Vietcombank to spend nearly $130 million for 2018 dividends

With 3.7 billion outstanding shares, the Vietnamese lender will spend almost VND3 trillion for the above payment, according to decision from the board of directors.

The final registration date for receiving dividends is December 31, 2019 and the date of payment is scheduled January 15, 2020.

During the first 9 months of 2019, Vietcombank reported pretax profit at nearly $763.5 million, up 50.76% over the same period last year, completing more than 88% of the whole-year plan. Nine-month after-tax profit increased 50.64% to was reported at $612.4 million.

As of end-September, Vietcombank's total assets increased by 7.8% compared to the beginning of the year to over $49.7 billion. Bank’s lending increased by 12.1% to $30.5 billion while deposits increased by 12.5% ​​to $38.9 billion.

Ban Viet Securities Company estimates that Vietcombank will become the first listed company to get pretax profit of $2 billion by 2022. Vietcombank's profit is projected to increase by 42% in 2020 and 10.3% in 2021.