceutical, Retail... Through oneSME, businesses can easily search, select and integrate services and digital solution packages suitable to the development orientation and scale of their units.
In order to diversify the product portfolio for customers, VNPT decided to add digital financial solutions and trusted PVcomBank to be the first company in the banking sector to cooperate. Accordingly, the two sides will connect the oneSME platform with PVcomBank's system to provide digital financial products and services to institutional customers - starting with the solution to open accounts for corporate customers by eKYC. In the future, PVcomBank will work closely with VNPT in general and oneSME in particular to gradually develop other modern and convenient digital products for corporate customers on the oneSME platform.
Speaking at the signing ceremony, Ms. Nguyen Thi Nga - Director of PVcomBank's representative digital bank said: "Researched, designed and developed by VNPT's top engineers, oneSME is a converged platform. elements of modern technology, advanced architecture such as: Cloud computing, Enterprise Data Lake, Artificial intelligence, machine learning and technologies to ensure information safety and security...
This is also one of the many goals that PVcomBank is pursuing on its digital transformation journey. Therefore, I believe that the two sides will have many similarities in their business philosophy as well as the goal of bringing SME customers modern solutions and features on oneSME. With VNPT's foundation, and PVcomBank's diversified and modern solutions, we will jointly make oneSME a launching pad to help small and medium enterprises overcome all barriers to digital transformation and rapid development."
Talking about this cooperation, VNPT in general and the Board of Directors and oneSME development team believe that PVcomBank's products are suitable for small and medium-sized enterprise customers, which is the target customers oneSME platform is targeting. .
Mr. Nguyen Anh Dung - Deputy Director of Corporate - Corporate Banking Department, VNPT emphasized: "For VNPT, it is very important to support businesses, especially small and medium-sized enterprises, while helping businesses optimize cost while optimizing human resources for business development. In addition, the financial and banking sector is also one of the vital factors of an enterprise, therefore, the cooperation between VNPT and PVcomBank will give the small and medium business community optimal benefits. operating and administrative costs, while promoting digital transformation and optimizing corporate governance.”
Along with the cooperation signing event, PVcomBank marked the first product launch on oneSME by opening an online business account with a preferential program that lasts from now until the end of October 14, 2023.
Accordingly, PVcomBank offers VND 500,000 to the first 100 customers who successfully open an account through oneSME using eKYC authentication. Besides, PVcomBank still applies many attractive free incentives for corporate organizations such as: maintaining account balances; register for SMS Banking and PVcomBank Business services; transfer within and outside the system; Open an account to choose a nice number and make payment transactions on the new Internet Banking platform…
Vietcombank
On June 21, 2023, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) officially launched the VCB DigiCard non-physical international debit card.
VCB DigiCard is a Visa-branded international debit card with digital format. Customers can register for VCB DigiCard card easily on VCB Digibank mobile application or on the web (for customers who already have an account and use VCB Digibank application), or be defaulted to open a card when registering to use services of Vietcombank through EKYC online identification solution or at Vietcombank's transaction points. Now customers do not need to wait to receive a physical card, VCB DigiCard can be used immediately after successful registration for issuance on VCB Digibank application.
VCB DigiCard card contains full information such as cardholder name, card number ... as well as full features of a regular physical card such as cash withdrawal, online payment.... With the popularity of famous and popular wallet applications in the world such as Google Pay, Samsung Pay, VCB DigiCard helps customers spend more conveniently than ever at contactless card acceptance points (contactless). ). With just a mobile phone, customers can link VCB DigiCard with Google Pay and shop comfortably around the world without carrying cards or cash.
With digital format, when using VCB DigiCard card, customers can minimize the risk of card information disclosure as well as worry about card being damaged or lost or forgotten.
Thanks to being able to use immediately after successful card registration, VCB DigiCard represents the beginning of a new trend in the digital era, bringing many special experiences to customers.
VCB DigiCard has an outstanding cashback feature with 5% cashback (up to VND300,000/month) for purchases of movie tickets, listening to music at Apple music, Spotify, Youtube premium, Netflix or transportation services , order food online at Grab, Baemin, Foody, Starbuck, KFC…; unlimited 0.2% cashback on other areas of spending.
Nam A Bank (NAB)
Nam A Commercial Joint Stock Bank (Nam A Bank, stock code NAB - UPCoM) announced that on 7 July, 2023, it will finalize the list of shareholders to receive issued shares to increase share capital from equity.
Accordingly, Nam A Bank is expected to issue more than 211.6 million shares at the ratio of 100:25, which means that shareholders owning 100 shares will receive an additional 25 shares. The odd number of shares arising from rounding down (if any) will be cancelled.
Capital issued from equity, including undistributed profit after tax and share premium as at December 31, 2022, based on the independently audited consolidated financial statements of 2022. NAB, respectively nearly VND544.26 billion and VND1,571.83 billion.
After the issuance, Nam A Bank is expected to increase its charter capital from more than VND8,464 billion to more than VND10,580 billion.
Previously, at the end of April 2023, the State Bank of Vietnam issued an official letter approving NAB's increase in charter capital by a maximum of more than VND2,116 billion according to the charter capital increase plan approved by Nam A's 2023 Annual General Meeting of Shareholders. Bank approved.
In terms of business activities, in the first quarter of 2023, Nam A Bank's total assets reached more than VND194,000 billion (up 9%) compared to the beginning of the year. In which, deposits at the State Bank (SBV) were 2 times higher than at the beginning of the year (more than VND4,000 billion), deposits at other credit institutions increased by 31% (more than VND30,000 billion), loans increased 7 % (more than VND128,000 billion). At the same time, compared to the beginning of the year, customer deposits increased by 10% (more than VND137,000 billion), issuance of valuable papers increased by 10% (more than VND13,000 billion).
At the end of the first quarter of 2023, Nam A Bank achieved a pre-tax profit of more than VND763 billion (up 18% over the same period last year and reaching 29% of the 2023 plan). Compared to the same period last year, net interest income increased by 42%, non-interest income also increased such as: interest from services increased by 97%, interest from foreign exchange increased by 55%...
In 2023, the Bank set a target of consolidated pre-tax profit of VND2,600 billion, total assets of VND205,000 billion (up 15.4%), capital mobilization increasing by 12.8%, outstanding loans increasing by 10.4%. compared to 2022…
In addition to the business plan, at the 2023 Annual General Meeting of Shareholders, Nam A Bank continued to approve the listing of all outstanding shares on the HNX or HOSE depending on market conditions. The plan to list shares was approved by the General Meeting of Shareholders in 2022 but then actively postponed to ensure the interests of shareholders in the context of the unfavorable macro environment and unpredictable movements of the stock market.
N.Nga
Source: VITIC/Tinnhanhchungkhoan