TRADE FINANCE | Cesar Tordesillas, Vietnam

DaiABank to to pay 7% dividend on Dec. 9

Dai A Bank announced to close the shareholders list for paying first round dividend on December 9, 2011. The payment date was supposed to be on December 26, 2011.

The bank planned to pay 2011 dividend – the first round in cash at applied ratio of 7 percent for existing shareholders.

In Q3, DaiABank revealed a net income of 225.2 billion dong, increasing by 247 percent against the same period last year. The bank suffered loss of 3.4 billion dong from its banking services, in comparison with profit of 1.7 billion dong. The bank also incurred loss of 14.6 billion dong in forex trading services.

Accumulatively, after the first ten months of 2011, the bank enjoyed net interest income of 605.1 billion dong, or 4.2 times higher year-on-year. However, DAB posted a loss of 7.9 billion dong in banking services, and accumulative loss of 16.9 billion dong in forex trading activities. The Jan-October after tax profit was posted at 284.7 billion dong.

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