Saigon - Hanoi Bank (SHB) has just announced the record date for shareholders to pay 2023 dividends in shares at a rate of 11%. After completion, SHB's charter capital will increase to VND 40,658 billion, continuing to affirm its position in the TOP 5 largest private banks in the system. The Ministry of Industry and Trade is seeking opinions on the draft Circular detailing a number of articles of the new decree on petroleum trading. General Secretary To Lam emphasized that each revolutionary stage must have an apparatus to implement guidelines, policies and laws, ensuring goals for each stage of development. This is the golden time to implement streamlining and rearranging the apparatus to achieve the set goals, including the goal of economic growth and improving people's lives. The British magazine Time Out recently honored Hoi An, Vietnam, as one of the most romantic destinations in the world. Hoi An ranked 4th in the list of this famous travel magazine. While driving on a traffic road in Chanh Phu Hoa ward, Ben Cat city, Binh Duong province in the early morning of February 13, 2025, 2 motorbikes were suddenly swallowed by a sinkhole, injuring both people and requiring hospitalization. Local authorities promptly visited the victims... On the afternoon of February 13, in Hanoi, the Government submitted to the National Assembly for consideration the Lao Cai - Hanoi - Hai Phong railway project at the 9th Extraordinary Session of the 15th National Assembly. After the Lunar New Year holiday, along with the pink and white colors of peach blossoms, plum blossoms, pear blossoms, and yellow mustard flowers, they also competed to show off their colors, covering the corn fields or in front of the porches of the people in the Ha Giang Stone Plateau. Ha Giang province met to discuss a plan to move Coc Pai town, Xin Man district to a new location, before the rainy season this year. Summary news of the Ethnic and Development Newspaper. The morning news on February 13, 2025, has the following notable information: Preserving the sound of the panpipe in Spring. Preserving and promoting the beauty of traditional ethnic costumes. A 9X Tien Phuoc boy starts a business from local wood. Along with other current news in ethnic minority and mountainous areas. With the spirit of speed and absolute safety, at 7:00 a.m. on February 13, 10 districts and cities in Kon Tum province held a military enlistment ceremony for military units, reaching 100% of the target. In general, the quality of military recruitment in 2025 is higher than in previous years, many citizens have volunteered to join the army. Along with tens of thousands of young people nationwide, on the morning of February 13, more than 3,000 outstanding young people in Dak Lak province set off to perform their military and public security duties. Of which, 3 female recruits volunteered to join the army, dedicating their youth to protecting the Fatherland. On the morning of February 13, districts, towns and Thu Duc City (Ho Chi Minh City) simultaneously held the 2025 Military Service Handover Ceremony, with nearly 5,000 young people selected for military service and police leaving for the army. On the evening of February 12, in Hai An District (Hai Phong City), the Tu Luong Xam Festival was jubilantly opened and the Certificate of ranking the Tu Luong Xam Relic Complex - Ngo Quyen's headquarters in 938 as a Special National Relic was received. Saigon - Hanoi Bank (SHB) has just announced the closing date for the shareholder list to pay 2023 dividends in shares at a rate of 11%. After completion, SHB's charter capital will increase to VND 40,658 billion, continuing to affirm its position in the TOP 5 largest private banks in the system.
Continuously increasing charter capital is important to improve the bank's financial capacity, increase SHB's competitiveness in the process of international economic integration and especially meet the expected benefits of shareholders.
According to the Resolution of SHB Board of Directors, February 27, 2025 is the last registration date to close the list of shareholders to exercise the right to receive stock dividends in 2023, at a rate of 11%.
Previously, the State Securities Commission had approved SHB to issue shares to pay dividends in 2023. Specifically, SHB will issue nearly 403 million shares to pay dividends in 2023, at a rate of 11%, equivalent to shareholders owning 100 shares will receive 11 new shares.
