Dividend Policy

According to VietinBank’s Charter, annual dividend payment will be proposed by the Board of Director and be decided by shareholders’ meeting:

 

1. Dividend payment will be determined by shareholders’ meeting based on the Board of Director’s proposal. VietinBank pays dividends to shareholders after meeting its tax responsibilities and other financial responsibilities according to Vietnam laws, covering losses from previous years (if any), making provision for VietinBank’s different reserves. Dividend payment policy must also allow VietinBank to meet its payments of due loans and other financial responsibilities (if any).

 

2. Dividend for common stock is determined according to its retained earnings and is decided by shareholders’ meeting.

 

3. Method of dividend payment could be by cash or stock dividend. The method is proposed by the Board of Director and decided by shareholder’s meeting.

 

4. The Board of Director must complete the list of qualified shareholders to pay dividend, determine dividend payments for different classes of stockholder at least 30 days before the day of dividend payment.

 

5. The Board of Director can pay dividend before the end of fiscal year after considering its profit and liquidity.

 

6. Unless a class of stock has special rights, dividend payment of stock which has not been fully paid is equal to the percentage of that payment over total cost at the day of dividend payment.

 

7. VietinBank does not pay any interest for dividend payment and other payments that shareholders has received after the due day.

Dividend History

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Capital Raising History

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