ACB – AGM Note – 20190424

• ACB targets to grow its pre-tax profit by 14% yoy in FY19F.
• The bank will pay 30% stock dividend for FY18 and start paying cash dividend for FY19.
• ACB will sell 6.2 million treasury shares to employees as ESOP shares in FY19F.
• Bancassurance performed well in FY18 and ACB is considering an exclusive bancassurance deal.

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