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HDBank pays cash dividend at 10% rate

VnExpressVnExpress12/05/2023


Ho Chi Minh City Development Joint Stock Commercial Bank ( HDBank , stock code: HDB) closes the list of shareholders entitled to receive cash dividends expected to be May 30.

Accordingly, shareholders whose names are on the list on the last registration date will receive VND1,000 per share. The expected dividend payment date for shareholders is June 12.

Previously, sharing with investors at the Investor Conference event in the first quarter of 2023, Mr. Pham Van Dau, Chief Financial Officer of HDBank, said that the bank has accelerated the completion of procedures so that shareholders can receive cash dividends as soon as possible, possibly at the end of May or early June.

Customers come to transact at HDBank branch. Photo:

Customers come to transact at HDBank branch. Photo: Minh Nhat

HDBank's 2023 Annual General Meeting of Shareholders approved a plan to pay a cash dividend of 10% and a stock dividend of 15%. According to the bank's statistics, in the past 10 years, investors holding HDB shares have achieved a steady return of about 20% per year, exceeding the compound growth rate of the VNIndex as well as the VN30 basket.

After completing the above plan, HDBank's charter capital will increase to VND 29,276 billion. In 2022, HDBank recorded pre-tax profit of over VND 10,268 billion, up 27.2% over the same period and completing 105% of the plan. ROE reached 23.5%; ROA reached 2.1%, higher than the same period in 2021.

In the first quarter of 2023, the bank's pre-tax profit reached VND2,743 billion. Capital adequacy ratios, bad debt, and profitability ratios continued to remain at a good level. The capital adequacy ratio (CAR) according to Basel II standards reached 12.5%, of which the Tier 1 capital adequacy ratio reached 10%. The consolidated bad debt ratio was 1.8% and the individual ratio was 1.5%. Operating expenses were effectively managed, with the cost/income ratio at 34.6%, improving from 39.3% at the end of 2022.

An Nhien



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