According to the Resolution of the 2024 Annual General Meeting of Shareholders (AGM), SHB will pay a total dividend of 16% in 2023, including 5% in cash and 11% in shares. In August 2024, the Bank completed the first payment of 2023 cash dividend at a rate of 5% to shareholders.
Over the years, SHB has regularly paid dividends at a rate of 10-18%, demonstrating its responsibility to shareholders, while continuously improving its capital base, developing safely, sustainably and effectively, and continuously improving its management capacity according to international standards and modern models.
A strong financial foundation is a measure to affirm the Bank's reputation in the market, thereby providing the basis to expand capital attraction from residents, businesses or mobilize from the bond market with appropriate interest rates and terms, to circulate capital to key areas, prioritized development of the Government, green credit...
Sustainable development, side by side with people and country
In 2024, SHB will complete and exceed many targets assigned by the General Meeting of Shareholders at the beginning of the year. In particular, SHB recorded pre-tax profit of VND 11,543 billion, an increase of 25% compared to 2023 and exceeding the plan approved by the General Meeting of Shareholders. The ratio of operating expenses/total operating income (CIR) is at 24.5% - the lowest group in the industry. Total assets by the end of 2024 will be over VND 747 trillion, an increase of 18.5% compared to the end of 2023. Outstanding credit balance is nearly VND 534 trillion, credit growth rate is 18.2%.
SHB continues to ensure safety, liquidity, and risk management indicators comply with and are better than the regulations of the State Bank. The capital safety ratio (CAR) is above 12% according to Basel II standards, the liquidity risk ratio meets Basel III standards, and the goal of controlling bad debt is completed according to the plan of the General Meeting of Shareholders.
These milestones not only affirm the Bank’s confidence and determination, but also continue to affirm SHB’s position and stature in the domestic financial market. According to banking and finance experts, SHB’s growing business results affirm the correct business strategy, solid risk management capabilities and the ability to effectively exploit capital resources.
In addition to sustainable business development, SHB always focuses on social security, accompanying and sharing with businesses and people. SHB is one of the 5 banks that have contributed the most to the budget over the past years.
SHB has actively implemented and well implemented the policies of the Government and the State Bank in supporting and accompanying businesses in difficult times. The bank has provided many preferential credit programs worth tens of thousands of billions of VND for new customers and interest rate reductions for existing customers. With SHB's timely support, many businesses have overcome difficulties, operated stably and developed.
Actively responding to the Prime Minister's call, SHB contributed 100 billion VND to help Soc Trang province build and repair houses for poor households, bringing solid homes and hope for a stable life. In the program to build 150 houses and a school for disaster areas, SHB and the Ministry of Public Security donated houses in Son La and continued to expand to Tuyen Quang, Dien Bien, Yen Bai, Ha Giang... to share love and help people overcome difficulties.
With its activities accompanying society in the past year, SHB was honored as “Bank for People of the Year”, recognizing the Bank's efforts in contributing to the community, creating sustainable values for the country.
Over three decades of development, SHB has always taken the Heart as the root, accompanying the people and the community, creating and spreading good values, developing the economy in parallel with social development, building a strong and prosperous country, entering a new era - the era of the Vietnamese people's rise.
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".
The Bank 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 enterprise customers, with a supply chain, value chain, ecosystem, and green development.
With a strong financial foundation, sustainable, safe and effective development, in the first time the Fortune SEA 500 ranking was announced, SHB ranked 137th among the organizations with the largest revenue in Southeast Asia and ranked 17th among financial organizations and enterprises in Vietnam. SHB is also one of the 5 banks that have contributed the most to the budget over the past many years.
In 2024, SHB continuously won important awards from prestigious domestic and international organizations such as: TOP 50 most profitable enterprises in Vietnam, TOP 10 most prestigious private commercial banks in Vietnam ranked by Vietnam Report; TOP 100 Vietnam Golden Star Awards 2024...
Source: https://baodantoc.vn/shb-chot-quyen-tra-co-tuc-tin-vui-dau-nam-cho-co-dong-1739451670619.htm
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