BIDV is about to issue nearly 1.2 billion shares to pay dividends.

After this bonus distribution, the charter capital of the Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) is expected to increase by VND11,981 billion, from VND57,004 billion to VND68,975 billion.

After this bonus distribution, the charter capital of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is expected to increase by VND11,981 billion, from VND57,004 billion to VND68,975 billion.

Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV, code BID, HoSE) plans to issue nearly 1.2 billion shares at a rate of 21%, corresponding to a right exercise ratio of 100:21 (each shareholder owning 100 shares will receive 21 new shares).

The shareholder list will be finalized next week, December 24, 2024. The ex-dividend date is December 23, 2024. The issuance capital will be taken from the remaining profit after tax, after setting aside funds in 2022.

After this dividend payment, BIDV 's charter capital is expected to increase by VND11,981 billion, from VND57,004 billion to VND68,975 billion. According to the plan submitted to shareholders at the previous consultation, BIDV will focus the increased capital on restructuring the credit portfolio, prioritizing small and medium enterprises, potential FDI enterprises and promoting green credit growth and retail. At the same time, the bank will invest in facilities, technology, digital transformation, and increasing competitiveness...

According to the latest update, the bank's individual capital adequacy ratio (CAR) by the end of 2023 was 8.85%, still meeting the State Bank's minimum requirement of 8%. Currently, BIDV's largest shareholder is the State Bank with a ownership ratio of nearly 81% of capital. In addition, strategic shareholder Keb Hana Bank holds 15% of the bank's shares. In total, the ownership ratio of foreign shareholders at BIDV is about 16.96%.

The year 2024 will see many capital increase deals of banks with many positive points, from small to large-scale banks. For the state-owned banking sector, the National Assembly recently approved the policy of adding nearly 20,700 billion VND in capital to the "big guy" Vietcombank . According to this plan, Vietcombank can also issue shares at a ratio of 49.5% to pay dividends in the near future, increasing capital to 83,557 billion VND, possibly the highest level in the banking industry.

BID stock price movements.

In the third quarter of 2024, BIDV recorded consolidated net interest income of approximately VND 13,990 billion, up 1.5% over the same period last year; profit after tax reached nearly VND 5,214 billion, up 21.88% over the same period. Accumulated for 9 months, BIDV's net interest income reached VND 42,369 billion, up 2.7%; profit after tax reached nearly VND 17,658 billion, up 11.5% over the same period.

On the stock market, BID shares are trading at 46,850 VND/share, an increase of about 8% compared to the end of last year. The market capitalization of this bank is approximately 264,785 billion VND.

Source: https://baodautu.vn/bidv-sap-phat-hanh-gan-12-ty-co-phieu-tra-co-tuc-d233194.html