Tuesday, April 23, 2019 4:43:46 PM - Markets open
VN-INDEX 968.00 +2.14/+0.22%
HNX-INDEX 106.29 +0.66/+0.62%
UPCOM-INDEX 55.68 +0.03/+0.06%
SHB to raise capital again this year
VietnamPlus - 4/24/2018 3:34:12 PM
 (0 ratings. You must sign in to rate.)
The Saigon – Hanoi Bank (SHB) plans to raise its charter capital by more than 1.2 trillion VND (52.8 million USD) to 13.24 trillion VND (582.56 million USD) in 2018.
 
The hike was mentioned by SHB Director General Nguyen Van Le as part of a plan approved at this year’s SHB shareholder meeting in Hanoi on April 23. The bank will increase the capital by issuing additional shares in the form of 10-percent stock dividends to shareholders. 
 
SHB expects to have the total asset exceed 315.49 trillion VND (13.88 billion USD) by the end of this year, a rise of 10.3 percent from the beginning of this year. It also aims to reach a pre-tax profit of 2.05 trillion VND (90.2 million USD) and maintain the rate of non-performing loans at below 3 percent. The Return on Assets (ROA) and Return on Equity (ROE) will be kept at around 0.6-0.8 percent and 10.5-11.5 percent, respectively.
 
In addition, the bank intends to further expand its presence in the country by launching five more branches and 20 transaction offices.
 
At the meeting, the shareholders voted Thai Quoc Minh as new Member of the Board of Management and Trinh Thanh Hai as new Member of the Board of Independent Directors.
 
In early March, the bank successfully issued more than 83.92 million shares to pay dividends, raising the charter capital from 11.2 trillion VND (492.8 million USD) to over 12.03 trillion VND (529.3 million USD).
 
By the end of last year, SHB’s total assets amounted to over 286 trillion VND (12.58 billion USD), up 18.8 percent year-on-year, placing it among the top 5 private commercial banks in Vietnam. The lender posted a pre-tax profit of nearly 1.93 trillion VND (84.92 million USD) last year, up 66.5 percent against the previous year and 10 percent higher than the yearly plan.
 
SHB has been honoured as “Best Domestic Bank” of Vietnam in 2017 in The Asset Asian Awards (Triple A). The annual Triple A recognition of The Asset – a financial magazine for Asia’s decision makers - represents the industry's most prestigious awards for banking, finance, treasury and the capital markets.
 
The bank currently has 7,000 employees and 500 transaction points in Vietnam, Laos, Cambodia and Myanmar to serve some four million customers.-VNA
 
Read original article here
Newer News
16:51 VDS: Resolution on the AGM 2018
16:31 TMP: Resolution on the AGM 2019
16:30 TDG: Board resolutions on bank borrowing
16:29 TAC: Information on bank loans in Q1.2019
16:28 SGT: Resolution of Annual General Meeting of FY 2018
16:27 POW: Notice of change of personnel
16:27 HAI: HAI to be put into warning status
16:26 DCL: Resolution of Annual General Meeting 2019
16:25 VRE: Resolution & Minutes of Annual General Meeting 2019
16:01 TCB: Resolution of Annual General Meeting 2019
Older News
24/04 VJC: Vietjet’s profit hits new height in 2017
23/04 BID: BIDV plans to raise chartered capital by 28% this year
23/04 PNJ to expand retail system, online sales
23/04 NLG: Property firm Nam Long to auction 40 million shares to raise capital
23/04 HDB: HDBank shareholders approve PG Bank acquisition in all-stock deal
21/04 SSI: Saigon Securities Inc targets 15% rise in profit
21/04 STB: Sacombank vows to finish settling bad debts in five years
17/04 Vinasun cuts revenue forecast
17/04 TAC increases dividend by half to 24 per cent
16/04 VTVCab cancels IPO after few investors show interest
 
Newsletter Signup
Top Stories
Vinalines Logistics’ profit growth projected at least 10 percent
Shares move little as Tết approaches
Consumer price index slips 0.07 per cent during August
Average VND/USD exchange rate rises by another 1%
Vietnam doubles dong’s trading band after China devalues yuan
Market Update
Last updated at 3:09:44 PM
VN-INDEX 968.00 +2.14/+0.22%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.