The bank wants to pay the dividend of 2020 at the rate of 25% in shares, issue an ESOP and private placement to partners, to increase its charter capital by 30%. OCB plans to increase pre-tax profit by 25%, reaching VND 5,500 billion in 2021.
At the 2021 annual meeting scheduled to be held on April 28, the Board of Directors of OCB (HoSE: OCB) submitted the pre-tax profit plan of VND 5,500 billion, up 25% from the previous year, and dividends at the rate of 20-25%.
The bank plans to increase total assets by 20%, to VND 183,500 billion. Credit increased by 25% (in the condition that the State Bank approved the proposed plan), bringing total outstanding loans to 113,000 billion VND, mobilizing capital in market 1 at 136,700 billion VND, up 26%.
At the meeting, the Board of Directors also submitted to shareholders a plan to increase its charter capital by 30% from VND 10,959 billion to VND 14,449 billion, through stock dividends, ESOP issuance and private placement.
The bank plans to increase its charter capital by 30% by 2021. Photo: OCB.
In which, the bank submitted to issue nearly 274 million shares, paying 25% dividend. At the same time, OCB will issue 5 million shares under the ESOP program at the price of 10,000 VND / share, the shares will be restricted to transfer for 4 years from the date of issue, the rate of release is 25% per year.
The bank also plans to privately offer 70 million shares to domestic and foreign investors. In case foreign investors buy shares issued separately, the bank will loosen the “room” of foreign ownership up to 30%.
With nearly 3,500 billion VND of additional capital, the bank will use more than 2,600 billion to supplement business capital, invest and provide loans, and the rest will purchase and build facilities.
In 2020, the bank has offered to sell 15% of its capital to Aozora Bank and pay a 25% share dividend.
Source: ndh.vn – Translated by fintel.vn