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VPBank buys back 50 million shares

Update: October, 24/2019 - 14:45


VPBank (VPB) spent VNĐ1.1 trillion (US$47 million) to buy the shares. — Photo

HÀ NỘI — Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) has purchased back 50 million shares, according to the the Hồ Chí Minh Stock Exchange (HoSE).

VPBank (VPB) spent VNĐ1.1 trillion (US$47 million) to buy the shares.

VPBank's leaders said that the purchase aims to stabilise VPBank's stock price.

The credit segment contributed VNĐ7.97 trillion to the net profit of VPBank in Q3, up 33 per cent.

Meanwhile, the service segment contributed VNĐ708 billion to the net profit, up 77 per cent.

On the contrary, the foreign exchange segment recorded a net loss of VNĐ81.4 billion.

In Q3, VPBank recorded VNĐ6.37 trillion in net profit, an increase of 42 per cent over the same period last year. After deducting provision expenses, pre-tax profit reached VNĐ2.85 trillion, up 63 per cent.

In 9 months, the bank's pre-tax profit was VNĐ7.19 trillion, up by 18 per cent. — VNS


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