BIDV plans to raise charter capital this year

At the event (Source: VNA)

Hanoi (VNA) –The Bankfor Investment and Development of Vietnam (BIDV) planned to raise its chartercapital by 4,445 billion VND (193.2 million USD) to 38,632 billion VND (1.67billion USD) this year as said during its annual shareholders’ meeting in Hanoion April 22.

The plan will be conducted viathe issuance of 2016 dividend-paying stocks worth nearly 2,393 billion VND (104million USD), shares for investors worth 1,026 billion VND (44.6 million USD) andothers for employees, known as Employee Stock Ownership Plan (ESOP) valued at1,026 billion VND.

As of the first quarter thisyear, BIDV posted a total asset of 1,025 trillion VND (44.56 billion USD), up1.8 percent from early this year, and before-tax profit of 2,075 billion VND,marking a 9.2 percent increase annually.

As of December 31, 2016, the bankrecorded a total asset worth 1,006,404 billion VND (43.75 billion VND), up 18.3percent year-on-year, accounting for 14 percent of the sector’s total assetvalue. The deposits and before-tax profit rose 21.1 percent and 3.2 percent,respectively to 940,020 billion VND and 7,709 billion VND.

The meeting elected a 10-strongboard of directors for the 2017-2020 tenure led by Phan Duc Tu as GeneralDirector and Tran Anh Tuan as executive member. -VNA 

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