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

The State Bank has decided to amend the charter capital content in the Establishment and Operation License of Saigon - Hanoi Commercial Joint Stock Bank (HoSE: SHB). Accordingly, SHB's charter capital is recorded at VND 36,629,085,420,000.

The State Bank's decision was issued after SHB completed the issuance of more than 43.5 million shares under the employee stock option program (ESOP). With a charter capital of more than VND 36,629 billion, SHB continues to hold its position in the Top 4 largest private 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.

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 charter capital to VND40,658 billion. The bank also plans to pay 2024 dividends at a rate of 18%, while planning total assets to exceed VND701,000 billion and pre-tax profit to increase by 22%, reaching VND11,286 billion.

With a strong financial foundation and reputation, position in the international market, SHB was 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 are the subject; Taking customers and markets as the center; Modernizing information technology and digital transformation and steadfastly following 6 core cultural values ​​"Heart - Trust - Faith - Knowledge - Intelligence - Vision".

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 corporate customers, with a supply chain, value chain, ecosystem, and green development.

PV