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Thursday, February 6, 2025

VPBank’s leader wants to buy 30 million VPB shares

The Saigon Times

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HCMC – Pham Thi Nhung, board member and permanent deputy CEO of Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HOSE: VPB), has registered to buy 30 million VPB shares.

Her transactions are expected to take place from February 6 to March 7 through order matching deals. If successful, Nhung’s ownership in VPBank would increase from over six million shares (0.0765%) to more than 36 million shares (0.4546%).

Closing the trading session today, February 6, VPB remained unchanged at VND19,050 per share. At this market price, she is estimated to spend around VND571.5 billion to acquire the shares.

Regarding VPBank’s business performance, VPBank recorded net interest income of over VND49.08 trillion in 2024, up 28.57%. Its after-tax profits reached nearly VND15.99 trillion, up 88.22%.

In Q4 2024 alone, the bank recorded after-tax profit of VND5.04 trillion, skyrocketing by 156.5% compared to the same period last year.

On the southern exchange, the VN-Index added 1.87 points, or 0.15%, against the day earlier at 1,271.48 points, with 206 winners and 233 losers.

Nearly 568.7 million shares worth VND12.9 trillion were traded on the market, down 3% in volume and value against yesterday’s session. Block deal transactions contributed around VND978 billion to the overall value.

Lender TCB took the lead by liquidity, with over 37.5 million shares transacted. It closed up 2% at VND25,150 today.

The northern stock exchange saw 107 stocks gaining and 61 others declining, with the HNX-Index gaining 1.14 points, or 0.5%, to end at 229.13 points. The total trading volume was over 44.4 million shares worth a total of VND717.2 billion.

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