KienlongBank shareholders agree on capital increase and record dividend of 60%

At the General Meeting, KienlongBank received strong support for adjusting the profit distribution plan for 2024 and the capital increase plan through stock issuance to pay a record dividend of 60%. After completing legal procedures, the charter capital will increase from 3.652 trillion VND to 5.822 trillion VND, strengthening the bank’s finances and supporting the credit needs of the economy. In 2025, KienlongBank aims to raise total assets and credit balance to 102 trillion VND and 71 trillion VND respectively, with a projected pre-tax profit of 1.379 trillion VND, up 24% year-on-year. Notably, in the first six months of 2025, the bank has achieved over 90% of its annual target with a pre-tax profit of 922 billion VND, an increase of 67% compared to the previous year.