Another leader of VIB continues to register to buy two million shares

November 16, 2022 | 14:49

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Tran Nhat Minh, deputy CEO cum head of Banking Technology Services at VIB has just registered to buy two million shares for long-term investment purposes.

Another leader of VIB continues to register to buy two million shares

The registration was made after VIB released its 10-month business results and plans to pay a cash dividend of up to 35 per cent. Previously, Ho Van Long, deputy CEO and CFO of VIB also registered to buy 1.5 million shares on November 14.

If the purchase is successful, Minh will own a total of 4,829,126 shares, raising the ownership rate to 0.23 per cent of VIB's charter capital. The transactions are expected to be carried out from November 21 to December 20 according to the method of order matching and agreement.

VIB posted a pre-tax profit of $351.5 million in the first 10 months, up 44 per cent against last year's period and equal to 109 per cent of its profit for 2021. The AGM approved the plan to generate a profit of $423.55 million in 2022.

However, the bank's profit is likely to exceed the target given the positive business results and the possibility of earning additional income from some cooperation agreements in 2022.

Closing the trading session on November 15, VIB shares touched 69 US cents per share, the lowest price since early 2022.

VIB’s leader registers to buy 1.5 million shares

Ho Van Long, deputy CEO and CFO at Vietnam International Bank (VIB), has just registered 1.5 million shares.

VIB received $150 million loan disbursement from IFC

VIB has just completed the disbursement of a $150 million loan from the International Finance Corporation (IFC), a member of the World Bank Group.

VIB to pay cash dividend up to 35 per cent

Vietnam International Bank recorded a pre-tax profit of more than $351.44 million over the past 10 months of 2022, up 44 per cent over the same period in 2021.

By Thanh Van

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