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ACB to pay 10% dividends in shares

Nov 21st at 16:55
21-11-2016 16:55:41+07:00

ACB to pay 10% dividends in shares

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.

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