HÀ NỘI — Saigon-Hanoi Commercial Joint Stock Bank (SHB) has set February 24, 2025, as the final registration date for shareholders to receive the 2023 stock dividend at an 11 per cent rate. Eligible shareholders will get 11 new shares for every 100 held.

Following this dividend issuance, SHB’s charter capital will rise to VNĐ40.6 trillion, reinforcing its position as one of Việt Nam’s five largest private banks.

The increase in capital is critical to the bank’s strategic objectives: strengthening its financial capabilities, enhancing competitiveness in the global market and delivering consistent value to its shareholders.

This dividend payout follows the approval of SHB’s share issuance for dividends by the State Securities Commission earlier this year. The total dividend for 2023 is set at 16 per cent, combining 5 per cent in cash and 11 per cent in stock. SHB already completed the cash portion of the dividend in August 2024, fulfilling part of its commitment to shareholders.

SHB has a strong track record of rewarding shareholders, regularly paying dividends in the range of 10 to 18 per cent over the years. 

SHB has exceeded its financial targets for 2024. The bank recorded a pre-tax profit of VNĐ11.5 trillion, marking a 25 per cent increase from 2023 and surpassing the profit targets set at the beginning of the year. 

By the end of 2024, SHB's total assets had grown to over VNĐ747 trillion, an increase of 18.5 per cent from 2023, while outstanding credit reached nearly VNĐ534 trillion, with an impressive 18.2 per cent growth rate. — BIZHUB/ VNS