BIDV to issue 510 million shares

Bank for Investment and Development of Vietnam (BIDV) announced that it will issue 510 million shares, increasing its total to 2.56 billion shares.

Of the additional shares, 104.2 million will be used to pay dividends to its shareholders, and 405.8 million will be sold to existing shareholders.

BIDV is currently the third largest lender in Vietnam with nearly VND486 trillion after Agribank and VietinBank. In the first quarter of this year, the bank saw post-tax profit of nearly VND1.15 trillion.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

Other news