A customer at a branch of SHB. SHB expects the dividend payout ratio in 2023 to be 15%. (Photo: SHB) At the Annual General Meeting of Shareholders earlier this week, SHB General Director Ngo Thu Ha presented two business scenarios in 2023, corresponding to two plans on credit growth limits of 10% and 14%.
Specifically, with a credit growth limit of 10%, equivalent to 429.8 trillion VND, SHB aims to increase pre-tax profit by 6.15% to 10.3 trillion VND; total assets up by 8.93% to 600 trillion VND; mobilised capital up by 12.05% to 456.18 trillion VND.
With a credit growth limit of 14%, equivalent to 445.12 trillion VND, the target pre-tax profit will increase by 9.67% to 10.63 trillion VND; total assets will be up by 10.09% to 606.5 trillion VND, and mobilised capital is expected to increase by 14.78% to 467.29 trillion VND.
In both options, SHB expects the dividend payout ratio in 2023 to be 15%.
Regarding the increase of charter capital, Do Quang Vinh, a member of the Board of Directors of SHB, presented to shareholders at the meeting a plan to issue more than 552 million shares to existing shareholders to pay dividends in 2022. The issuance rate is 18%, with a par value of more than 5.52 trillion VND.
Issuing time is within 45 days from the date the State Securities Commission notified the receipt of full issuance report documents, and is expected to be completed in 2023. SHB said that the charter capital would be raised by 5.52 trillion VND and is expected to supplement working capital.
In addition, the bank will also issue 45.12 million shares under the employee stock ownership plans (ESOP) at the price of 10,000 VND per share. The shares issued to employees will be restricted from being transferred for 18 months from the ending date of the issuance.
After completing the above two issuances, SHB's charter capital will increase from 30.67 trillion VND to 36.6 trillion VND.
Regarding the search for foreign strategic investors, Do Quang Hien, Chairman of the Board of Directors of SHB, said he was negotiating with many partners.
SHB plans to find long-term foreign strategic partners who will invest capital and participate in administrative support and technology sharing.
"It is expected that a foreign strategic partnership will be found for SHB and our partner this year or early next year," said Hien.
In 2022, SHB's total assets reached nearly 551 trillion VND, up 8.7% compared to the end of 2021, ranking in the top 6 in total assets among the largest private joint stock commercial banks in Vietnam.
Equity capital reached 62.6 trillion VND, up 17.8% compared to 2021. Total deposits reached more than 407 trillion VND, up 7.6%, and outstanding loans to customers reached more than 385 trillion VND, up 10%.
In 2022, SHB's pre-tax profit reached more than 9.7 trillion VND, up 55% over the same period last year. SHB also completed the payment of dividends for 2021 in shares at the rate of 15%.
As of December 31, 2022, SHB's charter capital reached 30.67 trillion VND./.
VNA
