## SHB Pays 18% Dividend for 2024, Targets 14,500 Billion VND Pre-tax Profit in 2025
According to the 2025 General Meeting of Shareholders (GMOS) resolution, SHB will pay a 2024 dividend of 18% in total, including 5% in cash and 13% in stocks. The 2025 dividend rate is expected to remain at 18%.
At the meeting, Mr. Do Quang Hien, Chairman of the Board of Directors of SHB, emphasized the bank’s readiness and commitment to distributing dividends as soon as possible to shareholders. SHB is a customer-centric and market-driven bank that always ensures the interests of its shareholders.
SHB shares have shown continuous growth since the beginning of the year (Source: Tradingview)
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With over 1,500 shareholders and proxies in attendance out of more than 100,000 shareholders, SHB is one of the companies with the highest number of participants in the market, demonstrating investors’ interest and confidence in the bank. Shareholders expressed their satisfaction with SHB’s business results and consistent dividend policy, which includes a high ratio of both stocks and cash dividends. Shareholders also expressed their trust in the management’s leadership, the bank’s long-term potential, reputation, and position in the market. SHB’s community engagement activities, such as supporting the elimination of temporary housing nationwide, social welfare, and accompanying the Vietnam football team in the 2024 ASEAN CUP campaign, have also left a positive impression on shareholders.
In 2025, SHB aims to surpass 832 trillion VND in total assets. The pre-tax profit target is set at 14,500 billion VND, a 25% increase compared to 2024. The bank targets a 16% growth in total credit balance and aims to maintain a bad debt ratio of below 2%. In the first quarter of 2025, SHB achieved a pre-tax profit of nearly 4,400 billion VND, reaching 30% of the full-year plan.
SHB plans to increase its charter capital to 45,942 billion VND, maintaining its position in the TOP 5 largest private joint-stock commercial banks in Vietnam. The bank is also in the process of completing the necessary procedures to issue a 13% stock dividend for 2024 in the third quarter of 2025.
Recently, Fitch Ratings announced SHB’s first international credit rating. The bank was assigned a Long-Term Issuer Default Rating of ‘BB–’ with a Stable Outlook, placing it among the top-rated banks in the country. Fitch is one of the top three credit rating organizations in the world. The ‘BB–’ rating affirms SHB’s reputation and financial strength in the international market and reflects its solid financial foundation and stable profitability.
 SHB’s brand has consistently been recognized and trusted internationally
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SHB is committed to sustainable, safe, and efficient development, continuously improving its governance in line with international standards, and adopting a modern business model. The bank implements robust risk management policies, maintains adequate capital adequacy ratios, complies with the State Bank of Vietnam’s regulations, and adheres to the Basel II and Basel III standards.
For the 2024-2028 period, SHB has set strategic goals to become the TOP 1 bank in terms of efficiency, the most favored digital bank, and the best retail bank. Additionally, SHB aims to be a leading provider of financial products and services to strategic private and state-owned enterprises with supply chains, value chains, and ecosystems, focusing on green development.
As SHB embarks on this new era, it remains committed to safeguarding the interests of its shareholders, caring for its employees, and bringing prosperity to its customers, partners, investors, employees, and the wider society and nation.
– 18:58 15/05/2025
SHB Shareholders’ Meeting: Gifts Distributed to Attendees, Near 1,400 Present Before Opening
Today afternoon, April 25, Saigon – Hanoi Commercial Joint Stock Bank (SHB) held the 2024 Annual General Meeting of Shareholders at the Melia Hotel on Ly Thuong Kiet Street, Hoan Kiem District, Hanoi.
