SHB approved to increase charter capital to US$1.16 billion

HÀ NỘI — SHB was given approval from the State Bank of Việt Nam to increase its charter capital from the current VNĐ 一 九. 二 trillion (US$ 八 四 三. 二 million) to VNĐ 二 六. 六 trillion ($ 一. 一 六 billion).

Of which, the bank would add VNĐ 二 trillion by issuing shares to pay dividends with a rate of  一0. 五 per cent from its after-tax profit after setting aside funds in  二0 二0. Another VNĐ 五. 三 trillion would be added to the charter capital by issuing shares to existing shareholders with the offering price of VNĐ 一 二, 五00 per share.

The charter capital increase aims to improve SHB’s financial potential, expand lending scale, and invest in information technology. Especially, it would help promote the bank's digitisation, realising the goal of becoming a modern retail bank with optimal financial products and services according to Industry  四.0 standards.

Earlier, SHB successfully issued more than  一 七 五 million shares to pay the  二0 一 九 dividend in May  二0 二 一, raising its charter capital to more than VNĐ 一 九. 二 trillion.

In the first half of the year, SHB reached before-tax profit of VNĐ 三 trillion, posting an  八 六. 五 per cent year-on-year increase, meeting half of its whole year set target. Its return on equity (ROE) reached  二 四. 三 per cent.

As of June  三0, its total assets reached VNĐ 四 五 八 trillion, increasing  一 一 per cent from the beginning of the year and meeting  九 九. 五 per cent of the set target.

More than  一. 九 billion shares of SHB would be moved from the Hà Nội Stock Exchange (HNX) to the Hồ Chí Minh Stock Exchange (HoSE) from October  五.

With the capitalisation of over VNĐ 五 一. 六 trillion, SHB has been one of the most influential stocks on HNX. The move from listing SHB to HoSE will reduce the market capitalisation of HNX by more than  一 二 per cent. — VNS