HÀ NỘI — Saigon Hanoi Commercial Joint Stock Bank (SHB) plans to double the charter capital of its subsidiary, SHB Laos, from LAK500 billion (VNĐ590 billion, or over US$23 million) to LAK1 trillion. 

This expansion is part of the bank's growth strategy for next ten years. 

Approved by the bank’s board of directors, the move has also tasked the general director with overseeing the necessary regulatory process in both Việt Nam and Laos.

The board's resolution comes amid a robust performance in the stock market, where SHB's shares have skyrocketed by 135 per cent since the beginning of the year, closing at VNĐ18,500 per share as of August 21. 

Reflecting strong investor confidence, this growth positions Sahabank among the top five largest private commercial banks in Việt Nam.

In addition to the capital increase in Laos, SHB’s annual general meeting also approved the transfer of its stake in SHB Laos. 

Necessary documentation has been submitted to the Bank of the Lao PDR, and preliminary approval has been granted. 

The transfer process is ongoing, adhering to relevant legal frameworks in both countries.

The lender has also finalised the registration date for its 2024 dividend payment, which will be made in shares at a rate of 13 per cent. It will issue approximately 528.5 million additional shares to fulfil this dividend obligation. 

Following this issuance, the bank’s charter capital will exceed VNĐ45.9 trillion.

In the first half of 2025, SHB reported impressive financial results, with net interest income reaching VNĐ14.67 trillion, up 53 per cent year-on-year. 

The bank's profit before tax climbed to VNĐ8.9 trillion, up 29.6 per cent, while net profit after tax was increased 29.3 per cent to VNĐ7.1 trillion. 

These achievements represent 61 per cent of SHB's full-year profit target for 2025. — BIZHUB/VNS