After this bonus distribution, the charter capital of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is expected to increase by VND 11,981 billion, from VND 57,004 billion to VND 68,975 billion.
After this bonus distribution, the charter capital of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is expected to increase by VND 11,981 billion, from VND 57,004 billion to VND 68,975 billion.
Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV, code BID, HoSE) plans to issue nearly 1.2 billion shares at a rate of 21%, corresponding to a right exercise ratio of 100:21 (each shareholder owning 100 shares will receive 21 new shares).
The shareholder list will be finalized next week, December 24, 2024. The ex-dividend date is December 23, 2024. The issuance capital is taken from the remaining profit after tax, after setting aside funds in 2022.
After this dividend payment, BIDV 's charter capital is expected to increase by VND11,981 billion, from VND57,004 billion to VND68,975 billion. According to the plan submitted to shareholders at the previous consultation, BIDV will focus the increased capital on restructuring the credit portfolio, prioritizing small and medium enterprises, potential FDI enterprises and promoting green credit growth and retail. At the same time, the bank will invest in facilities, technology, digital transformation, and increasing competitiveness...
According to the latest update, the bank's individual capital adequacy ratio (CAR) by the end of 2023 is at 8.85%, still meeting the minimum requirement of 8% of the State Bank. Currently, BIDV's largest shareholder is the State Bank with an ownership ratio of nearly 81% of capital. In addition, strategic shareholder Keb Hana Bank holds 15% of the bank's shares. In total, the ownership ratio of foreign shareholders at BIDV is about 16.96%.
The year 2024 will see many capital increase deals of banks with many positive points, from small to large-scale banks. Regarding the state-owned banking sector, the National Assembly recently approved a plan to add nearly VND 20,700 billion in capital to the "big guy" Vietcombank. According to this plan, Vietcombank may also issue shares at a ratio of 49.5% to pay dividends, increasing capital to VND 83,557 billion, possibly the highest level in the banking industry.
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| BID stock price movement. |
In the third quarter of 2024, BIDV recorded consolidated net interest income of approximately VND 13,990 billion, up 1.5% over the same period last year; profit after tax reached nearly VND 5,214 billion, up 21.88% over the same period. Accumulated for 9 months, BIDV's net interest income reached VND 42,369 billion, up 2.7%; profit after tax reached nearly VND 17,658 billion, up 11.5% over the same period.
On the stock market, BID shares are trading at VND46,850/share, up about 8% compared to the end of last year. The market capitalization of this bank is approximately VND264,785 billion.
Source: https://baodautu.vn/bidv-sap-phat-hanh-gan-12-ty-co-phieu-tra-co-tuc-d233194.html
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