VietinBank to pay 10% dividend

Viet Nam Bank for Industry and Trade (VietinBank) will pay last year's dividend at a rate of 10 per cent, equivalent to VND1,000 (US$0.05) per share.

The cut-off date for participation is June 25 and the payment is expected to be made on July 17, according to the bank.

VietinBank plans to report a pre-tax profit of VND7.3 trillion ($347.62 million) this year. It now ranks first in the domestic banking system in terms of charter capital, with an equity of about VND41 trillion ($1.89 billion), after merging with Petrolimex Group Commercial Joint Stock Bank last month.

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