SHB accompanies the country, developing the economy and society in the new era

On April 22, Saigon - Hanoi Commercial Joint Stock Bank (HoSE: SHB ) will hold the 2025 Annual General Meeting of Shareholders to present shareholders with many important targets. The bank plans to have total assets exceeding VND 832 trillion in 2025, with total outstanding credit growth of 16%. The bad debt ratio is strictly controlled below 2%. Pre-tax profit is targeted at VND 14,500 billion, an increase of 25% compared to 2024. For many years, SHB has been in the TOP 5 banks with the largest budget contributions.

This year, SHB also aims to increase its charter capital to VND45,942 billion, consolidate its strong financial foundation, and maintain its position in the TOP5 largest private banks in Vietnam. Accordingly, the Bank will pay a total dividend of 18% in 2024, including 13% in shares and 5% in cash.

Previously, on April 8, 2025, the State Bank issued a decision to amend the charter capital content in the License for Establishment and Operation of SHB. Accordingly, SHB's charter capital was recorded at VND 40,657 billion. The State Bank's decision was issued after SHB completed the issuance of nearly 403 million shares to pay the second dividend in 2023 at a rate of 11%. In August 2024, the Bank completed the first cash dividend payment in 2023 at a rate of 5% to shareholders; the total dividend rate in 2023 is 16%.

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.

The Bank continues to strengthen its risk management capacity and monitor compliance with modern, effective international standards. In addition, the Bank identifies the prevention of corruption, waste and negativity as one of its key, regular, continuous and long-term tasks, demonstrating its commitment to maintaining a transparent, fair and effective working environment. SHB invests in building a data platform and smart analysis tools, helping to forecast risks in real time and support quick, accurate decision-making, adapting to market fluctuations. At the same time, the Bank implements modern risk management standards such as Basel III, advanced capital calculation method (IRB), asset-liability management system (ALM), internal valuation (FTP) and international accounting standards IFRS 9.

SHB always closely follows and actively responds to the policies of the Party, Government, and State Bank, and regularly researches and analyzes the domestic and international situation and manages strategies towards efficiency, safe and sustainable development. The Bank always accompanies people and businesses, developing the economy in parallel with social development. SHB identifies 2025 as a breakthrough year of transformation and strong transformation, both strengthening internal strength and maintaining sustainable growth momentum.

Accompanying the community and society

In addition, throughout 32 years of development, the Bank has accompanied the creation and spread of good values to the community and society. The Bank is committed to fulfilling its social responsibilities, contributing to the development of a green economy, comprehensive finance and a prosperous community. In 2024, the Bank has spent more than 150 billion VND on social security activities, supporting the poor, developingeducation and taking care of community health.

In particular, accompanying the Ministry of Public Security, SHB and T&T Group implemented a program to eliminate temporary houses, support the poor in all provinces and cities, build 700 houses for the poor in Bac Lieu province; and build 150 houses for people and 1 school for children of ethnic minorities in mountainous areas severely affected by storms and floods such as: Son La, Phu Tho, Tuyen Quang, Dien Bien, Yen Bai, Ha Giang, Cao Bang, Bac Kan, Thai Nguyen... Accompanying in social security activities has become SHB's traditional culture, not only at the present time but also in difficult periods of the community in the past. During the pandemic, SHB actively and proactively contributed to society, helping people overcome difficult times through donating money, sponsoring equipment and essential supplies at hospitals, supporting through loan packages...

The bank also implemented financial support packages, interest rate reductions with a total amount of up to thousands of billions of VND (interest rate support loan program; housing support loan package for low-income people); at the same time, it supported customers in building business plans and providing comprehensive financial products and services on a modern technology platform, helping customers manage their finances effectively. SHB also actively connects businesses with reputable organizations, provides market information and support policies from the State, helping businesses stabilize and develop.

Entering a new era, SHB continues to ensure shareholders' interests, care about the lives of employees, bring prosperity to customers, shareholders, partners, investors, employees and more broadly, the community and society.

Source: https://baodautu.vn/shb-dong-hanh-cung-dat-nuoc-phat-trien-kinh-te---xa-hoi-trong-ky-nguyen-moi-d268279.html