MBBank to pay 35 percent dividends for 2020

By Dat Nguyen   June 23, 2021 | 08:05 pm PT
MBBank to pay 35 percent dividends for 2020
An employee of MBBank assists a customer. Photo courtesy of MBBank.
Lender MBBank will pay 35 percent dividends in shares for 2020 to increase its charter capital.

Besides, it will sell shares to telecom giant Viettel and its subsidiary this year to increase its capital by another VND700 billion ($30.36 million), and an ESOP will add a further VND192.4 billion.

Its capital will thus increase by a total of 38 percent this year to VND38.68 trillion.

The bank targets a 20 percent increase in pre-tax profits to VND13.2 trillion this year, and credit growth of 10-11 percent.

Its MBB share has surged by over 84 percent this year.

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