VIB approved to increase charter capital by nearly 4,300 billion VND

Increasing charter capital is one of the goals showing that VIB is closely following the roadmap to implement the resolutions of the 2025 General Meeting of Shareholders, including dividend payment, capital increase and promoting credit growth of 22%.

Accordingly, Vietnam International Commercial Joint Stock Bank (VIB - Code: VIB) increased its charter capital by nearly VND 4,300 billion through two forms: One is to issue shares to existing shareholders of VND 4,170.8 billion; Two is to issue bonus shares (ESOP) to employees of up to VND 78 billion from reserve funds to supplement charter capital of nearly VND 426 billion, undistributed profit after tax of VND 3,823 billion.

VIB aims for pre-tax profit of over VND 11,000 billion in 2025

Accordingly, VIB will issue more than 417 million shares to existing shareholders (14% ratio), corresponding to an increase in capital of about VND4,171 billion. At the same time, the bank plans to issue 7.8 million ESOP shares to employees, equivalent to 0.26% ratio, increasing charter capital by VND78 billion. Shares issued to existing shareholders will be freely transferable, while ESOP shares are restricted from transfer within 1 year from the date of issuance completion.

Notably, the State Bank requires that within a maximum of 10 working days from the date of completion of the share issuance in accordance with the provisions of law, VIB shall carry out procedures to amend and supplement its operating license in accordance with regulations.

Previously, at the General Meeting of Shareholders held at the end of March 2025, VIB approved a dividend payment plan of 21%, including 7% in cash and 14% in shares. In the first quarter of 2025, VIB recorded total revenue of more than VND 4,600 billion. Interest income reached more than VND 3,700 billion, while service activities and debt collection continued to contribute positively to revenue.

Especially in the context of continuing to implement interest rate reduction policies to support economic recovery and focus on high-quality customers, VIB maintains its net interest margin (NIM) at an optimal level of 3.6%.

According to the investigation, total assets as of March 31, 2025 reached nearly VND 496,000 billion. Outstanding loans reached VND 335,000 billion, an increase of more than 3% compared to the beginning of the year, with the retail ratio continuing to account for nearly 80%. The bad debt ratio was at 2.68%, while the capital adequacy ratio (CAR) according to Basel II reached 11.8%, higher than the minimum prescribed level of 8%.

The bank is currently implementing the resolutions approved at the 2025 General Meeting of Shareholders on schedule, including plans to pay dividends, increase charter capital, boost credit growth at 22% and aim for pre-tax profit of more than VND11,000 billion in 2025, an increase of 22% over the previous year./.

Source: https://baodaknong.vn/vib-duoc-chap-thuan-tang-von-dieu-le-them-gan-4-300-ty-dong-252550.html