SHB wants to double capital in Laos, shares up 135% since the beginning of the year

Accordingly, the Board of Directors has approved the doubling of the charter capital of Saigon - Hanoi Lao Bank Limited (SHB Laos) (from 500 billion LAK to 1,000 billion LAK), to be implemented in the period 2025 - 2035. The SHB General Director is assigned to direct and the SHB Laos General Director, relevant units and individuals at SHB, SHB Laos to carry out licensing procedures at competent state management agencies in accordance with the provisions of Vietnamese law and Lao law.

This year's SHB General Meeting of Shareholders also approved the transfer of SHB's capital at Saigon - Hanoi Lao Bank Limited (SHB Lao). SHB leaders and investors signed an agreement to transfer all of SHB's capital contributions at SHB Lao.

SHB and its partners have submitted their application to the Lao Central Bank, and have now been approved in principle by the Lao Central Bank. SHB and the investor are continuing to carry out transfer procedures in accordance with Lao and Vietnamese laws.

Regarding the transfer of SHB's capital at Saigon - Hanoi Bank Cambodia Limited (SHB Cambodia), SHB said it is selecting a suitable partner to carry out the capital transfer to convert the operating model of SHB Cambodia.

SHB has just closed the last registration date to exercise the right to pay dividends in 2024 by shares (August 19) with a dividend rate of 13%. It is estimated that SHB Bank will need to issue a total of 528.5 million additional shares to pay this dividend to shareholders. After the above issuance, SHB Bank's charter capital will reach more than VND 45,942 billion, continuing to maintain its position in the Top 5 largest private joint stock commercial banks in the system. Previously, this bank had made an interim payment of the first dividend in 2024 in cash at a rate of 5% to shareholders. According to the plan, SHB Bank's total dividend rate in 2024 is 18% and is expected to be maintained in 2025.

On the stock market, SHB's capitalization is currently at 3.2 billion USD, its stock price has increased by 135% since the beginning of the year, at 18,500 VND/share at the close of yesterday's trading session (August 21). SHB's stock liquidity is always in the top of VN30 and the banking industry group.

In the first half of 2025, SHB's net interest income reached VND 14,670 billion, an increase of more than 53%; pre-tax profit was VND 8,913 billion, an increase of 29.6%; after-tax profit was VND 7,103 billion, an increase of nearly 29.3%. Thus, SHB has completed 61% of the 2025 profit target after 6 months.

Source: https://baodautu.vn/shb-muon-tang-von-gap-doi-tai-lao-co-phieu-tang-135-ke-tu-dau-nam-d366707.html