On October 10, 2022, the State Bank of Vietnam approved in writing to let Saigon – Hanoi Bank (SHB) issue shares to pay dividends in 2021 at the rate of 15%, implement private placement to existing shareholders, and Employee’s Stock Option Plan (ESOP). After implementing the above 3 options, SHB’s charter capital will increase from VND 26,674 billion to a maximum of VND 36,459 billion.

The State Bank has issued official letter No. 7102/NHNN dated October 10, 2022 approving for SHB to increase charter capital by a maximum amount of VND 9,785 billion in forms of: issuing shares to pay dividends at the rate of 15% from profit after tax after setting up funds in 2021; private placement to existing shareholders and issuing shares under the ESOP, in order to encourage and retain talents, as well as recognize and appreciate the contributions of employees for the Bank’s development in recent years.

This plan to increase charter capital has been approved by the General Meeting of Shareholders of SHB.

SHB shares have been listed since 2009. Since then, SHB has always been a publicly listed, transparent, profitable bank with sustainable growth and steady increase in charter capital over the years. In addition, SHB always ensured the interests of shareholders by paying annual dividends of 7-15%/year.

In the first 9 months of the year, under the correct and determined direction of the Board of Directors and the Board of Management, SHB has achieved impressive business results. Total assets of SHB reached more than VND 528 trillion. Capital mobilization from economic organizations and individuals reached nearly VND 400 trillion. Outstanding loans to customers reached nearly 380 trillion VND. Pre-tax profit reached VND 9,035 billion, up 79% over the same period in 2021 and completing 78% of the plan set by the General Meeting of Shareholders.

Banking business performance indicators ensure safety, comply with regulations of the State Bank and Basel II standards.

The continuous improvement of financial capacity over the past time, along with sustainable business results, has set the solid foundation for SHB to increasingly affirm and improve its reputation with credit institutions and international financial, economic organizations. Since the beginning of the year, SHB has been granted syndicated loans of up to nearly USD 400 million by many prestigious international financial institutions.

Accompanying and contributing to the development of the country, SHB was honored to be awarded the Certificate of Merit by the Prime Minister in accompanying the Government to remove difficulties for businesses and implement social security during the pandemic, and at the same time is continuously honored in prestigious domestic and international awards. It is a testament to the trust and appreciation of customers and the community for a bank that always focuses on customers and puts social responsibility first, which creates sustainable values for the SHB brand.

With increasingly strong financial capacity, SHB has been promoting investment in information technology as well as improving governance capacity, enhancing SHB’s competitiveness in the process of international economic integration, towards the goal of becoming the No. 1 bank in terms of efficiency and technology.