ACB to pay 55 percent dividend on 2007 earnings

Asian Commercial Bank will pay dividends for 2007’s earnings to stockholders at a rate of 55 percent.

The payment is expected in October.

The bank will also raise its charter capital from 2.63 trillion VND (159.4 million USD) to 5.81 trillion VND in late 2008.

ACB shares closed up 6.96 percent to 98,400 VND on September 3.

VNA

>   Tax department revels in int’l aid for reforms (04/09/2008)

>   Be watchful over inflation: experts (04/09/2008)

>   State Bank tackles risks management (04/09/2008)

>   Businesses still unhappy with lower lending rates (03/09/2008)

>   First trading date of Goverment bonds QHD0823032 (03/09/2008)

>   First trading date of Goverment bonds (QHD0818030, QHD0823031) (03/09/2008)

>   Vietnam prices may rise 1 percent this month, official says (03/09/2008)

>   Commercial banks reduce lending interest rates (03/09/2008)

>   New ground of interest rates taking shape (12/10/2008)

>   SBV Governor praises active donors (12/10/2008)