The stronger contribution from services helped diversify SHB''s revenue base, reducing its reliance on lending income and improving the resilience of its business model amid changing market conditions.
The capital funding, approved at its 2025 annual shareholders'' meeting late last week, will be supported by Saigon-Hanoi Commercial Joint Stock Bank (SHB).
In the second quarter alone, SHB recorded a pre-tax profit of VNĐ2.84 trillion, up 15 per cent over the same period last year. This was the highest profit in the second quarter ever for this bank.
