BAC A BANK increased charter capital to 7,085 billion VND
(Baonghean.vn) - Recently, Bac A Commercial Joint Stock Bank (BAC A BANK) announced an increase in charter capital from 6,500 billion VND to 7,085 billion VND, an increase of 585 billion VND.
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| BAC A BANK regularly has incentive programs, providing preferential credit sources for customers. Photo: PV |
According to the proposal approved at the 2020 Annual General Meeting of Shareholders, BAB will increase capital from the bank's remaining after-tax profit in 2019, after setting aside funds. Specifically, BAC Á BANK will issue an additional 58.5 million shares to pay dividends, with a dividend ratio of 9.0%.
In addition, in 2020, the bank also plans to list all outstanding shares of BAB on the stock exchange.stock market.
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| BAC A BANK announced an increase in charter capital from VND 6,500 billion to VND 7,085 billion. Photo: PV |
Along with efforts to improve financial capacity, BAC A BANK has recently continuously diversified its portfolio of banking and financial products, improved the quality of customer service; at the same time, always demonstrated its determination to pursue a different strategy as an investment consulting bank for businesses in the field of high-tech applications in agriculture, rural areas, health, education and supporting industries for agriculture, achieving the goal of bringing this generation of investors to a new level, integrating with the international community.
The increase in charter capital is an important step in the long-term development strategy of Bac A Commercial Joint Stock Bank, demonstrating the determination of the Board of Directors in making BAC A BANK one of the leading commercial joint stock banks with a direction of safe, effective and sustainable growth.
