Monday, 24 June, 2024, Reg No- 06
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Vietnams HDBank to pay 25pc dividend

Published : Wednesday, 17 April, 2024 at 12:00 AM  Count : 122

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) will pay 10 per cent dividend in cash and 15 per cent stock dividend, for 2023.
The dividend was approved at its 2024 annual general meeting held in HCM City, Vietnam recently, says a press release.
HDBank stands as one of Vietnams prominent financial institutions, deeply committed to promoting ESG, sustainable development, innovation, and development.
This year the bank targets 22% growth in profits to VND (Vietnam dollar) 15.85 trillion (US$634.13 million) and dividend payment of up to 30% (with a maximum of 15% in cash).
According to the documents, the annual general meeting (AGM) will be held online on April 26.
HDBank will submit reports to shareholders for approval, including its business performance in 2023, business plans for 2024, profit distribution plans for 2023, and other key reports.
HDBank, which has gone through a 10-year journey of reform, maintained its high and steady growth in 2023. Its profitability ratios, ROA was 2% and ROE was and 24.2% last year, keeping it among the group of leading banks.
In 2024 the bank remains on track for high growth while developing a comprehensive environmental, social and governance (ESG) strategy.
It targets pre-tax profits of VND15.85 trillion, an increase of 21.8% from 2023, ROE of 24.6% and maintaining its non-performing loans ratio at among the lowest levels in the industry.

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