According to experts, banks should continue to plan to pay dividends in shares to increase the ability to meet capital as well as financial capacity. The dividend method is considered appropriate in the context that many banks are still having...
Bac A Bank will debut 500 million shares, an equivalent to charter capital of VND5 trillion (US$219.3 million), on the Unlisted Public Company Market (UPCoM) on December 28 under the code BAB.
The State Bank of Viet Nam has approved plans by two additional commercial banks, OCB and Bac A Bank, to set up subsidiaries specialising in providing overseas remittance services.
Bac A Bank''s pre-tax profit in Q3 surged five times against the
same period last year to VND115 billion thanks to a sharp in
provisions for risk loans.
Bac A Bank plans to make its initial public offering (IPO) during
2016-2020, Thai Huong, the bank''s general director, said yesterday at
the annual shareholder meeting.
The Bank for Investment and Development of Vietnam (BIDV) and Bac A Bank signed a VND3.1 trillion ($147 million) credit agreement on August 13 with the Tan Thang Cement Joint Stock Company to build a cement plant.
While some small commercial banks failed to raise their charter capital
last year, some major lenders have already approved adding millions of
US dollars to their charter capital this year.