Vietnam International Bank ( VIB ) has just officially increased its charter capital to over VND34,000 billion after distributing more than 417 million bonus shares to shareholders and issuing ESOP to more than 1,300 employees.
Vietnam International Commercial Joint Stock Bank (VIB) has just announced that it has completed two stock issuances including stock dividends and employee stock issuance (ESOP), thereby officially increasing its charter capital to more than VND34,040 billion.
Specifically, VIB has issued more than 417 million bonus shares to 33,684 shareholders at a rate of 14% (equivalent to 14 additional shares for every 100 shares). The capital for implementation is drawn from the charter capital supplementary reserve fund and undistributed after-tax profit until the end of 2024.
At the same time, the bank also successfully distributed more than 7.79 million ESOP shares to 1,372 employees. Because the actual number of recipients was lower than the original list of 1,406 people, 107,337 shares were revoked and continued to be distributed to the employees on the list.
Notably, many senior leaders of VIB are on the list of receiving ESOP shares this time. Of which, Mr. Ho Van Long - Deputy General Director, Director of Retail Banking and Chief Financial Officer received 134,085 shares; Mr. Tran Nhat Minh - Deputy General Director and Chief Technology Officer received 115,797 shares;
Mr. Nguyen Xuan Dung received more than 103,000 shares, Ms. Nguyen Thi Mong Tuong received more than 100,000 shares; General Director Han Ngoc Vu also received nearly 88,400 shares.
The remaining odd shares from the two issuances (totaling 10,473 shares) were privately offered by VIB to individual Truong Le Ngoc Tram at a price of VND17,034/share, earning nearly VND180 billion.
Previously, VIB was approved by the State Bank to increase its capital by more than VND4,248 billion through two forms: issuing shares to existing shareholders (VND4,170 billion) and ESOP (VND78 billion). The new shares are expected to be transferred before September 30, 2025.
Recently, VIB also announced spending VND 2,000 billion to buy back all bonds coded VIBL2427001 (VIB12401) before maturity, issued exactly one year ago on July 24, 2024. The bonds have a term of 3 years, and are scheduled to mature in 2027.
This is not the first time VIB has proactively settled bonds ahead of schedule. Previously, on February 28, 2025, the bank spent VND948 billion to buy back bonds with code VIBL2226001, issued from February 2022 with a term of 4 years.
The continuous repurchase of bonds before maturity shows the bank's proactive move to restructure capital sources and control mobilization costs in the context of fluctuating interest rates and liquidity.
Source: https://baolamdong.vn/von-dieu-le-vib-vuot-34-000-ty-dong-383967.html
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