Kienlongbank Increases Excitement for Annual General Meeting 2025 with a Dividend Plan of Up to 50%

KienlongBank will hold its 2025 Annual General Meeting (AGM) online on April 25, presenting plans for listing shares and profit distribution for 2024. In 2024, the bank achieved a pre-tax profit of 1,112 billion VND, completing 139% of its target; total assets increased by 5.98% to 92,176 billion VND; and credit outstanding grew by 16.84%, reaching 61,432 billion VND, with non-performing loans kept at 1.52%.

At the AGM, KienlongBank intends to propose a dividend distribution plan in shares at a ratio of 50%, the highest rate in its 30-year history. The bank will also increase its charter capital from 3,652 billion VND to 7,268 billion VND by offering new shares. This capital will help improve the bank’s operational safety, enhance technology applications, and expand its scale. Alongside the share listing, KienlongBank aims to boost transparency and establish itself as a professional, safe, and efficient bank. Its targets for 2025 include total assets of 102,000 billion VND, a pre-tax profit of 1,379 billion VND, and maintaining non-performing loans below 3%.