Vietnam lender SHB stands with country to spur socio-economic development in new era

With a strategy of comprehensive transformation and strong breakthrough, Saigon-Hanoi Commercial Joint Stock Bank (SHB) continues to reinforce its solid position in the financial market, expand its international presence, and contribute to national socio-economic development.

The bank, listed on the Ho Chi Minh Stock Exchange as SHB, will hold its 2025 AGM on April 22, presenting many key targets to shareholders. Its total assets are expected to exceed VND832 trillion ($32.22 billion) this year, with total credit projected to grow by 16%. The non-performing loan ratio will be maintained below 2%.

SHB targets a pre-tax profit of VND14.5 trillion ($561.58 million), marking a 25% increase from 2024. For years, SHB has consistently ranked among the top five banks contributing the most to the state budget.

This year, SHB also aims to increase its charter capital to more than VND45.94 trillion ($1.77 billion), strengthen its solid financial foundation, and maintain its position as one of the top five largest private banks in Vietnam. The bank plans a total dividend of 18% for 2024, with 13% in shares and 5% in cash.

Earlier, on April 8, 2025, the State Bank of Vietnam (SBV) issued a decision amending the charter capital details in SHB’s establishment and operation license. As a result, SHB’s charter capital is now recorded at nearly VND40.66 trillion ($1.57 billion).

This decision followed SHB’s completion of a nearly 403 million-share issuance to distribute the second dividend for 2023 at a rate of 11%. In August 2024, SHB had already completed the first dividend payout for 2023, paying 5% in cash to shareholders, bringing the total dividend for 2023 to 16%.

For many years, SHB has consistently paid dividends at rates of 10% to 18%, demonstrating its commitment to shareholders while continuously strengthening its capital base; ensuring safe, sustainable and effective growth; and enhancing its governance capabilities in line with international standards and modern models.

The bank has worked to enhance its risk management capabilities and compliance monitoring in line with modern, effective international standards. Additionally, it has identified anti-corruption, anti-wastefulness, and anti-misconduct efforts as a core, continuous, and long-term priority, demonstrating its commitment to fostering a transparent, fair, and efficient working environment.

SHB has invested in building a data platform and smart analytical tools to enable real-time risk forecasting and support quick, accurate decision-making, adapting to market fluctuations. At the same time, the bank has implemented modern risk management standards such as Basel III, internal ratings-based (IRB) approach, asset and liability management (ALM), funds transfer pricing (FTP), and international financial reporting standard 9 financial instruments (IFRS 9).

SHB remains closely aligned with and actively supports the policies of the Party, the Government, and the SBV. The bank regularly analyzes domestic and international developments to guide its strategic management toward efficiency, safety, and sustainable growth.

It consistently stands alongside individuals and businesses, promoting economic development in tandem with social progress. The bank identifies 2025 as a breakthrough year of transformation, aiming to enhance its intrinsic strengths while maintaining sustainable growth momentum

Supporting community and society

Throughout its 32-year journey, SHB has consistently worked to create and spread positive values within the community and society. The bank is firmly committed to fulfilling its social responsibilities, contributing to green economic growth, financial inclusion, and building a prosperous community.

In 2024 alone, SHB allocated over VND150 billion ($5.8 million) for social welfare initiatives, supporting the underprivileged, promoting education, and improving community healthcare.

In collaboration with the Ministry of Public Security, SHB and T&T Group launched a nationwide program to eliminate substandard housing and support the poor. The program has built 700 homes for low-income families in the Mekong Delta province of Bac Lieu, along with 150 houses and a satellite school in mountainous areas severely affected by natural disasters, including the northern provinces of Son La, Phu Tho, Tuyen Quang, Dien Bien, Yen Bai, Ha Giang, Cao Bang, Bac Kan, and Thai Nguyen.

SHB’s consistent involvement in social welfare has become a core part of its corporate culture, not just today, but throughout difficult periods in the past. During the pandemic, SHB provided financial aid, essential equipment for hospitals, and special loan packages to support the community.

The bank has also rolled out financial support packages and interest rate reductions totaling trillions of VND (VND1 trillion = $38.73 million), including subsidized lending programs and affordable housing loans for low-income earners.

At the same time, SHB has assisted customers in developing business plans and provided comprehensive financial services via modern digital platforms, helping customers manage their finances more effectively. SHB has actively connected businesses with reputable organizations and provided market information along with updates on Government support policies, enabling enterprises to stabilize operations and achieve sustainable growth.

As it enters a new era, SHB remains committed to safeguarding shareholder interests, improving employee welfare, and generating lasting values for customers, shareholders, partners, investors, staff, and the broader community and society.