SHB outlines 2026 plan: profit above 19 trillion dong and assets over 1 quadrillion dong; dividend proposal at 16%

Saigon-Hanoi Bank (SHB) has released the documents for its 2026 annual general meeting of shareholders, outlining key proposals for shareholder consideration. The meeting is expected to be held in the afternoon of April 22 in Hanoi.

2026 business plans under two credit-growth scenarios

SHB built its 2026 projections around the credit growth limit set by the State Bank of Vietnam.

• Baseline scenario: With credit growth capped at 10.2%, SHB expects customer loan outstanding of 681,703 billion dong. The bank targets pre-tax profit of 17,655 billion dong, up 18% from 2025. Total assets are projected at 974,773 billion dong, up 9%.
• Positive scenario: If the credit growth limit reaches 16%, loans could rise to 716,148 billion dong. Pre-tax profit would increase to 19,165 billion dong, up 28% year-on-year. Total assets would grow by 15%, exceeding 1 quadrillion dong.

Asset quality, dividend policy, and shareholder returns

SHB said it will focus on strict asset-quality management, keeping the bad debt ratio below 2% as required. The bank also projects a 2026 dividend payout of 18%, aiming to balance growth needs with shareholder returns.

Dividend proposal for 2025

At the meeting, SHB is expected to present a plan to pay a total dividend of 16% for 2025, comprising 10% in shares and 6% in cash. The cash portion is expected to be funded from undistributed profits after reserves, based on audited 2025 financial statements, amounting to about 8,550 billion dong.

Planned charter capital increase and share issuance

For 2026, SHB plans to further increase its charter capital by issuing nearly 534.5 million shares to existing shareholders, equivalent to a 10% increase. This would raise charter capital by 5,343 billion dong.

The share issuance is planned to take place within 45 days after the State Securities Commission confirms that the full documentation is complete, with the board authorized to determine the exact timing.

Capital position and expected post-issuance levels

As of December 31, 2025, SHB’s charter capital was 45,942 billion dong. After completing previously approved capital-raising steps, including private placements and an ESOP, charter capital was expected to rise to 53,442 billion dong. After the stock dividend is completed, charter capital would reach 58,786 billion dong.

Use of additional capital

SHB said the additional capital will be allocated under principles of safety and efficiency, including:

• About 1,700 billion dong for fixed assets
• 3,263.7 billion dong for loans to production and business and related projects
• 380 billion dong for consumer lending

Disbursement is expected in the second half of 2026, depending on the progress of required procedures.

Strategic rationale and regulatory alignment

SHB stated that the capital increase is intended to strengthen its financial capacity, enhance competitiveness, and meet safety standards including Basel III and Circular 14/2025/TT-NHNN. The bank also said the funding will support accelerated technology investment, development of digital banking, and implementation of strategic projects.

Subsidiary plan and board authorization items

A notable proposal is SHB’s plan to establish a wholly owned domestic bank subsidiary at the International Financial Center (VIFC). Management said the subsidiary is intended to support a long-term strategy, expand into international financial markets, and gradually refine the operating model to modern standards.

At the meeting, SHB’s board is expected to be authorized to decide on matters including the name, charter capital, and organizational structure and personnel, as well as to finalize the capital plan, legal documentation, and procedures required to bring the bank into operation in accordance with regulations.