On August 8, 2023, the State Securities Commission issued Document No. 5247/UBCK-QLCB confirming the results of the issuance of more than 552 million shares to pay dividends in 2022 of Saigon – Hanoi Bank (SHB). ). Thereby, the charter capital of SHB has increased to nearly VND 36,194 billion, firmly holding the position of TOP 4 private joint stock commercial banks in terms of charter capital.
Previously, on July 25, SHB closed the list of shareholders to pay dividends in shares at the rate of 18%. During its operation, SHB is also one of the banks with the highest and most regular dividend payout ratio in the market.
The continuous increase in charter capital over the past time has affirmed SHB’s financial capacity as well as management capacity, and at the same time increased the bank’s competitiveness in the process of international economic integration and especially. meet the expected interests of shareholders.
A representative of SHB said that the increase in charter capital is an important milestone in SHB’s development plan and was approved at the General Meeting of Shareholders, helping the Bank strengthen its financial capacity and promote digitalization to improve its financial performance. realizing the goal of becoming the No. 1 bank in terms of efficiency, applying leading modern technologies and being the most favorite digital bank by 2027.
“SHB will continue to devote resources to long-term investment in people, technology systems and data, focusing on sustainable development under four strategic pillars , while ensuring safe and sustainable business growth. while at the same time bringing convenience and safety to customers and benefits to shareholders “, the representative of SHB emphasized.
By the end of the second quarter of 2023, SHB’s scale indicators achieved good growth. Cumulative pre-tax profit in the first 6 months of the year reached VND 6,073 billion, up 5.13% over the same period in 2022. Total assets of SHB reached VND 585 trillion, up 6.21% compared to the beginning of the year, equity capital. reached 66 trillion VND. Deposits from market I of SHB achieved good growth with an increase of 13.7% compared to the beginning of the year, reaching VND 462 trillion, credit balance reached VND 418 trillion.
The safety, liquidity, and risk management indicators of SHB were all better than those of the State Bank of Vietnam and international standards. Since the beginning of 2023, SHB has started to apply Basel III standards in liquidity risk management, with a compliance assessment by an international consulting firm to ensure compliance with good practices and requirements of the Basel Committee under Basel III. Results will be announced in the third quarter of 2023.
With impressive business activities, in the first half of 2023, SHB has been continuously appreciated by prestigious domestic and foreign organizations, affirming the brand stature, prestige and position of SHB in the market. Recently, HR Asia Magazine continued to honor SHB as “Asia’s Best Place to Work in 2023”; affirming the attractiveness of the working environment of a bank that always takes the mind as the root; The Asian Banking and Finance (ABF) magazine listed SHB in the 3 most important categories of the year: Bank with the best social impact financial initiative in Vietnam 2023, Strategic partnership of the year – Cooperation with IFC and the Women’s Solution Bank of the Year; FinanceAsia magazine honored SHB as “Vietnam’s Best ESG Impact Bank”… along with many other prestigious awards.
With a strong and comprehensive transformation strategy, SHB turns 30 with a new mindset and great aspirations. That is the aspiration to lead, steadfastly create the best values for the country, the community, shareholders and customers. With Mind as the root to reach Reach, SHB will continue the journey, drastically realize the set goals, soon become the leading modern retail bank in the region and operate effectively, making positive contributions to the market. for the comprehensive development of society and the country.