SHB earned nearly 4,400 billion in profit in the first quarter, expected to pay dividends of up to 36% for 2 years

SHB operates effectively and sustainably

Saigon - Hanoi Commercial Joint Stock Bank (SHB) has just announced its first quarter business results with impressive growth. Thereby, SHB continues to affirm its strong internal resilience with a properly planned and methodical development strategy.

As of March 31, SHB's total consolidated assets reached VND 790,742 billion, an increase of 6% compared to the end of 2024.

Outstanding credit balance reached VND575,777 billion, up 7%. Capital is focused on investing in key production and business sectors and industries with growth potential in line with the sustainable development orientation of the economy, creating a foundation for stable and effective growth in the long term.

Credit quality continues to be controlled within safe limits thanks to proactive, drastic and effective implementation of risk management and debt settlement solutions.

SHB chooses a selective growth orientation, focusing on investing in strategic customer segments, taking advantage of competitive advantages in the ecosystem, supply chain, and customer value chain to create stable and differentiated growth.

Developing business operations in depth, optimizing resources, and investing heavily in digitalization and modernization have helped the bank improve system-wide performance and create real value.

SHB's operating system has been transforming from quality compliance assessment to customer experience management, affirming SHB's compliance with international standards and strong commitment to a customer-centric strategy.

At the end of the first quarter, SHB's pre-tax profit reached nearly VND 4,400 billion, achieving 30% of the 2025 plan. This growth shows SHB's solid internal capacity, and a favorable foundation for breakthrough growth goals in 2025.

Increased profits mean increased budget contributions. Therefore, for many years, SHB has been in the TOP 5 banks with the largest budget contributions.

SHB identifies 2025 as a strategic milestone to kick off a period of acceleration and comprehensive breakthrough in its 5-year strategy. SHB targets pre-tax profit of VND 14,500 billion, up 25%.

Total assets of VND832,000 billion. Charter capital of nearly VND46,000 billion, with a plan to increase credit growth by 16% and strictly control the bad debt ratio below 2%.

Total assets are expected to reach 1 million billion VND by 2026, affirming its stature and position in the domestic and foreign financial markets, reaching international standards.

SHB expects the total dividend rate for 2024-2025 to be 36% - Photo: SHB

Dividend 36% for 2 years 2024-2025

Committed to bringing the best value to shareholders, SHB continues to maintain a stable and transparent dividend policy. The bank plans to pay a dividend of 18% in 2024, of which 5% is in cash and 13% is in shares, and expects a dividend of 18% for 2025, in line with the goal of increasing equity capital and increasing sustainable value for shareholders in the medium and long term.

Recently, SHB has also completed increasing its charter capital to VND 40,658 billion, firmly in the TOP 5 largest private joint stock commercial banks in Vietnam.

SHB identifies that digital transformation and scale growth must go hand in hand with improving operational quality. The bank will focus on perfecting its technology platform, modernizing its operational infrastructure, streamlining its apparatus, and continuing to increase business efficiency, with key solutions as the focus for 2025.

That is to apply sales management system, retail and enterprise credit management according to integrated model; Develop smart digital channels with seamless customer experience, high security.

SHB also applies AI, Big Data and Process Automation (RPA) to improve analysis efficiency, risk control and service personalization. From 2026, SHB will enter the acceleration phase, aiming to comprehensively integrate the financial - digital - customer ecosystem.

SHB's development strategy is implemented synchronously according to 4 core pillars: Reforming mechanisms, policies, and processes - towards international standards; People are the center of transformation and innovation; Customers and markets are the compass for action; Digital transformation is the lever for growth.

Based on the six core cultural values ​​of "Heart - Trust - Faith - Knowledge - Intelligence - Vision", SHB is committed to continuing comprehensive innovation, taking drastic actions, and growing effectively and sustainably. At the same time, the bank also affirms its role as a leading financial institution, accompanying businesses and people and making practical contributions to the development of the country's economy.

Source: https://tuoitre.vn/shb-lai-gan-4400-ti-trong-quy-1-du-kien-chia-co-tuc-toi-36-cho-2-nam-20250421163945816.htm