Thursday, May 24, 2018 1:43:30 AM - Markets open
VN-INDEX 988.94 +3.03/+0.31%
HNX-INDEX 118.11 +1.39/+1.19%
UPCOM-INDEX 54.07 +0.34/+0.64%
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
22/05 VIC: Vingroup target 50% profit growth
19/05 HVN: Vietnam Airlines plans to build logistics hub in Can Tho city
18/05 MPC: Minh Phu Seafood tries to bring back glory days
16/05 TDH: Daewon Thu Duc House develops $115-million property project in Hanoi
15/05 LCG: Licogi 16 aims for 110 million USD in consolidated revenue in 2018
14/05 BHN: Habeco requested to pay 1.85 trillion VND in tax liabilities
11/05 HVN: Vietnam Airlines aims to serve 24.3 million passengers in 2018
09/05 HPG: Three people died in Hoa Phat steel factory fire
09/05 GMD: Nam Dinh Vu deep-water port put into use in Hai Phong
09/05 HSG: Hoa Sen group ships largest batch of sheet metal to Europe
Older News
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
16/04 VTVCab cancels IPO after few investors show interest
12/04 VGC: Viglacera plans to reduce State ownership to 36%
12/04 HVN: Ministry to auction Vietnam Airlines’ share purchase rights
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:12:28 PM
VN-INDEX 988.94 +3.03/+0.31%
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.