Some banks have announced plans to pay cash dividends to shareholders for the first time in three years. (Photo: VNA)
Hanoi (VNS/VNA) - Some banks have announced plans topay cash dividends to shareholders for the first time in three years.
Accordingly, TPBank is due to pay a cash dividend at a rate of 25%instead of a stock dividend like in previous years. This means thatshareholders will receive 2,500 VND (0.11 USD) per owned share.
The payment is expected in the first quarter of 2023. The sourceis from undistributed profits as of 2021 after disbursing funds according tothe audited financial statements.
This is the first bank to consult shareholders on cash dividendpayments this year.
TPBank said that accumulated to the end of 2022, the remainingprofit and surplus from funds reached more than 13.36 trillion VND. Of which,the undistributed profit until 2021 after distributing to funds was nearly 5.5trillion VND.
Last year, TPBank also recorded a 30% growth in profit before taxto nearly 7.9 trillion VND, thanks to an increase in fee income and therecovery of customers whose debts were extended during the pandemic, so riskprovisions were reduced.
Previously, Vietnam International Commercial Joint Stock Bank(VIB) said that if it is approved by the general meeting of shareholders andapproved by the State Bank of Vietnam, it can pay a cash dividend of up to 35%of the charter capital, meaning that shareholders owning one VIB share canreceive 3,500 VND in dividends. According to VIB's representative, the paymentrate could be higher if irregular revenues were recorded in 2022.
In 2022, VIB recorded a profit before tax of more than 10.58trillion VND, an increase of 32% over the previous year.
Similarly, Vietnam Prosperity Commercial Joint Stock Bank (VPBank)and Asia Commercial Joint Stock Bank (ACB) also plan to pay cash dividends thisyear./.
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Some banks have announced plans to pay cash dividends to shareholders for the first time in three years. (Photo: VNA) 
