The plan will be conducted via the issuance of 2016 dividend-paying stocks worth nearly VND2,393 billion (US$104 million), shares for investors worth VND1,026 billion (US$44.6 million) and others for employees, known as Employee Stock Ownership Plan (ESOP) valued at VND1,026 billion. As of the first quarter this year, BIDV posted a total asset of VND1,025 trillion (US$44.56 billion), up 1.8% from early this year, and before-tax profit of VND2,075 billion, marking a 9.2% increase annually. As of December 31, 2016, the bank recorded a total asset worth VND1,006,404 billion (US$43.75 billion), up 18.3% year-on-year, accounting for 14% of the sector’s total asset value. The deposits and before-tax profit rose 21.1% and 3.2%, respectively to VND940,020 billion and VND7,709 billion. The meeting elected a 10-strong board of directors for the 2017-2020 tenure led by Phan Duc Tu as General Director and Tran Anh Tuan as executive member.
BIDV plans to raise charter capital this year
The Bank for Investment and Development of Vietnam (BIDV) planned to raise its charter capital by VND4,445 billion (US$193.2 million) to VND38,632 billion (US$1.67 billion) this year as said during its annual shareholders’ meeting in Hanoi on April 22.
VNA
