tk88 bet

Domestic banks' shareholders get high dividend payouts

Domestic banks’ shareholders get high dividend payouts

After years of receiving low dividend payout rate by banks, shareholders of many banks are now happy with the high rates announced at this year’s annual general meetings (AGMs) of shareholders.
Domestic banks’ shareholders get high dividend payouts ảnh 1Illustrative image (Source: viettimes.vn)

Hanoi (VNA) - After years ofreceiving low dividend payout rate by banks, shareholders of many banks are nowhappy with the high rates announced at this year’s annual general meetings(AGMs) of shareholders.

Few years ago, the highest rate of dividend payoutwas only 9 percent. The threshold was also the cap that the central bankallowed commercial banks to pay as dividends for shareholders.

However, the situation is quite different thisyear with banks escaping from the regulation and paying dividends depending ontheir business performance.

During the AGMs this year, many banks approvedto pay high dividends, mainly by shares. This is good news for shareholders asthe banking share price has risen sharply over the past year and still has apositive outlook.

The highest dividend payout so far has beenreported at VPBank. At its recent AGM, the bank approved to pay dividends andbonus shares at the impressive rate of 67 percent for 2017, a record high inthe banking industry.

The bank also said the dividend payout ratiothis year would be more than 60 percent if the bank achieved a profit of morethan 10 trillion VND (440.5 million USD).

VIB also approved the 2017 dividend payment planfor shareholders at its recent AGM, with 5 percent in cash and 31 percent in shares.

In the previous years, MB’s dividend payout ratiowas some 10 percent. But at this AGM, the bank announced the 2017 ratio at 25 percent.

High dividend payout rates were also reported atLienVietPostBank with 15 percent against 10 percent last year, and OCB with14.2 percent.

According to TP Bank chairman Do Minh Phu, besidesthe plan of IPO (initial public offering) on April 19 and offering of 15 percentof shares to investors, the bank may pay dividends this year at the rate of 28 percent.

According to experts, besides making shareholders happy, thedividend payout in shares also helps banks to increase charter capital, improvetheir financial capacity and meet Basel II standards.-VNA
VNA

See more

High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

💟 OECD Economic Surveys: Vietnam 2025 report released

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|