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VietNamNews

Vietinbank pays high dividends

Update: September, 03/2013 - 11:20
Vietinbank (CTG) has announced it will pay a dividend in cash at 16 per cent of charter capital. The rate is the highest amongst the commercial banks.— Photo nguoiduatin

HA NOI (VNS)— Vietinbank (CTG) has announced it will pay a dividend in cash at 16 per cent of charter capital. The rate is the highest amongst the commercial banks.

The total cash payment will mount to nearly VND4.2 trillion (US$198.1 million), in which State shareholders will receive VND3.37 trillion ($158.9 million).

The charter capital referred to is the level before the Bank of Tokyo-Mitsubishi UFJ became its strategic foreign partner, equivalent to VND26.2 trillion ($1.2 billion).

The dividends are expected to be paid on September 24.-VNS

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