SHB closes the right to pay 2023 cash dividend at a rate of 5%

The Board of Directors of Saigon - Hanoi Commercial Joint Stock Bank (HoSE: SHB ) has just decided that July 19 is the date to close the shareholder list to pay cash dividends at a rate of 5%.

The decision of SHB's Board of Directors is implemented in accordance with the Resolution of the 2024 Annual General Meeting of Shareholders on the dividend payment plan for 2023. Specifically, the General Meeting of Shareholders approved the 2023 dividend rate of 16%, including 5% in cash and 11% in shares, expected to increase the charter capital to VND 40,658 billion. The bank is also completing the documents to submit to the management agency, carrying out procedures to prepare for the issuance of 2023 dividend payment in shares at a rate of 11% in the third quarter of 2024.

Recently, the State Bank issued a decision to amend the content of Charter Capital in the License for Establishment and Operation of SHB. Accordingly, SHB's charter capital is recorded at more than 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).

SHB plans to have total assets exceeding VND 701,000 billion in 2024; total outstanding credit growth of 14% (adjusted according to the approval of the State Bank); market 1 mobilization in line with actual credit growth. Pre-tax profit is targeted to increase by 22%, reaching VND 11,286 billion, expected dividend payment in 2024 at 18%.

In the period of 2024-2028, 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.

With a solid foundation and cultural depth, steadfast in the direction of sustainable, safe and effective development, continuously improving governance capacity according to international standards and modern models, SHB implements strict risk management policies, ensures capital safety ratios, better complies with the regulations of the State Bank, and implements Basel II and Basel III standards. SHB is continuing its journey of Innovation - Responsibility - Efficiency, affirming its position as a leading financial institution, reaching regional and international levels.

Source: https://phunuvietnam.vn/shb-chot-quyen-tra-co-tuc-2023-bang-tien-mat-voi-ty-le-5-20240701202901507.htm