HDBank to close list of shareholders for dividend payment

HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) said that August  二 七 will be the last registration date for Hồ Chí Minh City Development Joint Stock Co妹妹ercial Bank (HDBank, HDB) to complete a list of shareholders entitled to receive dividends in  二0 二0 in shares.

Based on the approved plan, the bank is expected to issue  三 九 八. 四 million shares to pay dividends to shareholders with a rate of  二 五 per cent and increase capital by nearly VNĐ 四 trillion (US$ 一 七 四 million). 

The capital source for issuance is from accumulated undistributed profits according to the  二0 二0 financial statements which have been audited and made provision for funds.

After completing the dividend payment, HDBank's new charter capital will reach over VNĐ 二0 trillion, which is ready for a higher growth plan according to the proposed strategy.

Recently, HDBank announced the Basel III implementation. International credit rating agency Moody's Investors Service (Moody's) has just upgraded its credit rating outlook from "Stable"大众to "Positive公众as HDBank's baseline credit assessment (BCA) maybe upgraded in the next  一 二 -  一 八 months. According to Moody's, the bank's capital capacity will continue to be stable, meeting the total asset growth plan.

HDBank is forecasted to record positive business results with better growth than the industry on average.

On the stock market, HDB shares, which are listed on HoSE, closed yesterday's trade at VNĐ 三 二, 九00 per share, up  一. 二 三 per cent. VNS