10.11.2020, 23:59

HDBank was approved to increase its charter capital to more than 16,000 billion VND

The State Bank of Vietnam approved HDBank to increase its charter capital from nearly 12,708 billion VND to more than 16,088 billion VND through the plan to issue more than 338 million shares to pay the second dividend of 2019.

Illustration. (Source: HDBank).

The State Bank of Vietnam (SBV) has just approved the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – Code: HDB) to increase its charter capital from nearly 12,708 billion to more than 16,088 billion dong through the plan to pay dividends by dividends. votes have been approved by the shareholders and the Bank’s Board of Directors.

Accordingly, the bank plans to issue more than 338 million shares to pay dividends in 2019, equivalent to approximately 26.92% of current outstanding voting shares and 35% of outstanding shares. on June 13, the time of the decision of the General Meeting of Shareholders.

Dividend distribution will be made in December of this year and procedures related to capital increase are expected in the first quarter of 2021, after the completion of the dividend.

Previously, HDBank completed the first dividend payment and bonus shares at the rate of 30%, increasing its charter capital from VND 9,810 billion to over VND 12,707 billion. Specifically, the bank has issued nearly 144.9 million new shares to pay the first dividend of 2019, corresponding to the payout ratio of 15% and 144.9 million bonus shares, corresponding to the rate of 15% bonus share.

In the first 9 months of the year, HDBank’s consolidated profit reached VND 4,381 billion, up 27.1% over the same period in 2019.

As of September 30, 2020, total consolidated assets reached more than VND 273,000 billion, an increase of 19.1% compared to the beginning of the year and an increase of 25.8% over the same period in 2019. Credit outstanding balance is VND 175,000 billion, increase 14.1% over the beginning of the year and increase 19.2% over the same period.

Regarding loan quality, HDBank’s NPL ratio is at 1.39%. CAR (according to Basel II) reached 10.9%, higher than the minimum level of 8%. The ratio of short-term capital for medium and long-term loans is 23.7% compared to the ceiling of 40%.

Source: vietnambiz.vn – Translated by fintel.vn