BAC A BANK increased charter capital to 7,085 billion VND

Phu Huong DNUM_CGZBBZCACA 15:15

(Baonghean.vn) - Recently, Bac A Commercial Joint Stock Bank (BAC A BANK) announced an increase in charter capital from VND 6,500 billion to VND 7,085 billion, an increase of VND 585 billion.

BAC A BANK thường xuyên có các chương trình ưu đãi, cung cấp nguồn tín dụng ưu đãi cho khách hàng. Ảnh: P.V
BAC A BANK regularly has incentive programs, providing preferential credit sources for customers. Photo: PV
BAC A BANKhas been approved by the State Bank to increase charter capital according to Document No. 5456/NHNN-TTGSNH.


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 rate of 9.0%.

The additional charter capital is expected to be allocated to use 30 billion VND for investment in fixed assets and network development, 10 billion VND for other investments and 545 billion VND to provide credit to customers in priority areas according to the bank's orientation.
In addition, in 2020, the bank also plans to list all outstanding shares of BAB on the stock exchange.stock market.
BAC A BANK thông báo  tăng vốn điều lệ từ 6.500 tỷ đồng lên 7.085 tỷ đồng. Ảnh: PV
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 been constantly diversifying its portfolio of banking and financial products, improving the quality of customer service; at the same time, always demonstrating 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, healthcare, 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.

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BAC A BANK increased charter capital to 7,085 billion VND
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