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OCB pays cash dividends for the first time since listing

This is one of the contents approved by shareholders of Orient Commercial Joint Stock Bank (OCB) at the 2025 annual general meeting of shareholders held on April 22.

Báo Thanh niênBáo Thanh niên22/04/2025

OCB plans to pay a 15% dividend in 2025, of which 7% will be in cash, equivalent to VND1,726 billion. This is the first year OCB has paid a cash dividend since its listing on the stock exchange. Previously, the bank mainly used the method of paying dividends in shares or issuing shares to increase equity capital from equity.

OCB increased charter capital to VND 26,639 billion, paid cash dividends - Photo 1.

OCB elected members of the Board of Directors for the 2025 - 2030 term. PHOTO: T.XUAN

The bank also proposed to increase its charter capital to VND26,631 billion by issuing shares. The money raised from the capital increase will be used by the bank to supplement its capital for business, investment, lending, and purchasing and building facilities.

The timing of capital increase will be decided by the Board of Directors after being approved by the competent authorities. It is expected that after the capital increase, Aozora Bank, Ltd. will remain the sole major shareholder of OCB with a 15% ownership ratio, unchanged from previous years.

Responding to a shareholder's question about whether OCB will pay cash dividends in the coming years, Mr. Trinh Van Tuan - Chairman of the Board of Directors (BOD) of OCB said that depending on each time, the bank's financial assessment will determine whether to pay cash dividends or not. In the face of uncertain and unpredictable tariff developments in the world, Mr. Trinh Van Tuan said that OCB views the market cautiously but not pessimistically, and therefore, the bank has just proposed a profit plan to increase by 33% compared to 2024, up to VND 5,338 billion. At the same time, it sets a target of total assets of VND 316,779 billion (up 13%), total mobilization from market 1 of VND 218,842 billion (up 14%). In particular, with a solid foundation from 2024, through a strong structural shift to customer groups with good growth potential, OCB expects total outstanding loans in market 1 to increase by 16%, reaching VND 208,472 billion.

In addition, the congress also elected additional members of the Board of Directors and members of the Supervisory Board for the 2025 - 2030 term. Accordingly, the Board of Directors for the 2025 - 2030 term of OCB will consist of 7 members including Mr. Trinh Van Tuan, Mr. Ngo Ha Bac, Ms. Trinh Thi Mai Anh, Mr. Yoshizawa Toshiki, Mr. Segawa Mitsuhiro, Mr. Phan Trung and Mr. Duong Ky Hiep. The number of members of the Supervisory Board is 5 members, an increase of 2 members compared to the 2020 - 2025 term, including Ms. Dang Thi Thanh Huyen, Ms. Dang Thi Quy, Mr. Nguyen Van Hai, Mr. Nguyen Trong Hai, Mr. Pham Quang Vinh.


Source: https://thanhnien.vn/ocb-lan-dau-chia-co-tuc-bang-tien-mat-ke-tu-khi-len-san-185250422120220124.htm



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