Foreign investors transfer over 4% of capital in a bank on March 5: What happened?

In the trading session on March 5, shares of VIB (International Bank) experienced significant foreign investment activity with over 127 million shares being transferred, worth over 2,600 billion VND, making up 4.26% of VIB’s capital. Previously, foreign investors held around 148 million shares, equating to 4.99% of the bank’s capital. The Commonwealth Bank of Australia (CBA), the largest shareholder, reduced its ownership from 20% to 4.7% in 2024. VIB plans to hold its annual general meeting on March 27, 2025, aiming for a pre-tax profit of 11,020 billion VND, a 22% increase compared to 2024, with a non-performing loan ratio under 3%. The bank also intends to issue more shares to increase capital and pay dividends of 7%, equivalent to about 2,085 billion VND.