HDBank to pay 35 per cent dividend

Wednesday, Apr 18, 2018 08:29

HD Bank has announced a dividend of 35 per cent for 2017. — Photo HDBank

Housing Development Bank (HD Bank) has announced it will pay a dividend of 35 per cent for last year, 15 per cent in cash and 20 per cent in the form of bonus stocks.

It had paid 30 per cent for 2016.

The lender reported a pre-tax profit of VND2.42 trillion (US$106 million) for 2017, representing a year-on-year increase of 110.6 per cent.

The HCM City Securities Corporation has forecast pre-tax profit of nearly VND4 trillion ($175 million) for this year.

It expects HDBank to have outstanding loans of VND189 trillion ($8.3 billion) at the end of this year and increase deposits by 20 per cent.

The bank has said it will use Big Data and provide financial services to supply chains. — VNS

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