The 2024 Annual General Meeting of Shareholders (AGM) of SHB Bank was held on the afternoon of April 25. During the discussion session, a shareholder questioned SHB’s Chairman of the Board of Directors, Mr. Do Quang Hien, about the bank’s lack of a grand headquarters. The shareholder requested information from the management on the progress of constructing the headquarters, as shareholders desired a magnificent headquarters comparable to other banks.
In response, Mr. Do Quang Hien stated that the bank currently owns a prime piece of land with three frontages at the intersection of Ly Thuong Kiet and Hang Bai streets. This land was acquired over 10 years ago. The SHB Chairman emphasized that the land has an excellent location, a size of 2200 m2, and, most importantly, is residential land with long-term ownership.
SHB has completed the necessary procedures as per government regulations, and the progress has been approved by the city authorities in accordance with regulations. If feasible, SHB plans to commence construction of its headquarters on this land within this year. Upon completion, it will become a notable landmark.
If construction begins this year, SHB will have a befitting headquarters within approximately three years. SHB will become the number one bank in terms of efficiency, with its headquarters being inaugurated and opened.
Mr. Do Quang Hien, Chairman of SHB, at the 2024 AGM.
Also at the AGM, in response to a shareholder’s congratulations on SHB’s achievements in 2023, including receiving the Third-Class Labor Medal and having its stock included in the VN30 index, Mr. Do Quang Hien stated that SHB had not yet fully disclosed its achievements. In 2023, at the age of 30, SHB received several prestigious awards from leading international organizations.
The SHB Chairman added that during challenging times, such as the recent past, SHB was a pioneering bank in supporting its corporate clients, implementing the policies of the government and the State Bank of Vietnam with significant and practical figures, and with a genuine dedication. This has impacted the bank’s profitability. However, during the general difficulties, SHB has always sought to support and share with the community.
Regarding a shareholder’s question about SHB’s differentiation from other banks, Mr. Hien stated that since its establishment, SHB has always defined its business and competitive strategies for different stages, in line with its long-term direction. This differentiation is flexible and depends on each stage.
The SHB Chairman emphasized, “I believe we are different from other organizations.” For instance, according to Mr. Hien, SHB focuses on diversifying products for private economic groups, offering various options. This is why SHB Bank was voted the most favorite bank. The bank currently aims to focus on businesses with an ecosystem that supports green economic development.
