Bank shareholders “warm pockets”

Pay dividends at the same time

On April 27, VietA Bank’s Board of Directors will submit to shareholders for approval a plan to increase charter capital by 2,106 billion VND, equivalent to an increase of 39% compared to the current level through the issuance of shares to distribute dividends from the source. Undistributed profits and reserve fund to supplement charter capital. After completing the dividend distribution, VietA Bank’s charter capital will reach more than 7,505 billion VND. Issuance time will be decided after receiving approval from the State Bank and the State Securities Commission.

Previously, on March 29, 2024, the Nam A Bank shareholders’ meeting approved the plan to pay 2023 dividends in shares at the rate of 25% of charter capital. The release source is undistributed profits in 2023 (after funds have been deducted) and undistributed profits from previous years. If the plan is successful, Nam A Bank’s charter capital will increase by VND 2,654 billion. The increase in charter capital in 2024 is to implement the strategic orientation of developing Nam A Bank until 2025, vision 2030; Improve financial capacity, meet business development and risk management requirements.

In 2024, Nam A Bank sets a profit target of 4,000 billion VND, dividends at 25%…

April 24 is the ex-rights trading day to finalize the list of shareholders receiving dividends of Saigonbank (code SGB). The payout ratio is 10%, equivalent to shareholders owning 100 shares will receive 10 new shares. With 308 million outstanding shares, Saigonbank will issue 30.8 million new shares to pay dividends. The issuance value at par value is 308 billion VND. By spending 308 billion VND to issue shares to pay dividends, Saigonbank has spent more than the profit it earned in the past (in 2023, Saigonbank reported a profit after tax of nearly 267 billion VND, an increase of 41% compared to 2022). However, as of December 31, 2023, Saigonbank still has nearly 672 billion VND in undistributed after-tax profits.

ACB’s shareholders’ meeting, which took place on April 4, approved the 2023 dividend plan from the retained profits of 2023 and the remaining undivided profits from previous years, with 19,886 billion VND. Accordingly, ACB pays dividends at a rate of 25%, of which 15% is in stocks and 10% is in cash, corresponding to the use of retained profits of VND 9,710 billion. ACB’s Board of Directors said that this dividend rate is expected to be applied by the Bank in 2024, with the corresponding capital used being 11,166 billion VND. With the above 2023 dividend payment, ACB will increase its charter capital to 44,666 billion VND, an additional 5,800 billion VND, corresponding to more than 582 million additional shares issued. The expected time to complete the release plan is the third quarter of 2024.

OCB’s shareholders’ meeting, taking place on April 15, 2024, also approved a plan to issue nearly 411 million shares to pay dividends to existing shareholders, at a rate of 20%. Capital used from accumulated undistributed profits until December 31, 2023. Meanwhile, MBB plans to pay dividends in 2023 with a total rate of 20%, including cash dividends of 5% and stock dividends of 15%.

… and bonus shares

On April 20, Techcombank’s shareholders’ meeting approved a cash dividend plan at a rate of 15%. Notably, Techcombank also plans to issue bonus shares at a 1:1 ratio to increase charter capital from VND 35,225 billion to VND 70,450 billion. The expected time to complete the capital increase by issuing shares is in 2024, or until Techcombank completes the procedures as prescribed by law. It can be said that this is a big change for Techcombank after 10 consecutive years of retaining profits to strengthen its capital base and business development.

According to Techcombank leaders, changing the dividend payment policy is based on an assessment of profit potential, capital situation and forecasts of policy changes. With existing platforms, Techcombank can pay dividends in cash, while still maintaining a revenue and profit growth rate of 20% per year as well as safety ratios as proposed in the strategy.

Previously, VIB’s shareholders’ meeting on April 2 approved a plan to increase charter capital to VND 29,791 billion this year, an increase of 17.44% compared to the present. VIB shareholders also agreed with the dividend payment plan at a rate of 29.5%, including 12.5% ​​cash dividends and 17% bonus shares. VIB has just announced the Board of Directors Resolution on the time to finalize the list of shareholders to pay the remaining 6.5% cash dividend in 2023 (each share receives 650 VND). Accordingly, the closing date for the second round of cash dividends is April 19, 2023 and the payment date is May 17, 2024. With more than 2,536.8 million outstanding shares, it is expected that VIB will spend nearly 1,649 billion VND to pay dividends to shareholders. Previously, VIB closed the list on January 22 to advance the first 2023 dividend in cash at a rate of 6%.

HDBank also plans to submit to the 2024 annual shareholders’ meeting (taking place on April 26) a 2023 dividend plan at the rate of 25%, including 10% cash and 15% shares. Notably, the 2024 dividend plan is expected to be up to 30%, including cash and stocks. In previous years, HDBank always followed the tradition of paying regular dividends every year at a high rate. With the 2023 dividend payment of 15%, the bank plans to increase charter capital by VND 4,569 billion, from VND 29,076 billion to VND 33,645 billion through issuing dividend-paying shares, helping to further improve health indicators. Financial health, which is already at a high level in the industry, is the strategic foundation for sustainable development in the coming years.

VietinBank also plans to submit to shareholders a plan to distribute nearly 14,000 billion VND of remaining profit in 2023. In 2023, VietinBank’s individual after-tax profit will reach 19,457 billion VND, after setting up funds, the remaining profit is 13,927 billion VND. In addition, the Bank also has a plan to distribute profits in 2022, profits in 2021 and remaining profits accumulated until the end of 2016 to increase charter capital. The final division will require approval from the competent State agency.

Previously, at the Conference to deploy banking tasks in 2024, Chairman of the Board of Directors of VietinBank Tran Minh Binh said that currently, VietinBank has received opinions from the State Bank and the Ministry of Finance allowing it to retain all 2022 profit set (11,678 billion VND) to increase capital through stock dividends. VietinBank Chairman also proposed the competent authorities to approve the policy allowing the Bank to retain all annual profits of the period 2024 – 2028 to increase capital, improve financial capacity, and expand operations. Credit.

However, despite submitting plans and proposals for a long time, up to now the process of increasing VietinBank’s capital is still quite slow. In 2023, this bank has completed issuing more than 564 million shares to pay dividends, a rate of 11.7415%. Capital issued from profits after taxes, after fund deductions and cash dividends in 2020. This is the dividend plan approved by the 2022 annual general meeting of shareholders. VietinBank’s charter capital has increased from VND 48,057 billion to nearly VND 53,700 billion.

Van Linh