Saigon – Hanoi Bank (SHB) has announced the final registration date for the 2023 stock dividend distribution at a rate of 11%. Following this issuance, SHB’s charter capital will increase to VND 40,658 billion, reinforcing its position among the top five largest private banks in Vietnam. This capital enhancement aims to strengthen SHB’s financial capacity, enhance competitiveness in international markets, and meet shareholder expectations.

According to SHB’s Board of Directors Resolution, February 27, 2025, has been designated as the final registration date for shareholders eligible for the 2023 stock dividend. The State Securities Commission has approved the issuance of nearly 403 million shares at a rate of 11%, meaning shareholders will receive 11 new shares for every 100 shares owned.

As per the resolution of the 2024 Annual General Meeting of Shareholders (AGM), SHB will distribute 2023 dividends at a total rate of 16%, comprising 5% in cash and 11% in shares. In August 2024, SHB completed the initial 5% cash dividend payout.

Strengthening Financial Stability and Growth

SHB has consistently paid dividends at rates ranging from 10% to 18%, demonstrating its commitment to shareholders while bolstering its capital base. The bank continues to pursue sustainable and efficient growth, aligning with international management standards.

A solid financial foundation enhances SHB’s market reputation, facilitating the expansion of funding sources from individuals, corporate clients, and the bond market at favorable rates. This capital is strategically allocated to key priority sectors, including green credit initiatives.

Business Performance and Strategic Development

In 2024, SHB exceeded its financial targets, recording a pre-tax profit of VND 11,543 billion, reflecting a 25% year-over-year increase. The cost-to-income ratio (CIR) stands at 24.5%, among the lowest in the industry. By the end of 2024, SHB’s total assets are projected to surpass VND 747 trillion, marking an 18.5% increase, while outstanding credit balance will reach nearly VND 534 trillion, with a growth rate of 18.2%.

The bank maintains strong risk management and liquidity metrics, with a capital adequacy ratio (CAR) exceeding 12% under Basel II standards and liquidity risk compliance aligned with Basel III requirements. The bank’s disciplined approach to risk management underscores its financial resilience and long-term growth strategy. Additionally, SHB remains committed to curbing non-performing loans (NPLs) in alignment with shareholder expectations and regulatory requirements

Commitment to Social Responsibility

Beyond business performance, SHB remains committed to social responsibility. It has actively supported government policies by providing preferential credit programs and reducing interest rates to assist businesses facing financial challenges. Responding to the Prime Minister’s call for social support, the bank donated VND 100 billion to Soc Trang province to construct and repair houses for underprivileged families. Additionally, as part of its disaster relief efforts, SHB and the Ministry of Public Security have provided housing assistance in Son La province and other regions, including Tuyen Quang, Dien Bien, Yen Bai, Ha Giang, and Thai Nguyen.

In recognition of its contributions, SHB was honored as the “Bank for People of the Year,” acknowledging its efforts in fostering community welfare and sustainable development. For over three decades of development, SHB has always taken the Heart as its foundation, accompanying the people and the community, creating and spreading positive values, fostering economic growth alongside social development, and building a strong and prosperous nation as Vietnam enters a new era—the era of the nation’s rise.

Vision for 2024-2028

SHB is embarking on a comprehensive transformation strategy for the period 2024-2028, focusing on four pillars: reforming mechanisms, policies, and processes; prioritizing people-centricity; emphasizing customer-centricity; and modernizing information technology through digital transformation. These initiatives are grounded in SHB’s core cultural values: Heart, Faith, Trustworthiness, Knowledge, Wisdom, and aspiration for Greater Heights.

The bank aims to become the most efficient bank, the most popular digital bank , the premier retail bank  and the primary provider of financial services to strategic corporate customers with a green supply chain, value chain and ecosystem.