MSB tobe approved by the State Bank to increase its charter capital by VND6,000 billion
Sunday, June 30,2024
AsemconnectVietnam - The State Bank of Vietnam has just announced approval for Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) to increase its charter capital by VND6,000 billion through issuing shares to pay dividends at a rate of 30%.
Accordingly, MSB will increase capital in the form of issuing shares to pay dividends from retained profits calculated according to audited financial statements as of December 31, 2023 after deducting funds according to law. The issuance ratio is 30% of the total outstanding shares, equivalent to issuing 600 million additional shares. After increasing capital, the total number of outstanding shares is expected to be 2.6 billion shares, corresponding to a new charter capital of VND26,000 billion.
After more than 3 years of listing shares on the Ho Chi Minh City Stock Exchange (HoSE), MSB has reached a charter capital of more than USD1 billion. The increase in charter capital in 2024 will continue to create motivation to increase the bank's competitive position according to scale, support capital buffers, keep the capital adequacy ratio CAR at a high level and contribute to promoting credit flow.
Also in June, MSB recorded an important milestone when it entered the FORTUNE Southeast Asia 500 ranking - the list of 500 largest enterprises in Southeast Asia. With total revenue of more than USD1 billion, MSB is one of 70 honored Vietnamese businesses.
It is known that last June was also the time when MSB announced its second year of Sustainable Development Report, demonstrating the bank's commitment to economic growth considering sustainable criteria.
MSB leaders said that in the coming years, MSB expects the Bank's Sustainable Development Report to be able to provide more complete and comprehensive information, according to advanced international standards to reflect in more detail the bank's impacts on the social environment as well as assess the impact of climate change with a loan portfolio based on forecasts and scenario analysis.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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