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Kien Long plans 10% dividend in 2014
The Kien Long Bank's shareholder meeting in the southern Kien Giang Province on Tuesday decided that this year's dividend rate would be between 9 and 10 per cent.
Last year's dividend was paid at a rate of 9 per cent.
In 2014, the bank expects to earn VND419 billion, or US$19.95 million, in pre-tax profits, up 6.5 per cent over last year; and VND23.84 billion, or $1.14 billion, in total assets, an increase of 11.6 per cent year on year.
The total deposit targeted for this year is VND19.5 trillion, or $928.57 million, up 11.4 per cent, and the total loan amount is VND13.34 trillion, or $635.24 million, a rise of 10 per cent.
Last year, the returns on equity and assets for the bank were at 9.93 per cent and 1.46 per cent, respectively. The economic conditions have improved this year but the difficulties remain for banking operations, the meeting was told.
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