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LienVietPostBank to increase 2016 dividend payment

Mar 23rd at 20:46
23-03-2017 20:46:10+07:00

LienVietPostBank to increase 2016 dividend payment

LienVietPostBank has proposed adjusting the 2016 dividend payment plan following improved business performance.

 

The bank has proposed paying dividend of 10 per cent instead of 8 per cent as approved by the bank’s shareholders meeting last year. The adjustment plan will be considered for approval at the bank’s shareholders meeting this year on March 25 in HCM City.

LienVietPostBank posted pre-tax profit of nearly VND1.35 trillion (US$60.26 million) in 2016, 3.2 times higher than the previous year.

Thanks to a recoupment of VND509 billion of non-performing loans (NPL) in 2016, the bank’s NPL ratio by the end of 2016 stood at 1.08 per cent of total outstanding loans.

The bank plans to increase charter capital from VND6.46 trillion to VND7 trillion this year through the issue of 54 million shares.

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