SHB shares closed at their third consecutive session of gains on July 31, rising to 17,200 VND per share and marking a new high since June 2021. Since the beginning of the year, SHB’s share price has surged by over 90%.

SHB ended the July trading session with a liquidity of 181 million units and a buy surplus of over 9 million shares. The stock has seen multiple sessions with over 100 million shares traded since the beginning of the month, leading the VN30 group and the banking sector. Notably, on July 7, SHB recorded a record trading volume of nearly 250 million shares. Foreign investors were net buyers of SHB shares, purchasing over 100 million shares during the month.

The positive performance of SHB shares despite the volatile and tug-of-war movements in the Vietnamese stock market demonstrates investors’ confidence in this bank stock.

SHB share price movement over the past 2 years

Prior to this, the State Bank approved SHB to increase its charter capital to 45,942 billion VND by paying a 13% stock dividend for 2024, expected to be implemented in Q3 2025. SHB has also completed the payment of the first 2024 cash dividend at a rate of 5%. Thus, the total dividend ratio for 2024 was 18% and is expected to remain at this level in 2025.

SHB has consistently paid dividends to its shareholders at a rate of 10-18% over the years. After the COVID-19 pandemic, SHB resumed dividend payments in stocks and cash for 2023-2024, demonstrating its strong financial position and long-term commitment to shareholders. SHB maintains its position in the TOP5 largest private banks in Vietnam.

SHB’s charter capital over the years. Unit: billion VND

Effective business operations and improved asset quality

According to the second-quarter financial report, as of June 30, 2025, SHB’s total assets reached nearly VND 825 trillion, with customer lending exceeding VND 594.5 trillion, up 14.4% from the beginning of the year and a strong increase of 28.9% over the same period.

SHB not only focuses on its main business activities but also actively participates in government programs and policies. Resolution 68 presents significant opportunities for commercial banks, especially in supporting the development of the private sector through expanded credit and preferential loan packages for small and medium-sized enterprises, as well as engagement in the digital transformation and sustainable development agenda.

A report from Yuanta Securities assesses that SHB still has ample room for growth, despite its high cyclicality. Meanwhile, MBS Securities believes that the positive credit growth since the beginning of the year, along with the low-interest rate environment, particularly targeting corporate clients, will continue to drive credit growth for banks.

SHB’s total asset growth over the years. Unit: billion VND

In the first six months, SHB recorded a pre-tax profit of VND 8,913 billion, up 30% over the same period in 2024, completing 61% of the 2025 plan. In Q2 alone, pre-tax profit exceeded VND 4,500 billion, a 59% increase year-on-year.

Operating efficiency continued to improve, with the ROE ratio surpassing 18%. The cost-to-income ratio (CIR) was impressive at 16.4%, among the lowest in the industry. Safety ratios were also well-maintained, with the loan-to-deposit ratio (LDR) and the ratio of short-term capital used for medium and long-term loans within the limits set by the State Bank of Vietnam. The consolidated capital adequacy ratio (CAR) remained above 11%, well above the minimum requirement of 8%, ensuring capital safety.

Asset quality showed marked improvement, with the bad debt ratio (NPL) according to Circular 31 being kept at a low level. Substandard debt decreased significantly to just 0.3%, expanding the scope for further enhancement of asset quality.

In parallel with promoting business activities, SHB has perfected its credit risk measurement model and capital calculation method in accordance with Basel II, using the advanced IRB approach. The bank continues to refine its modern risk governance framework, aiming to fully meet the requirements of Basel II – IRB by 2027, while enhancing the risk management capabilities of the credit institution system as directed by the State Bank.

Additionally, SHB has effectively implemented liquidity risk management in accordance with Basel III (LCR, NSFR) and modern asset and liability management tools (FTP, ALM). These tools help the bank control cash flow, ensure liquidity, and make timely provisions against market fluctuations. SHB expects to continue leveraging these tools to enhance operational efficiency and build a solid capital buffer to support long-term growth.

In 2025, SHB targets a pre-tax profit of VND 14,500 billion, up 25% from 2024. Total assets are projected to exceed VND 832 trillion and reach the milestone of VND 1 quadrillion in 2026, marking a solid step forward in terms of scale and position in the domestic and regional financial markets.

A transformative strategy

During the 2024-2028 period, SHB is implementing a transformative strategy, aiming to become a modern, sustainable bank and expand its presence in the international financial market. SHB is one of the few banks selected by the World Bank, JICA, ADB, KFW, and other international financial institutions as a relending bank for key national projects and participation in ADB’s global trade finance program.

Currently, SHB continues its strategic cooperation with large economic groups at home and abroad, developing ecosystems and supply chains for satellite companies, small and medium-sized enterprises, and the science and technology sector. Recently, SHB signed comprehensive cooperation agreements with Vietnam Steel Corporation, Binh Son Refinery and Petrochemical Company, and the Tasco Group…

SHB forges comprehensive partnerships with prominent corporations and businesses

SHB aims to become the TOP 1 bank in terms of efficiency, the most favored digital bank, and the best retail bank, while providing financial services to strategic private and state-owned enterprises with sustainable supply chains and ecosystems. By 2035, SHB envisions becoming a modern retail bank, a green bank, and a leading digital bank in the region.

To achieve this goal and compete in the global financial markets, SHB will implement the “Bank of the Future” model, integrating advanced technologies such as artificial intelligence (AI), big data, and machine learning into its operations, products, and services. This model will not only enhance competitiveness but also enable the expansion of technological infrastructure and the development of breakthrough financial products, offering personalized experiences to customers.

Adhering to four pillars: reform of mechanisms, policies, regulations, and processes; people-centricity; customer and market centrality; and IT modernization and digital transformation, SHB remains steadfast in its six core cultural values of “Heart – Trust – Faith – Wisdom – Intelligence – Vision”. The bank contributes to the socio-economic development, joining the nation in embracing a new era of prosperity and strength.

– 07:28 01/08/2025

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