April 25, 2024 19:39
(PLO) – According to SHB Chairman Do Quang Hien, SHB has a diamond land that it bought 10 years ago at the intersection of Ly Thuong Kiet and Hang Bai.
Today, April 25, Saigon – Hanoi Commercial Joint Stock Bank (SHB) holds the 2024 Annual General Meeting of Shareholders. The meeting will vote to approve many contents, including the 2024 business plan, Dividend distribution plan and charter capital increase plan.
Chairman of SHB – Mr. Do Quang Hien – Photo: Ngoc Diep
This year, SHB sets a pre-tax profit target of VND 11,286 billion, an increase of 22.2% compared to the performance level in 2023. Total assets are expected to increase by 11.2%, to VND 701,000 billion; Of which total outstanding credit increased by 14%, reaching VND 518,555 billion. At the same time, the bad debt ratio is expected to be controlled below 3%.
Ms. Ngo Thu Ha, General Director of SHB, announced to shareholders the profit distribution plan for 2023. Specifically, based on 2023 business results and the remaining profit after setting up funds is more than 5,900 VND. billions dong. SHB’s Board of Directors implemented a dividend plan with a total rate of 16% of charter capital (equivalent to VND 5,859 billion), including 5% in cash and the remaining 11% in shares.
It is expected that after completing stock dividends, SHB’s charter capital will increase to nearly 40,658 billion VND.
Responding to shareholders’ questions, SHB Chairman Do Quang Hien said that SHB’s bad debt is currently at about 2.7%, which no one wants and is caused by many changes in the world and regional situation. unpredictable movements.
SHB Chairman Do Quang Hien emphasized: “Regarding bad debt handling, the board of directors and executive board are highly focused on handling bad debt from now until the end of September. We have established teams from headquarters to branches.” Transaction office branch, directly clarify with appropriate solutions, support and accompany customers to overcome difficulties, recover necessary bad debts, and reduce SHB’s bad debts. The number is like that, but the leadership is determined to be below 2.5%.
Chairman of SHB said he did not want to give numbers that were difficult to come true but wanted to talk about what could be done within his capabilities.
Also according to SHB Chairman Do Quang Hien, SHB has a diamond land that it bought 10 years ago at the intersection of Ly Thuong Kiet and Hang Bai (Hoan Kiem district, Hanoi). SHB Bank has completed procedures according to State regulations. Basically, the next progress steps are approved by the city agency according to regulations. According to feasibility forecasts, SHB Bank will complete construction this year. In about 3 years, SHB will complete the construction of its headquarters, SHB chairman said.
