HDBank to issue ESOP shares to attract talents

23-Oct-2021 Intellasia | Dau tu Online | 5:02 AM Print This Post

HCM City Development Commercial Joint Stock Bank (HDBank) has announced the issuance of shares under Employee Stock Ownership Plan (ESOP) approved by the general Meeting of Shareholders. The transfer restriction period is three years.

Previously, HDBank’s Board of directors (BOD) submitted shareholders a plan to issue 40 million ESOP shares, thereby raising the bank’s charter capital by 400 billion dong.

The issuance of ESOP shares aims to recognise the contributions of HDBank’s staff over the years and at the same time to encourage the spirit at work and long-term commitment of employees, contributing to improving the bank’s business efficiency.

The issuance price is 10,000 dong per share, expected to be implemented in the fourth quarter of 2021 after the issuance plan is approved by the authorities.

In early October 2021, HDBank’s shareholders received share dividends for year 2020 at the payment rate of 25%.

HDBank has just announced the preliminary business results in the first nine months of 2021 with high growth. The bank’s pre-tax profit was over six trillion dong, completing over 82 percent of the year plan. The ratio of separate bad debts was below one percent. The outstanding credit to potentially risky sectors and the restructured debts were controlled.

The Return on Equity (ROE) of HDBank was nearly 24%, sharply up compared to the 21.1 percent recorded in the same period of last year. The bank’s capital safety and liquidity were ensured with Capital Adequacy Ratio (CAR, according to Basel II) of over 13%.

In the stock market, by the end of the session on October 20th, HDBank’s share price stood at 25,050 dong per share.


Category: Finance, Vietnam

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