The Board of Directors of Sacombank will present shareholders with a dividend plan through stock issuance, using retained earnings of 25.352 trillion VND after the 2024 profit distribution. The specific dividend rate will be decided after approval from the State Bank. Sacombank has not paid a dividend for over 10 years, with the last payment being in 2013 at a rate of 8%.
Additionally, the Board proposes to acquire a stake in a securities company, aiming for ownership of over 50% with a maximum investment of 1.5 trillion VND. The bank aims for total assets to reach 819.800 trillion VND by 2025, a 10% increase from 2024, with a projected pre-tax profit of 14.560 trillion VND, a 15% rise.
In 2024, Sacombank has completed its business plan with a pre-tax profit of 12.720 trillion VND. The bank has handled nearly 10 trillion VND of bad debt and expects significant recovery in 2025. The Board is confident in operational efficiency and aims to enhance value for shareholders.
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