BacABank issues nearly 69 million shares to increase its charter capital.

The Board of Directors of BacABank (code: BAB) has just announced a resolution to implement the first phase of increasing charter capital in 2025 through the issuance of shares as dividend payments for 2024 to shareholders.

Accordingly, the bank plans to issue nearly 69 million shares as dividend payments at a rate of 6.87%. The par value of each share is 10,000 VND, bringing the total par value of this issuance to over 689 billion VND.

The funding for this project will come from the accumulated undistributed profits of 2024 after the allocation of funds, ensuring compliance with legal regulations and approval by the general shareholders' meeting. Shares paid as dividends are not subject to transfer restrictions.

BacABank issued nearly 69 million shares to increase its charter capital.

Currently, BacABank's charter capital stands at VND 10,032 billion. The projected charter capital after the completion of the first capital increase in 2025 is over VND 10,721 billion. Furthermore, after the completion of the first capital increase in 2025, the bank plans to continue with a second capital increase. In the second phase, BacABank plans to offer over 107 million shares to existing shareholders at a ratio of 10% (each shareholder owning 10 shares will be entitled to purchase one new share).

The offering price is expected to be 10,000 VND per share, with a total value of over 1,072 billion VND at par value. The additional shares offered to shareholders are not subject to transfer restrictions. After completing both issuance rounds, BacABank will increase its capital by a maximum of over 1,761 billion VND, reaching nearly 11,794 billion VND, representing an increase of nearly 17.6%.

Regarding the capital utilization plan, the bank stated that the capital raised in the first phase (VND 689 billion) is expected to be used for lending to customers (lending to agriculture , forestry, and fisheries; lending to processing and manufacturing industries; lending to wholesale and retail businesses...). Of the capital raised in the second phase (VND 1,072 billion), VND 600 billion will be used for investment and trading in securities, and the remaining VND 472 billion will be used for lending to customers.

For the first nine months of 2025, BacABank's pre-tax profit reached VND 816.3 billion, almost unchanged compared to the same period last year and completing nearly 62.8% of the 2025 plan (VND 1,300 billion).

As of September 30, 2025, the bank's total assets reached VND 191,965 billion, an increase of nearly VND 16,600 billion, equivalent to a 9.5% increase compared to the beginning of the year. Outstanding loans to customers reached VND 125,356 billion, an increase of 14.4%; while loan loss provisions increased by 16.5% to VND 1,542 billion.

The bank's deposit mobilization reached VND 130,419 billion, an increase of 6.4% compared to the beginning of the year. The bank also issued VND 26,349 billion in other securities, an increase of VND 10,328 billion, equivalent to a 64.5% increase compared to the beginning of the year.

Source: https://baodautu.vn/bacabank-phat-hanh-gan-69-trieu-co-phieu-de-tang-von-dieu-le-d496224.html