VIB shares to be traded on HoSE from November 10

29-Oct-2020 Intellasia | Tri Thuc Tre | 6:02 AM Print This Post

Vietnam International Commercial Bank (VIB) recently announced to officially list shares on the HCM City Stock Exchange (HoSE) from October 16, 2020. The first trading date is expected to be November 10, 2020. The reference price on the first trading day will be based on the provisions of law to determine and be informed by the bank later. Number of listed shares is more than 924.49 million shares.

Previously, the bank also announced to cancel the registration of stock trading on UPCoM from October 30, 2020, which means the last session on UPCoM was October 29, 2020.

At the end of today’s session (October 26), VIB’s share price stood at 33,200 dong per share. The price of this stock has increased by 88 percent in the past three months.

In the first nine months of the year, VIB’s pre-tax profit reached 4.025 trillion, an increase of 38 percent compared to the same period last year. Revenue from service activities reached 1.637 trillion dong, accounting for 21 percent of total revenue, the ratio of operating expenses to revenue remained at 40%. Provision expenses increased by 27 percent over the same period last year. Average ROE is 28.9%, one of the highest in the industry.

As of September 30, 2020, VIB’s total assets were over 213 trillion dong, credit outstanding balance was over 151 trillion dong, up 14.2 percent year-on-year, nearly three times higher than industry average. NPLs ratio is below two percent, lower than Q2.


Category: Finance, Vietnam

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