Saigon – Hanoi Bank (SHB) has just announced the closing date for the list of shareholders for dividend payment in 2022 in shares at the rate of 18%.

On June 30, 2023, the State Securities Commission issued Document No. 4201/UBCK-QLCB approving for SHB to issue shares to pay dividends in 2022 at the rate of 18% (shareholders owning 100 shares will receive 18 additional shares). After completing the dividend payment, SHB’s charter capital will increase by more than VND 5,520 billion, to VND 36,194 billion.

Previously, SHB also received a document from the State Bank of Vietnam approving the increase of charter capital through the 2022 share dividend payment at the rate of 18% and the issuance of shares under the Employee Stock Option Program (ESOP). After implementing the above two options, the charter capital of SHB will increase from VND 30,674 billion to VND 36,645 billion, maintaining the Bank’s position among Top 5 private commercial joint stock banks with largest charter capital in the banking system.

On that basis, the Board of Directors of SHB has issued a resolution on the last registration date to close the list of shareholders exercising the right to receive dividends in shares in 2022, which is July 25, 2023.

During its operation, SHB always ensures safe, transparent, profitable and sustainable growth, increases charter capital steadily over the years. SHB’s prudential ratios and risk management indicators are all at a better level than those of the State Bank of Vietnam and international standards.

The increase in charter capital is essential to improve the Bank’s financial and business capacity, enhance SHB’s competitiveness in the course of international economic integration, and especially meet the expected benefits of shareholders.

By the end of the first quarter of 2023, SHB’s total assets amounted to VND 570,194 billion; Customer deposit reached VND 440,359 billion; Outstanding loans to customers reached VND 408,530 billion; total operating income amounted to VND 6,204 billion, up 32.2%; Profit before tax reached VND 3,620 billion.

In 2023, SHB sets a pre-tax profit target of over VND 10,600 billion, up 10%; total assets is expected to grow by 10%, prudential ratios should ensure compliance with Basel II and regulations of the State Bank.

In the strong and comprehensive transformation strategy for the period of 2022-2027, SHB continues to stick to 4 pillars, including: Institutional and mechanism reform; Customer and market as the center; Human as the decisive factor; Modern information technology platform and digital transformation. 2023 is also the year marking the 30th anniversary of SHB’s establishment, the whole SHB system is determined to successfully implement strategic targets, creating momentum for the next stage of development, towards the goal of becoming the leading bank in terms of efficiency, a universal retail bank and favourite digital bank in Vietnam.

With positive business results, safe and sustainable development, SHB strongly confirms its prestige and position in the international market. According to the latest credit rating update announcement, the international credit rating agency Moody’s Investors Service (Moody’s) has rated SHB at B1, in the context where the global market were experiencing many fluctuations and challenges in 2022 and early 2023. Recently, SHB continued to be honored in the Top 10 most prestigious joint stock commercial banks in Vietnam for many consecutive years.