According to a resolution by the board of directors, MSB will issue 520 million shares for a 20% dividend payment. This means shareholders will receive 20 new shares for every 100 shares they own. The capital for this issuance will be drawn from retained earnings after allocating funds to all reserves and undistributed profits, based on the audited financial statement as of 31/12/2024.
After this issuance, the bank's charter capital will increase from 26,000 billion VND to 31,200 billion VND. The listing and trading of these additional shares are expected to be completed in Quarter IV/2025.
An MSB representative said this dividend payment ensures shareholder benefits while increasing the bank's competitiveness, strengthening its capital adequacy ratio, and enhancing its capacity to meet medium- and long-term credit demands. This also lays the foundation for further investment in technology infrastructure, digital platform development, and product and service diversification.
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MSB sets the record date for dividend payments on 9/9. Photo: MSB |
MSB sets the record date for dividend payments on 9/9. Photo: MSB
MSB’s stock has performed well on the stock market. As of 20/8, MSB was trading around 16,350 VND per share, a 40.3% increase since the start of the year, surpassing the VN-Index’s 31.4% growth. The bank has maintained a consistent dividend policy since its listing at the end of 2020.
MSB’s price-to-book (P/B) ratio is currently around 1.04, while the banking sector average is 1.4. Its estimated price-to-earnings (P/E) ratio is approximately 7.6, compared to the banking sector average of 9-10. Analysts suggest there is room for price growth if the bank sustains its profit growth in the coming quarters.
Internal factors within the bank's business operations also support the stock's positive outlook. In the first six months of the year, MSB's credit growth reached 13.39%, exceeding the industry average, with a credit limit of 15.8% granted by the State Bank of Vietnam. The net interest margin (NIM) for the last four quarters has remained around 3.5%.
Beyond its core business, the bank is also restructuring its financial ecosystem to enhance efficiency. MSB has divested from TNEX Finance Company, focusing resources on high-margin segments such as securities and wealth management. This sector is expected to grow due to the expansion of the middle class and increasing demand for personal investment. In parallel, MSB is evaluating several mergers and acquisitions (M&A) deals to develop investment banking services and expand non-interest income.
Minh Ngoc
