On December 31, 2021, the State Securities Commission issued a document confirming the results of the stock offering to existing shareholders of Saigon – Hanoi Bank (SHB). Accordingly, SHB has successfully offered more than 539 million shares – accounting for 100% of the total number of shares registered for offering; thereby increased the charter capital to more than VND 26,674 billion. 2021 continues to be an impressive year for SHB with a series of business targets reaching and exceeding the plan set by the General Meeting of Shareholders.
On April 22, 2021, SHB’s 2021 Annual General Meeting of Shareholders approved the plan to increase charter capital to VND 26,674 billion through paying 2020 dividends in shares at the rate of 10.5% and offering shares to existing shareholders by the method of exercising the right of 100:28, the offering price is 12,500 VND/share.
With the approval of the State Bank and the Securities Commission on the offering of additional shares to the public, SHB previously completed the issuance of shares to pay dividends in 2020 and until now continues to complete the offering of more than 539 million shares to existing shareholders, accounting for 100% of the total number of shares registered for offering. Thus, SHB has successfully issued more than 741 million shares as set out by the General Meeting of Shareholders.
By the end of 2021, all business targets of SHB have been completed and exceeded the plan set out by the General Meeting of Shareholders.
With strong financial capacity, SHB continues to expand its operation scale and business development, accelerate bank digitization, and realize its goal of becoming the No. 1 bank in terms of efficiency and technology. In which, SHB is focusing on building a digital corporate culture, investing in IT systems and researching and applying digital technology to journeys with customers; improving governance and risk management capacity, ensuring credit growth in parallel with credit quality, towards Basel III and IFRS 9 standards.
In 2021, SHB cooperates with the world’s leading strategic consulting group BCG to provide comprehensive solutions to improve business efficiency through innovating business models with connectivity in operations of SHB with key strategic initiatives. Most recently, SHB was honored as a Top 10 Large-Cap Enterprises with the Best Annual Report in 2021, showing SHB’s strong commitment to applying and complying with the highest standards of corporate governance, bringing optimal benefits for customers, shareholders, partners and the community; at the same time affirming and enhancing SHB’s reputation with domestic and foreign investment community as well as international credit rating agencies.