The State Securities Commission (SSC) has just issued the Letter No. 700/ UBCK-QLCB announcing to have received of Saigon-Hanoi JS Commercial Bank (SHB)’s report about the successful issuance of 83,927,010 shares to make dividend payment. Accordingly, the bank’s chartered capital has increased to more than 12.036 trillion dong.
Nguyen Van Le, CEO of SHB said “The share issuance to raise chartered capital is necessary and important to improve management and government capability as well as enhance SHB’s competitiveness in the international economic integration process”.
“This is one of the important factors so that SHB can quickly complete the target of becoming Vietnam’s leading multi-functional retail bank following international standards, gradually welcoming the trend of the Revolution 4.0 with different and outstanding products and services”, said SHB’s CEO.
As of December 31, 2017, the bank’s total assets were 277.994 trillion dong, continuing to affirm its position in the Top 5 Vietnam’s private joint stock commercial banks. Its equity reached 17.829 trillion dong. In 2017, the bank’s total pre-tax profit touched 1.938 trillion dong, up 66 percent from the previous year and exceeding 11 percent of the plan.
With safe and efficient business results along with the improvement of financial capacity, governance and management, SHB was one of the few banks to continuously expand operation network.
Recently, the State Bank Governor has approved SHB’s establishment of five new branches in such provinces as Son La, Hai Duong, Nam Dinh, Binh Thuan, and Vinh Long. In addition, SHB was allowed to open 20 more transaction offices directly under SHB’s branches nationwide. Earlier, in 2017, SHB put into operation five more new branches in Ha Nam, Ha Tinh, Binh Dinh, Tay Ninh and Dak Lak.
