Vietinbank pays high dividends

Vietinbank (CTG) has announced it will pay a dividend in cash at 16 per cent of charter capital. The rate is the highest amongst the commercial banks.

The total cash payment will mount to nearly VND4.2 trillion (US$198.1 million), in which State shareholders will receive VND3.37 trillion ($158.9 million).

The charter capital referred to is the level before the Bank of Tokyo-Mitsubishi UFJ became its strategic foreign partner, equivalent to VND26.2 trillion ($1.2 billion).

The dividends are expected to be paid on September 24.

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