ACB to pay 10% dividends in shares

ACB’s shareholders will receive 2015 dividends in shares of 10 per cent. - Photo ebankplus.vn

HA NOI – The Asia Commercial Bank (ACB) plans to issue more than 89.6 million shares as payments for 2015 dividends.

According to the bank’s announcement, its shareholders will receive 2015 dividends in shares of 10 per cent. Deadline for registration is December 2 this year.

Previously, in October, ACB received approval from the State Bank of Viet Nam to increase charter capital from VND9.38 trillion (US$416 million) to VND10.27 trillion, in a plan ratified at the bank’s shareholders meeting.

ACB posted a pre-tax profit of VND415 billion in Q3, up 15.5 per cent against the same period last year. The bank’s total pre-tax profit in the first three quarters of this year rose 14 per cent to VND1.24 trillion.

The bank’s non-performing loans stood at 1.13 per cent at the end of September, inching down against 1.31 per cent reported early this year. - VNS

Tags ACB SBV

Việt Nam named among the 30 largest export economies

Economy

Code of conduct issued for real estate brokers

Economy

Việt Nam, Bulgaria look toward to new heights in trade volume

Economy

Women leaders: Việt Nam-Canada dialogue on gender equality

Economy

NA tackles amendments to advertising law, supports Vietnam Airlines' recovery

Economy

Việt Nam's stock market recovers but outlook remains uncertain

More on this story

Economy

Entrepreneur group launches VN chapter

A chapter of Entrepreneurs’ Organisation, a global community that enables entrepreneurs to learn and grow, was launched in HCM City late last week.

Economy

Cashew industry sets standards

The Việt Nam Cashew Association has set standards for cashew processing to nudge the industry towards cleaner production and ensure consistent quality.

Economy

Viet Capital Bank and FPT IS ink deal

Viet Capital Bank and FPT Information System (FPT IS) have signed a contract to modernise the bank’s transaction system with customers, targeting to better serve its customers and create a foundation to deploy Omni-channel banking services

Economy

S Korean investment at record high: official

The third investment wave from South Korea is now at its peak, according to Moon Byungcheol, Commercial Counsellor at the South Korea General Consulate in HCM City.

Economy

VN exporters fear protectionist Trump policy

BUSINESS BEAT

Economy

VN to miss 2016 export target

Việt Nam is unlikely to meet the 10 per cent export growth target for this year, said Minister of Industry and Trade, Trần Tuấn Anh.

Economy

Seaport complex licensed in Quảng Ninh

A US$300 million project, consisting of a seaport and industrial park at the Đầm Nhà Mạc area in Quảng Yên town in the northern province of Quảng Ninh, was granted an operating licence on Friday.

Economy

More foreign selling threatens local shares

Foreign traders have increased selling in local securities markets and could threaten the future outlook, which has remained at 665-675 points since the beginning of the month.

Economy

New pact to boost timber exports to EU

The doors are set to open wider for Vietnamese timber exports to Europe after Việt Nam and the European Union (EU) concluded negotiating a forestry pact.