VIB’s leader registers to buy 1.5 million shares

November 15, 2022 | 10:53

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

VIB’s leader registers to buy 1.5 million shares

The registration was made after VIB announced its business results for the first 10 months.

The bank recorded a profit of $351.5 million during the period, up 44 per cent against last year. It plans to pay cash dividends of up to 35 per cent.

The purchase is aimed at a long-term investment and transactions are slated to be conducted from November 18 to December 17 according to the method of order matching and agreement.

If he fails to buy the shares, he will still own a total of 10.68 million shares, increasing his ownership ratio from 0.436 per cent to 0.507 per cent.

Closing the trading session on November 14, the price of VIB shares reached 70 US cents apiece. This is among the lowest price seen for several months despite the bank announcing $351.1 million in profits, up 44 per cent year-on-year, and achieving 109 per cent profit for 2021.

The bank also reported additional income from some cooperation agreements that will be completed in 2022 and is expected to exceed $423.2 million in profits this year.

VIB pre-tax profit up 46 per cent in first nine months

VIB has announced its results for the first nine months, with outstanding business performance, a strong balance sheet, well-maintained risk management and liquidity ratios, and the highest rating in the banking industry as decided by the State Bank of Vietnam.

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 VIB

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