BAC A BANK increases its charter capital to VND 7,085 billion.
(Baonghean.vn) - Recently, Bac A Commercial Joint Stock Bank (BAC A BANK) announced an increase in its charter capital from VND 6,500 billion to VND 7,085 billion, an increase of VND 585 billion.
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| BAC A BANK regularly offers promotional 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 its capital from the bank's remaining after-tax profit in 2019, after allocating funds. Specifically, BAB A BANK will issue an additional 58.5 million shares to pay dividends, with a dividend payout ratio of 9.0%.
In addition, in 2020, the bank also plans to list all of BAB's outstanding shares on the stock exchange.stock market.
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| BAC A BANK announced an increase in its charter capital from VND 6,500 billion to VND 7,085 billion. Photo: PV |
Alongside its efforts to enhance financial capacity, BAC A BANK has recently been continuously diversifying its portfolio of banking and financial products, improving customer service quality; and consistently demonstrating its commitment to pursuing a differentiated strategy as an investment advisory bank for businesses in high-tech applications in agriculture, rural areas, healthcare, education, and supporting industries for agriculture, aiming to elevate this generation of investors to a new level and integrate them internationally.
The increase in charter capital is an important step in the long-term development strategy of Bac A Commercial Bank, demonstrating the leadership's determination to make BAC A BANK one of the leading commercial banks with a focus on safe, efficient, and sustainable growth.
