SHB AGM 2026 unveils new brand identity

SHB AGM 2026 unveils new brand identity On the afternoon of April 22, Saigon-Hanoi Bank (SHB) held its 2026 Annual General Meeting to present the agenda: business plan, profit distribution, dividend payout, capital increase, and the establishment of a subsidiary bank at the Vietnam International Financial Center (VIFC). Chairman Do Quang Hien stated at the outset that the near 3,000 registered shareholders attending today’s meeting underscored SHB’s strong appeal and stakeholder engagement. He emphasized that this momentum signifies readiness to enter a new era of national development and marks SHB’s breakthrough. He expressed belief that with the shareholders’ trust and the concerted efforts of the board, management, and all staff, SHB will stride into 2026 with a solid footing, aiming through its strategic cycle to 2030 and beyond to 2035 and 2045 to be a leading, forward-looking bank. Discussion: • Q1 profit reached VND 4,066 billion. • Real estate lending growth and growth-cap considerations were discussed. Vice Chairman Do Quang Vinh noted that from the start of the year the central bank has allocated SHB a credit growth limit of 10.5%. SHB is strictly following the disbursement schedule. • SHB’s real estate lending strategy emphasizes disciplined risk controls and adherence to NHNN safety ratios and international standards. Financing for real estate aligns with government policies to ease outstanding projects and optimize resource usage. A growing real estate sector is expected to support about 41 downstream industries (materials, logistics, consumption, etc.), creating jobs and government revenue. • SHB’s loan portfolio focuses on national infrastructure, projects with high liquidity, social housing, and industrial real estate. All SHB-financed projects are expected to be feasible with proper legal documentation, creating a large ecosystem of suppliers, SMEs, and individual clients. The Chairman affirmed that asset quality remains at a high safety level. • Huawei partnership: Vice Chairman Do Quang Vinh explained that SHB signed a comprehensive strategic partnership with Huawei to advise future technology architecture (infrastructure and solutions) based on successful digital transformation experiences in international banks. SHB will selectively implement solutions that truly fit the bank’s characteristics and will consult with the State Bank and the Ministry of Public Security to ensure information security and national security. • In addition to Huawei, SHB maintains deep collaboration with leading domestic tech groups (FPT, CMC, Viettel) to ensure autonomy and platform diversification. Q1 2026 results: • As of 31 March 2026, SHB’s basic financial indicators remained positive and compliant with safety standards: total assets reached VND 930,900 billion (up 4.4% vs end-2025). Mobilization reached VND 667,200 billion (up 1.5%). Outstanding loans stood at VND 632,800 billion (up 2.13%). • Pre-tax profit reached VND 4,066 billion (up 7% YoY). • Capital adequacy ratio (CAR) remained high at 12.6%. Loan-to-deposit ratio (LDR) 77%. Liquidity reserve 17%. Progress on capital increase and scale: • Chairman Do Quang Hien stated that increasing charter capital to reach a USD 5 billion scale, then USD 10 billion (vision through 2030–2045) is the board’s objective to solidify SHB’s leadership. The capital increase plan must be carefully calculated to ensure capital profitability, balanced shareholder benefits, and compliance with international financial standards. It is expected that in 2026 the bank will raise more than VND 5,000 billion in charter capital. Headquarters and training: • The main office complex has received Hanoi city planning approval for 31-33 Ly Thuong Kiet Street. The project is intended to be a landmark architecture for the capital, with five underground levels and 14 floors above ground. Final design ideas will be consolidated from nine top consulting firms to complete legalities in 2026 and to start construction in early 2027. • Digital transformation and AI adoption are a priority to modernize processes and services. The bank maintains strict governance, compliance, and professional ethics, with disciplinary action for anyone violating rules or causing internal discord. Capital transfer plans to two subsidiary banks in Laos and Cambodia were discussed; the feasibility of completing these within the year to focus on the SHB parent was considered. Laos has been approved by the State Bank; SHB is negotiating terms with overseas partners. Cambodia’s process is slower due to external macro factors but SHB continues seeking investors to optimize the transfer. Market upgrade and foreign investment: • About a potential upgrade of Vietnam’s stock market by FTSE in September, SHB plans to identify and select a strategic foreign investor within the year. The upgrade is viewed as a major opportunity for SHB and other firms. While foreign investors’ participation could lift the stock price, SHB seeks a loyal partner involved in governance and the supply chain for mid-term growth. • Commenting on the net interest income decline in Q4 2025, the CEO noted that SHB actively plans business scenarios and does not rely on sudden market moves due to solid medium- and long-term funding. Outlook for deposits, lending, and NIM: • By end-2025, deposits rose 18%, credit rose 16%, liquidity coverage 17%, LDR 77% (versus limit 85%), ensuring absolute safe operation. • The slight dip in net interest income was due to government/central bank-backed programs to reduce lending rates for businesses and preferential rate packages to capture personal and ecosystem customers. Despite narrower net interest margins, absolute net interest income continued to grow. • The current cost of funds remains well controlled; the average lending rate is around 6%. Brand identity launch: • Vice Chairman Do Quang Vinh announced SHB’s formal launch of a new brand identity at the AGM. The branding kit preserves 33 years of heritage while injecting a younger, more modern, and professional vibe. It signifies SHB’s renewed scale and aspirations, carrying the bank’s mission, vision, identity, and ambition to excel in the new era. • The branding draws inspiration from the country’s silhouette and the philosophy of “heaven is round, earth is square,” reflecting a strong connection with national identity and a commitment to support the country’s development. The design language emphasizes flexibility, modernity, technology, and a mindset of digital transformation and integration with ecosystems. • The brand rollout is seen as a strategic milestone, signaling transformation, continuity, and renewal: preserving tradition while embracing modern thinking to propel SHB into the new era with the country. • Through the new identity, SHB reaffirms its position as a Future Bank in the country’s new era, aiming to be a top-tier regional and global financial institution and a leader in technology adoption, innovation, and sustainable growth. • SHB’s five FIRST technology pillars—Data + AI First, People First, Cloud First, Security First, and Mobile First—are emphasized as core to the bank’s transformation. Scenarios and dividend policy: • SHB presented two business plan scenarios for 2026. Scenario 1 envisions credit growth of up to 10.2% with a pre-tax profit target of VND 17,665 billion (up 18% YoY) and total assets up 9% to VND 974,773 billion. Scenario 2 envisions credit growth up to 16% with pre-tax profit of VND 19,165 billion (up 28% YoY) and total assets up to more than VND 1,000,000 billion. In both scenarios, NPL ratio is kept below 2%, and charter capital is planned to rise by 28% to VND 58,786 billion. The 2026 dividend payout is planned at 18%. • Dividend for 2025: 16% total — 6% in cash and 10% in shares. After the dividend, charter capital rose to VND 53,442 billion with more than 5.3 billion shares. A 543.3 million share issuance is planned to pay the 2025 dividend at 10% to existing shareholders. Funds come from undistributed profits after reserve allocations per audited financial statements. Disbursement is planned for 2026, aiming to raise charter capital to VND 58,786 billion. • Establishment of a wholly owned subsidiary bank within the VIFC: The proposal seeks to set up a domestic 100%-owned limited liability bank under SHB at the Vietnam International Financial Center to support long‑term international expansion, broaden access to domestic and international funding, diversify products and services, apply favorable tax and regulatory environments, and enhance SHB’s competitiveness while serving customers domestically and internationally. End of meeting: • At the conclusion of the AGM, all proposals were approved. (Additional attributions and related articles are listed in the original Vietstock post.)