Techcombank to issue 4.7mn shares to employees
 |
| A Techcombank transaction office (Photo: VNA) |
The bonus shares account for 0.14 percent of the bank’s total at present.
Expected to take place in the third or fourth quarter of this year, the issuance will raise the bank’s charter capital by nearly 48 billion VND (2.07 million USD) to close to 35.05 trillion VND (1.51 billion USD).
The move aims to help Techcombank attract, motivate, and retain talented employees in the long term.
It will be reviewed at its annual general meeting, scheduled for June 20 in Hanoi.
The bank targets credit growth of 13 percent or higher year-on-year in 2020 and asset growth of 12 percent. The non-performing loan ratio is to remain under 3 percent.
It also plans to increase revenue by 1 percent to 13 trillion VND.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- MB finalises strategy for acquisition of distressed bank (April 22, 2024 | 16:33)
- Vietnam central bank postpones gold bar auction (April 22, 2024 | 15:27)
- Benefits of pension funds must be incentivised (April 22, 2024 | 15:00)
- KRX trading system to begin official operation (April 22, 2024 | 14:09)
- Voluntary pensions to rejuvenate the sector (April 22, 2024 | 14:00)
- Gold market reforms paramount to stability (April 22, 2024 | 10:18)
- Loopholes continue to play part in rising NPL ratios (April 22, 2024 | 10:13)
- Techcombank scoops two Stevie Awards (April 19, 2024 | 18:35)
- SBV outlines restructuring plans for troubled SCB (April 19, 2024 | 18:27)
- Vietnam’s road to emerging market status (April 17, 2024 | 10:00)
Mobile Version