AsemconnectVietnam - Eximbank (stock code: EIB) has just been approved by the State Bank of Vietnam (SBV) to amend its charter capital from over VND17,469 billion to over VND18,688 billion.

Thus, Eximbank's charter capital has been increased by more than VND1,218 billion through the form of issuing shares to pay dividends from accumulated undistributed profits up to 2023 after setting aside funds, according to the charter capital increase plan approved by the Bank's 2024 Annual General Meeting of Shareholders.
The increased charter capital will be used to expand Eximbank's business operations on the principle of ensuring safety, efficiency and bringing the highest benefits to shareholders. In addition, the capital increase also facilitates the expansion of credit supply capacity, investment in modern technology, development of innovative financial products and better meeting the increasingly diverse needs of individual and corporate customers, especially small and medium enterprises (SMEs).
Recently, the Asian Development Bank (ADB) decided to increase the trade finance limit for Eximbank from USD75 million to USD115 million.
In the first 9 months of 2024, Eximbank achieved business results beyond expectations. The Bank's total assets increased by 11% compared to the beginning of the year, reaching a growth rate of 16.9% over the same period last year. Total capital mobilization increased by 9.1% compared to the beginning of the year, up 12.2% over the same period. Meanwhile, outstanding loans increased by 15.1% compared to the beginning of the year, up 18.9% over the same period.
Pre-tax profit in the first 9 months of 2024 increased by 39% compared to the same period in 2023. Capital adequacy ratio (CAR) has always been maintained at 12-14%, far exceeding the State Bank's prescribed threshold of 8%, affirming Eximbank's stability and solid financial potential.
N.Nga
Source: VITIC/Tinnhanhchungkhoan