The impact of SHB shares

Over the past two months, SHB's share price has surged with market-leading liquidity, attracting foreign capital. For many years, SHB has consistently paid dividends at a rate of 10-18%. Recently, SHB announced breakthrough business results with significant changes in the implementation of its transformation strategy.

July 31st marked the third consecutive day of limit-up gains forSHB shares, pushing the share price to 17,200 VND/share, officially surpassing its June 2021 peak. Since the beginning of the year, SHB's share price has increased by over 90%.

SHB shares ended the July 2025 trading session with a trading volume of 181 million units, with a buy order surplus of over 9 million shares. Since the beginning of the month, SHB has recorded several trading sessions exceeding 100 million shares, leading the VN30 group and the banking sector. Notably, on July 7th, SHB recorded a record trading volume of nearly 250 million shares. In particular, SHB shares attracted significant foreign investment, with net purchases exceeding 100 million SHB shares during the month.

The positive performance of SHB shares, despite the fluctuating nature of the Vietnamese stock market, demonstrates investor confidence in this bank's stock.

SHB stock performance over the past two years.

Previously, the State Bank of Vietnam approved SHB's increase in charter capital to VND 45,942 billion through the payment of 2024 dividends in shares at a rate of 13%, expected to be implemented in the third quarter of 2025. Prior to this, SHB had completed the first installment of the 2024 dividend payment in cash at a rate of 5%. Accordingly, the total dividend rate for the whole year 2024 is 18% and is expected to be maintained in 2025.

For many years, SHB has consistently paid dividends to shareholders at a rate of 10-18%. After the Covid-19 pandemic, SHB returned to paying dividends in both shares and cash in 2023-2024, demonstrating its strong financial potential and long-term commitment to shareholders. SHB maintains its position among the top 5 largest private banks in Vietnam.

SHB's charter capital over the years. (Unit: billion VND)

Efficient business operations, improved asset quality.

According to the Q2 financial report, as of June 30, 2025, SHB's total assets reached nearly VND 825,000 billion, of which outstanding loans to customers exceeded VND 594,500 billion, an increase of 14.4% compared to the beginning of the year and a sharp increase of 28.9% compared to the same period last year.

SHB not only focuses on its core business activities but also actively participates in government programs and policies. Resolution 68-NQ/TW opens up great opportunities for commercial banks, especially in supporting the development of the private sector , through expanding credit and providing preferential loan packages for small and medium-sized enterprises, while also participating in digital transformation and sustainable development.

A report from Yuanta Securities Company suggests that SHB still has significant growth potential, despite its highly cyclical nature. Meanwhile, MBS Securities believes that the positive credit growth since the beginning of the year, coupled with a low interest rate environment, particularly focused on corporate clients, will continue to drive credit growth for banks.

SHB's total asset growth over the years. (Unit: billion VND)

For the first six months of the year, SHB recorded pre-tax profit of VND 8,913 billion, a 30% increase compared to the same period in 2024, achieving 61% of the 2025 plan. In the second quarter alone, pre-tax profit reached over VND 4,500 billion, a 59% increase compared to the same period.

Operating efficiency continued to improve with a return on equity (ROE) exceeding 18%. The operating expense-to-income ratio (CIR) was impressive at 16.4%, among the lowest in the industry. Safety indicators also remained strong, with the loan-to-deposit ratio (LDR) and the ratio of short-term capital used for medium- and long-term lending both within the limits set by the State Bank of Vietnam. The consolidated capital adequacy ratio (CAR) remained above 11%, well exceeding the minimum of 8%, ensuring adequate capital capacity.

Asset quality has improved significantly, with the non-performing loan (NPL) ratio under Circular 31 kept at a low level. Group 2 loans have sharply decreased to just 0.3%, expanding room for further improvement in asset quality.