Bao Viet will spend more than 745 billion VND to pay cash dividends in December 2024
Bao Viet's total consolidated revenue after the first 9 months of 2024 reached VND 42,121 billion, equivalent to nearly 1.7 billion USD; consolidated pre-tax and after-tax profits reached VND 1,964 billion and VND 1,618 billion, respectively, up 14.7% and 13.3% over the same period. Total consolidated assets as of September 30, 2024 reached VND 238,219 billion, up 7.7% compared to December 31, 2023.
Mega sale to celebrate golden birthday.
The Parent Company's total revenue reached VND 1,224 billion, profit after tax reached VND 866 billion, up 5.1% and 4.8% respectively over the same period, closely following the progress of the 2024 plan approved by the General Meeting of Shareholders. As of September 30, 2024, the Parent Company's total assets reached VND 18,675 billion, equity reached VND 18,502 billion, up 4.5% and 4.7% respectively compared to December 31, 2023.
Towards its 60th anniversary (January 15, 1965 - January 15, 2025), Bao Viet focuses its resources on optimizing network advantages, diversifying business areas and enhancing the professionalism of each member unit with the goal of creating the future. With strong financial potential, leading capital and asset scale among insurance companies, Bao Viet always fulfills its commitments to shareholders, increasing value for investors.
According to the profit distribution plan, in December 2024, Bao Viet will spend more than VND 745 billion to pay cash dividends, equivalent to 10.037% of the par value of shares. In addition, Bao Viet also allocates funds for social security activities such as: investing in education; upgrading medical infrastructure; building charity houses; overcoming the consequences of natural disasters...
Bao Viet - National Brand in both life and non-life insurance sectors
The life insurance business recorded positive business performance with VND982 billion in profit after tax, up 23.3%.
After the first 9 months of 2024, the insurance market has shown positive recovery. As the only Vietnamese life insurance company in the market, Bao Viet Life strives to research and deploy many increasingly superior insurance products, meeting the needs of families for protection and peace of mind against life's risks. Bao Viet Life's total revenue reached VND 32,145 billion, profit after tax reached VND 982 billion, up 23.3% over the same period.
Non-life insurance business achieved 250 billion VND in profit after tax, a positive growth of 40.1%.
After the first 9 months of 2024, Bao Viet Insurance's total revenue reached VND 8,854 billion, up 3.3%; profit after tax reached VND 250 billion, up 40.1% over the same period.
At the National Brand Product Announcement Ceremony, Prime Minister Pham Minh Chinh awarded the Vietnam National Brand 2024 logo to Bao Viet Life Insurance Service and Bao Viet Non-Life Insurance Service.
The selection of enterprises achieving National Brand is conducted every two years with the aim of encouraging enterprises to continue to share and pursue the values of the program, enhancing pride in Vietnamese products. Bao Viet is the only financial - insurance enterprise with both life insurance and non-life insurance services to be honored as National Brand twice in a row.
Bao Viet organizes many customer appreciation programs
From November 1, Bao Viet Insurance has launched a customer appreciation program with a 10%++ discount on health, personal, home, vehicle and travel insurance premiums, along with many attractive gifts across the system. Follow the website baovietonline.com.vn to update the latest programs.
For financial business activities, Bao Viet Securities (BVSC) also offers many attractive promotions to attract more investors to the market, including a combo of 3 attractive gifts: VND 100,000 in cash into the account, preferential transaction fee of only 0.15% and margin interest rate of only 8%/year in the first 30 days of each loan during the promotion period; Margin T+ program, exempting interest for the first 5 days of borrowing for investors with short-term strategies and quick capital turnover.
In addition, the "Refer a friend - Unlimited rewards" program will help increase passive income for investors when introducing new friends to open an account at Bao Viet Securities, register online on the B-Wise trading website or BVSC Invest app.
Towards the 20th anniversary of BVF and the 60th anniversary of Bao Viet in 2025, BVF is launching a gratitude program “Celebrating the golden birthday – thousands of gifts”. From October 15 to December 31, investors will receive an 80% discount on transaction fees when purchasing fund certificates at all distribution agents.
The program not only helps optimize costs but also expresses gratitude to customers for their trust. BVF hopes to encourage investors to increase their investments and enjoy top-notch financial services.
Bao Viet Bank supports customers with attractive and unprecedented consumer and business loans. Accordingly, individual customers who need loans to buy real estate, cars, consume, or do business can flexibly choose a loan option that suits their financial capacity with preferential interest rates from only 3%/year. The program is for customers with secured loans, implemented from October 15 to December 31 with a credit limit of VND900 billion.
Bao Viet Group is the leading Finance - Insurance Group in Vietnam. With a history of development since 1965, Bao Viet is proud to be the first insurance company established in Vietnam. Currently, the Group is headquartered in Hanoi with a nationwide network. Since June 2009, the Group's shares (BVH) have been listed on the Ho Chi Minh City Stock Exchange.
Detailed information about the Group can be viewed at www.baoviet.com.vn
Source: https://vtcnews.vn/bao-viet-danh-hon-745-ty-dong-chi-tra-co-tuc-ar910104.html
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