VietABank expects profit of 410b dong in 2012

In the annual general meeting (AGM) held on May 29, the shareholders of Viet A Commercial Joint Stock Bank (VietABank) have approved for the 2011 business results and worked out targeted year plan.

In details, last year, VietABank reported gaining total after tax profit of 248 billion dong. With such results, the bank would pay dividend at 6 percent for existing shareholders.

This year, VietABank plans to hike chartered capital to 5 trillion dong via issuing additional shares valued at 1.902 trillion dong to offer for existing shareholders and domestic partners. As planned, the bank would use the bank’s capital surplus for issuing shares worth 108.2 billion dong, and issue 309.8 billion dong shares to offer for existing shareholders at applied ratio of 10%, with price of 10,000 dong per share. In addition, the bank would offer shares valued at 1.483 trillion dong for investors and domestic partners with price no less than 10,000 dong per share.

With chartered capital of 5 trillion dong, VietABank expected to reach total asset value of 37 trillion dong, total outstanding loans of 13.315 trillion dong, after tax profit of 410 billion dong and pay dividend at 10 percent this year.

 

Category: Finance