VIB Deputy General Director registered to buy 3 million shares

ANTD.VN - Mr. Ho Van Long announced the stock transaction of an insider of Vietnam International Commercial Joint Stock Bank (code VIB-HOSE). The transactions are expected to be carried out from November 7 to December 6, 2024 by order matching and negotiation methods.

Accordingly, Mr. Ho Van Long, Deputy General Director and Chief Financial Officer of VIB, has just registered to buy 3 million shares of this bank to increase investment in valuable assets. The transactions are expected to be carried out from November 7 to December 6, 2024 by order matching and negotiation methods.

If the transaction is successful, Mr. Long will increase his holding ratio of VIB shares, the total new holding will reach about 14.53 million shares (not including 1.96 million bonus shares for existing shareholders at a rate of 17% and nearly 150 thousand bonus shares under the employee option program in the company waiting to return), corresponding to the ownership ratio of 0.573% of capital at VIB.

At the end of the trading session on November 1, 2024, VIB stock price closed at VND 18,850/share and increased by more than 19% since the beginning of the year. It is estimated that with this price, Mr. Long had to spend nearly VND 57 billion to own the above registered shares.

Mr. Long's announcement of registration to purchase VIB shares took place in the context that VIB has just announced its Q3/2024 business results with many positive points. In particular, VIB's credit and mobilization growth outperformed the industry, at 12% and 8% respectively, thanks to the active deployment of a series of new lending and mobilization products, with the most competitive and attractive interest rates on the market.

In addition, asset quality is improving thanks to debt management strategies and early prevention measures, with group 2 debt decreasing by 27%, equivalent to about VND 4,000 billion compared to the beginning of the year. In addition, with credit space still quite good and asset quality improving strongly, the bank also expects strong credit growth in the fourth quarter, continuing to increase revenue in parallel with reducing bad debt ratio and provisioning costs.

In terms of profit, VIB continues to maintain its position as the top private bank with leading efficiency, with accumulated profit in the first 9 months of the year reaching over VND 6,600 billion, ROE reaching 19%, maintaining leading efficiency. Previously, VIB was also honored as one of the top 4 private banks paying the most taxes in Vietnam in 2023. In early October 2024, VIB was also awarded the "Corporate Excellence Award 2024" by Enterprise Asia.

VIB is one of the banks with the highest dividend payout ratio in the Vietnamese stock market in the past 2 years, with a dividend payout ratio of 35% in 2023 (of which 15% is cash, 20% is bonus shares) and 29.5% in 2024 (of which 12.5% ​​is cash, 17% is bonus shares).

Source: https://www.anninhthudo.vn/pho-tong-giam-doc-vib-dang-ky-mua-3-trieu-co-phieu-post594502.antd