BAC A BANK announces capital increase to strengthen operations

BAC A BANK's board of directors has approved a resolution to adjust and implement a new charter capital increase plan for 2025, aiming to raise the capital from VND10,032,190,520,000 to VND11,793,542,210,000. This increase will be executed through two phases in 2025 and 2026.

The first phase involves issuing 68,921,149 common shares to pay dividends to existing shareholders, amounting to an increase of VND689,211,490,000. The second phase will involve offering an additional 107,214,020 common shares to the public for existing shareholders, aiming to raise VND1,072,140,200,000. Both phases will price shares at VND10,000 per share.

The capital raised will be primarily allocated to supplementing funds for the bank's business operations, including customer lending (focusing on agriculture, forestry, fisheries, and processing industries) and investments in high-value papers. This strategic move aims to enhance financial stability, improve operational efficiency, and maintain competitiveness within the banking sector, aligning with regulatory limits and safety ratios.