VIB is one of only few banks that have decided to pay dividends in cash this year. Photo cafef.vn At the annual general meeting of Vietnam International Bank (VIB) in HCM City on March 28, shareholders approved a dividend of 26.5 per cent for 2019, including 5.5 per cent in cash and the rest in shares. VIB is one of only few banks that have decided to pay dividends in cash this year. Market observers said though most have yet to hold their annual general meeting this year, many banks have indicated they would pay dividends in shares and not cash. Nam A Commercial Joint Stock Bank (Nam A Bank) was one of the first lenders to hold its annual general meeting. On March 23, its shareholders approved many important business plans and targets for this year, one of which was to pay a 16 per cent dividend but only in shares. In its consolidated financial statement sent to its shareholders ahead of this year’s annual general meeting, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) also reported that the undistributed profits is VND3.43 trillion (US$153.8 million) and would be retained to improve its financial capability. Some State-owned banks like BIDV,… Read full this story
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