Stable bank, sustainable shareholders

SHB is one of the banks with a large number of shareholders in the market and receives attention at each annual general meeting. Many shareholders have been with SHB for more than a decade and have placed their trust in the management, solid foundation and development strategy of the bank in the future. One month after the 2024 Annual General Meeting of Shareholders of Saigon - Hanoi Commercial Joint Stock Bank (SHB) passed, the event still left its mark with the sharing of investors. With more than 1,500 shareholders and authorized representatives attending, SHB's annual general meeting is one of the meetings with the largest number of attendees in the banking industry in particular and businesses in the market. The event is where the Board of Directors and the Executive Board of SHB report on the business results as well as the direction of the bank's operations, and is also an opportunity for shareholders to directly dialogue and share their thoughts and aspirations with the bank's management board.

As one of the earliest banks to list shares on the stock exchange, after 15 years, SHB has had tens of thousands of investors become shareholders and accompany the bank's development. Mr. D.D.H, a shareholder who has been with SHB for more than 10 years, recalled: "SHB shares are one of the codes I put my trust in because SHB's business activities have grown well, and dividends are paid to shareholders regularly every year. In addition, SHB Chairman of the Board of Directors Do Quang Hien is also a businessman that I love with a shared passion for football". This shareholder also added that during the period when the economy faced many challenges, SHB still paid dividends to shareholders at a rate of 18% in 2022 and 16% in 2023 (5% in cash and 11% in shares) to help shareholders feel more secure with their investment.

Also a shareholder accompanying SHB for many years, Ms. TTQ has a different perspective on SHB shares, not only in terms of dividend policy but also in terms of business results in the first quarter of 2024 with a record high pre-tax profit of more than VND 4,000 billion. The female shareholder also commented that SHB is an organization that seriously implements information disclosure activities in accordance with the provisions of law, ensuring publicity and transparency, helping shareholders and investors grasp information fully and promptly. She also has faith in the sustainable, safe and effective development orientation set by the Board of Directors. "SHB is the only bank stock code in my portfolio," said Ms. TTQ. In addition to sharing and commenting on SHB shares, shareholders also suggested that the Bank needs to promote communication. Communication and investor relations activities help shareholders and investors know more about SHB.

With a solid foundation and cultural depth of 30 years old, steadfast in the direction of sustainable, safe and effective development, continuously improving management capacity according to international standards and modern models, SHB has closed 2023 with many brilliant marks. As of December 31, 2023, SHB's total assets reached more than 630,500 billion VND, an increase of 16% compared to the end of the previous year. Equity capital is more than 70,268 billion VND. Capital mobilization from market 1 reached 497,417 billion VND; outstanding credit balance reached 455,718 billion VND, financing production and business sectors encouraged by the Government and the State Bank of Vietnam (SBV), sectors that are the growth drivers of the economy. Pre-tax profit for the whole year of 2023 reached 9,239 billion VND. Recently, SHB was maintained at B1 credit rating by international credit rating agency Moody's, showing that the bank's efficiency, safety and sustainability continue to be consolidated in the context of a volatile market. Sharing at the 2024 annual meeting, SHB Chairman of the Board of Directors, Mr. Do Quang Hien emphasized that SHB always puts the interests of shareholders and investors first. In SHB's negotiations with partners, the bank always conducts close research and sets high requirements, optimizes benefits, and ensures shareholders' interests.

Becoming a shareholder of SHB after the bank's 30th anniversary, Mr. HPT said that investing in the bank was a coincidence. "SHB's birthday coincides with my birthday," the shareholder shared. Shareholder HPT said that he has participated in the stock market for many years. He was impressed with the business results and culture and traditions of the bank, so he decided to invest and accompany SHB. The half-year commitment has given him a lot of experience and knowledge, he feels secure and has strong faith in the stability and growth potential of SHB in the coming years. Although working in Japan, shareholder LAV returned to Vietnam and spent time attending SHB's shareholders' meeting with the desire to listen to the board of directors' sharing and the bank's future orientation. LAV shareholders share their investment in the Bank because they see that the organization has prospects, sustainable operations, growing financial indicators, and fulfills its commitments to shareholders and investors.

Many other shareholders have also begun to pay attention to SHB shares in the past two years after the code was transferred to HoSE, entering the group of pillar stocks of the VN30 market and the bank announced a strong and comprehensive Transformation Strategy for the period 2024-2028. In 2024 alone, the pivotal year of the Transformation Strategy, SHB plans to have total assets exceeding VND 701,000 billion; charter capital increasing by 12% to VND 40,658 billion; strictly controlling the bad debt ratio below 3%, total outstanding credit growth of 14% (adjusted according to the approval of the State Bank); mobilizing market 1 in line with actual credit growth. Pre-tax profit is targeted to increase by 22%, reaching VND 11,286 billion. The bank plans to pay a dividend of 18% in 2024.

As one of the four largest private banks in Vietnam, SHB is continuing its journey of Innovation - Responsibility - Efficiency, affirming its position as a leading financial institution, reaching regional and international levels. SHB sets a strategic goal of becoming the TOP 1 Bank in terms of efficiency; the most favorite Digital Bank; the best Retail Bank and at the same time the TOP Bank providing capital, financial products and services to strategic private and state-owned corporate customers, with a supply chain, value chain, ecosystem, and green development. The Bank is focusing its resources on implementing a strong and comprehensive Transformation Strategy based on four pillars: Reforming mechanisms, policies, regulations, and processes; People are the subject; Taking customers and markets as the center; Modernizing information technology and digital transformation and steadfastly following the six core cultural values ​​of "Heart - Trust - Prestige - Knowledge - Intelligence - Vision".

To realize that determination, SHB's Board of Directors has decided to establish a Transformation Block with the participation of the world's leading experts in banking and finance and approved the Transformation Strategy for the period 2024-2028. Many changes will be implemented drastically from 2024, related to target customer segments, sales channels and models, service models, technology and infrastructure, modern and effective risk management. The Transformation Strategy is built on a specific roadmap with three stages including Stage 2024-2025: Building and Developing the Platform; Stage 2026-2027: Accelerating Growth and Stage 2028: Breakthrough, Efficiency and Sustainability.

At the congress, SHB Chairman of the Board of Directors, Mr. Do Quang Hien shared that the Bank always establishes a clear strategy, with differences, suitable for each stage, with a long-term orientation. SHB continuously researches to bring modern products, services and utilities to satisfy all customer needs; builds and provides product programs suitable for customer segments in priority industries, fields that are the driving force for Vietnam's economic development, strengthens cooperation, provides complete and separate products and services for strategic customers and the ecosystem, customer value supply chain... At the same time, the Bank will continue to accompany the community and society in environmental protection activities, contributing to green growth, developing the green economy, the circular economy of the country, responding to the Government's Renewable Energy Development Strategy to 2050, participating in social charity work, the poor, and people in difficult circumstances. Throughout more than 30 years of development, SHB has always associated the Bank's activities with social responsibility, accompanying, creating and spreading good values ​​to customers, shareholders, investors and people. Originating from the heart, taking the heart as the root, that is the philosophy that has brought tens of thousands of investors to SHB, that is also what will keep shareholders staying and continuing to accompany the Bank on the journey to the future.

Design: Hai An

Source: https://nhipsongkinhte.toquoc.vn/ngan-hang-vung-ben-co-dong-2024052619452898.htm