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SHB Marks Transformation Pivot with 25% Profit Surge to VND 11,543 Billion SHB to Plan VND 5,000 Billion Bond Issuance by Late 2024 and Q1 2025 SHB Approved for Charter Capital Increase to VND 40,658 Billion via Stock Dividend Issuance SHB secured its position as a Top 10 best enterprises for Annual Reports in the Finance industry for the fourth time SHB Urges Customers to Update Valid ID and Biometrics Promptly Krungsri to Acquire Remaining 50% Stake in SHBFinance Ahead of Schedule SHB’s pre-tax profit for the first nine months amounted to VND 9,048 billion, and the Bank is actively involved in social security initiatives SHB signed a cooperation agreement with Vietnam Steel Corporation
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12-02-2025

In the pivotal year of implementing the Transformation Strategy, Saigon-Hanoi Bank (SHB) achieved significant financial success, recording a 25% increase in pre-tax profit to VND 11,543 billion, surpassing the annual target. As of the end of 2024, SHB reported exceptional business results, affirming its position among the top five largest private commercial banks in Vietnam […]

06-01-2025

Saigon – Hanoi Bank (SHB) has announced its plan to issue bonds worth VND 5,000 billion in late 2024 and early 2025. This issuance aligns with SHB’s goals to provide secure and profitable investment opportunities for customers, strengthen its financial capacity, and increase medium- and long-term capital to support Vietnam’s economic growth. The first public […]

06-01-2025

The State Bank of Vietnam (SBV) has approved Saigon-Hanoi Bank (HoSE: SHB) to increase its charter capital to VND 40,658 billion through the issuance of stock dividend . Specifically, SHB has been authorized to issue nearly 403 million shares, equivalent to a stock dividend rate of 11%. This means that shareholders owning 100 shares will […]

10-12-2024

SHB has consistently been recognized among the Top 10 enterprises with the best Annual Reports in the Finance industry, highlighting the Bank’s exceptional commitment to information transparency and corporate governance aligned with best practices in sustainable development. On November 16, the Vietnam Listed Company Awards (VLCA) 2024 ceremony was held in Da Lat, Lam Dong. […]

05-11-2024

Ayudhya Public Company Limited (Krungsri), a member of Japan’s MUFG Group, has proposed to Saigon – Hanoi Commercial Joint Stock Bank (SHB) the early acquisition of the remaining 50% of charter capital in Saigon – Hanoi Commercial Joint Stock Bank Finance Company Limited (SHBFinance). This move will bolster SHB’s financial resources and enhance its market […]

31-10-2024

After nine months, SHB’s accumulated pre-tax profit totaled VND 9,048 billion, achieving 80% of its 2024 target. Alongside its business development, the Bank actively engages in social security initiatives, supports the underprivileged, helps eliminate temporary housing in line with government policy, fulfills its community responsibilities, and contributes to the country’s socio-economic progress. Saigon – Hanoi […]

24-09-2024

The partnership between SHB and VNSTEEL signifies a crucial advancement in their relationship, as they join forces to promote development and enhance Vietnam’s economic growth. On September 23, 2024, in Hanoi, Saigon – Hanoi Bank (SHB) and Vietnam Steel Corporation (VNSTEEL) conducted a signing ceremony for a cooperation agreement, highlighting the strong partnership between these […]

20-09-2024

SHB will lower the interest rate for corporate and individual customers impacted by Typhoon Yagi and flooding by an average of 50% from September to December 2024. Additionally, the Bank will offer a credit package to assist customers in rebuilding and recovering their businesses post-storm, with an interest rate of just 4.5% per year. Saigon […]

04-09-2024

Saigon – Hanoi Commercial Joint Stock Bank (SHB) has been honored with the prestigious title of “Best Bank for SMEs in Vietnam” at the Euromoney Awards for Excellence 2024. This recognition underscores SHB’s exceptional growth and innovative solutions tailored for small and medium-sized enterprises (SMEs). Euromoney’s Awards for Excellence are among the most esteemed in […]

15-08-2024

SHB’s innovative services continue to gain recognition at both domestic and international levels. At the recent Vietnam Outstanding Banking Awards 2024 (VOBA 2024), Saigon – Hanoi Commercial Joint Stock Bank (SHB) received the “Outstanding Innovative Banking Product Service Award” for its “Online Pre-Approved Unsecured Overdraft” . This accolade highlights SHB’s commitment to developing user-friendly, cutting-edge […]

05-08-2024

Through persistent efforts and continuous innovation in financial and non-financial solutions for businesses, SHB has been recognized as “Vietnam Domestic SME Partnership Initiative of the Year” and the “Vietnam Domestic Social Impact Finance Initiative of the Year.” In July, the Asian Banking and Finance (ABF) magazine held the ABF Wholesale Banking Awards 2024 in Singapore. […]

30-07-2024

By the end of the first half of 2024, SHB achieved a pre-tax profit of over VND 6,860 billion, marking a 13% rise from the previous year. This result accounts for 61% of the annual goal and reinforces SHB’s position as having the lowest cost-to-income ratio (CIR) in the industry. Saigon – Hanoi Bank (HoSE: […]

24-07-2024

In 2024, SHB distributes dividends through both cash and shares, aiming to delight shareholders, while also boosting charter capital and meeting regulatory requirements for capital adequacy. Recently, SHB announced the closure of the shareholder list on July 19 for the payment of 2023 cash dividends at a rate of 5%, scheduled for August 6. SHB […]

15-07-2024

SHB earns recognition as the “Best SME Bank for Sustainable Finance,” offering sustainable financial solutions and a range of digital products and services for small and medium-sized enterprises (SMEs). Alpha Southeast Asia magazine awarded Saigon – Hanoi Bank (HoSE: SHB) as “Best SME Bank for Sustainable Finance.” As one of the four largest private joint […]

05-07-2024

The Board of Directors of Saigon – Hanoi Commercial Joint Stock Bank (HoSE: SHB) has issued a decision on setting July 19, 2024 as the final date for closing the list of shareholders to receive cash dividends at a rate of 5%. Payment implementation time is from August 6. The SHB Board of Directors is […]

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