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Vietcombank to pay ten per-cent dividend

Update: June, 18/2015 - 09:04
A Vietcombank transaction office in Viet Nam. The bank will pay its dividend in cash for last year. — Photo
HA NOI  (VNS) — According to the Viet Nam Securities Depository, JSC Bank for Foreign Trade of Viet Nam (Vietcombank or VCB) will pay the ten-per-cent dividend for last year on July 30.

VCB decided to pay its dividend for last year in cash, which is VND2.66 trillion (US$123.4 million), equal to 45.35 per cent of last year's after-tax profit of VND5.87 trillion.

After deducting the dividend and increases to its budget, VCB has VND374 billion ($17.3 million) in unreserved capital. The State Bank of Viet Nam (SBV) owns 77.11 per cent of Vietcombank's stakes, which means the SBV will receive VND2.05 trillion ($95 million) in dividends.

This year, VCB plans to make VND9.5 trillion ($440 million) in after-tax profits and pay a ten-per-cent dividend. — VNS

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