From next year will receive a “rain” of cash dividends from 30% of annual profit after tax
In the plan approved by the General Meeting of Shareholders, VPBank will increase its charter capital to over VND 79 trillion, an increase of 76% compared to 2021. The capital increase plan will be implemented through ESOP stock issuance, share distribution. dividends in shares from undistributed profits and private placement to foreign investors.
Last year, this bank increased its charter capital from more than VND 25,000 billion to VND 45,000 billion. Thus, 2022 will be the second consecutive year that VPBank has stepped up its charter capital raising activities and will become the bank with the largest charter capital in the system after successfully implementing capital increase.
In 2021, after setting aside reserve funds for supplementing charter capital, financial reserve fund and recording net profit from the transfer of subsidiaries in 2021, the remaining total undistributed profit of Vpbank is 21,258 billion VND.
The General Meeting of Shareholders agreed on the plan to retain the remaining profit of VND 21,258 billion, in order to retain capital to serve the Bank’s business activities.
In 2022, VPBank aims to increase total assets to over VND 697,000 billion and pre-tax profit of VND 29,662 billion, up 27% and 107% respectively compared to 2021. In the first quarter, the bank recorded a profit. consolidated before tax reached over 11,146 billion dong, nearly 3 times higher than the same period last year and the highest ever.
At the end of the meeting, VPBank’s chairman “revealed” a good news to VPB shareholders. Specifically, Mr. Dung said: “With the capital foundation achieved by the end of this year, it is not only sufficient to ensure high growth as planned in the next 5 years, but the Board of Directors expects from next year to submit The General Meeting of Shareholders pays dividends in cash up to 30% of annual profit after tax”.
With an expected pre-tax profit in 2022 of VND 29,662 billion, assuming Vpbank’s 2022 profit after tax is VND 23,729 billion, 30% of after-tax profit is used to pay dividends equivalent to VND 7,118 billion. .
The number of shares after VPBank issues shares in 2022 to increase equity as expected by the bank is 6,743,429,680 shares.
Thus, it is calculated that each share will receive a cash dividend of more than 10,000 VND if this plan is approved by the General Meeting of Shareholders.
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at Blogtuan.info – Source: cafebiz.vn – Read the original article here
