SHB officially increased its charter capital to 36,629 billion VND

With a charter capital of more than VND 36,629 billion, SHB Bank continues to hold its position in the top 4 largest private joint stock commercial banks in the system.

SHB officially increased its charter capital to VND36,629 billion. (Photo: Vietnam+)

The State Bank has decided to amend the charter capital content in the Establishment and Operation License of Saigon-Hanoi Commercial Joint Stock Bank (SHB). Accordingly, SHB's charter capital is recorded at VND 36,629 billion. The State Bank's decision was issued after SHB completed the issuance of more than 43.5 million shares under the Employee Stock Ownership Plan (ESOP). With a charter capital of more than VND 36,629 billion, SHB continues to hold its position in the top 4 largest private joint stock commercial banks in the system. This will be the basis for the bank to continue implementing the plan to increase charter capital in 2024 approved by the General Meeting of Shareholders.

SHB Bank waives/reduces many types of financial service fees and provides many privileges for FDI corporate customers with outstanding incentives, quick procedures, and simple documents.

Specifically, SHB's 2024 Annual General Meeting of Shareholders approved the plan to pay 2023 dividends at a rate of 16%, including 5% in cash and 11% in shares, increasing its charter capital to VND 40,658 billion. The bank also plans to pay 2024 dividends at a rate of 18% and plans for total assets to exceed VND 701,000 billion and pre-tax profit to increase by 22%, reaching VND 11,286 billion. With a strong financial foundation and reputation, and position in the international market, SHB is ranked 137th by Fortune Magazine in the list of 500 largest financial groups and enterprises in Southeast Asia (Fortune Southeast Asia 500 - Fortune SEA 500) and 17th among financial institutions and enterprises in Vietnam. In the 2024-2028 period, SHB is focusing resources to implement a strong and comprehensive transformation strategy based on 4 pillars: Reforming mechanisms, policies, regulations, and processes; people as the subject; taking customers and the market as the center; modernizing information technology and digital transformation and steadfastly following 6 core cultural values "Heart - Trust - Trust - Knowledge - Intelligence - Vision"./.

Vietnam+

Source: https://www.vietnamplus.vn/shb-chinh-thuc-duoc-nang-von-dieu-le-len-36629-ty-dong-post961713.vnp