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In early 2017, the bank was reported to have its charter capital raised for the first time by 9 per cent via dividend-paying stocks.
On the basis of the plan to separately issue shares to strategic shareholders that was approved at the annual general meeting (AGM) on October 17, the board of directors (BOD) adopted the plan to separately issue 98.1 million shares in order to increase the bank’s charter capital on November 6.
Additionally, HDBank planned to offer 20 million shares for its staff at the price of VND10,000 ($0.44) per share. The deadline for the offering is no later than the first quarter of 2018.
|This is the second time HDBank has raised its charter capital|
Throughout October and November, the bank’s AGM green-lighted a series of resolutions authorising the BOD to step up the preparation process for the listing of HDBank.
On December 4, HDBank submitted the documents to list nearly 882.9 million shares on the Ho Chi Minh City Stock Exchange (HoSE) for approval. From December 14, the bank’s shares stopped trading on the over-the-counter market (OTC) to prepare for the listing.
Likewise, HDBank expects to register its depository on the Vietnam Securities Depository (VSD) and list its shares on HoSE by the end of 2017 or in early 2018.
As of the end of the third quarter, HDBank was estimated to have total assets of VND174.6 trillion ($7.7 billion), total mobilised capital of VND156.4 trillion ($6.8 billion), and total outstanding credit balance of VND104.2 trillion ($4.5 billion).
In addition, the bank kept the proportion of bad debts under control, with the ratio of merely 1.2 per cent, which was relatively low compared to other banks. As shown in the bank’s financial statement, its after-tax profit in the third quarter mounted up to VND825 billion ($36.2 million) and the accumulated profit of the first three quarters reached VND1.5 trillion ($66 million).
|HDBank offers 20 per cent to foreign investors this month|
|HDBank’s capital skyrockets 66 per cent|
|HDBank to raise charter capital|