SHB 2026 AGM: Record 30% Profit Growth, 16% Dividend Payout Approved

Overview

SHB (Sai Gon – Ha Noi Commercial Joint Stock Bank) held its 2026 Annual General Meeting on April 22, 2026, drawing a record nearly 3,000 shareholders. The bank reported a 30% YoY increase in 2025 pre-tax profit to VND 15,021 billion, exceeding its target by 4%, and approved a 16% dividend payout for 2025. The AGM also presented two business scenarios for 2026, reflecting flexibility in credit growth.

Key Facts

• Pre-tax profit for 2025 reached VND 15,021 billion, up 30% YoY and 4% above plan.
• Total assets stood at VND 892,009 billion, up 19% from end-2024, achieving 107% of the target.
• Charter capital was VND 45,942 billion, expected to increase to VND 53,442 billion in May 2026.
• Credit outstanding reached VND 619,538 billion, up 16% YoY.
• Cost-to-income ratio (CIR) was 22.1%, among the lowest in the banking sector.
• Dividend for 2025 approved at 16%, comprising 6% cash and 10% stock.
• Nearly 3,000 shareholders attended the AGM, a record for the bank.

What Happened

SHB held its 2026 Annual General Meeting on April 22, 2026, with a record attendance of nearly 3,000 shareholders. The bank reported strong 2025 financial results, including a 30% YoY rise in pre-tax profit to VND 15,021 billion, exceeding its target by 4%. Total assets grew 19% to VND 892,009 billion, and credit outstanding increased 16% to VND 619,538 billion. The bank’s CIR remained low at 22.1%, attributed to digitalization and cost management.

Shareholders approved a 16% dividend for 2025, split into 6% cash and 10% stock. The bank also outlined two business scenarios for 2026, contingent on credit growth limits set by the State Bank of Vietnam. SHB expects to complete a capital increase to VND 53,442 billion in May 2026, supporting future growth.

Market Context

SHB is listed on HOSE and is a constituent of the VN30 index. The stock closed at VND 15 on April 15, 2026, down 0.33% with volume of 27.7 million shares. The bank’s strong 2025 performance and record AGM attendance reflect growing investor confidence. SHB’s low CIR and high liquidity (often exceeding 100 million shares per session in 2025) position it favorably among top private banks.

Strategic Significance

SHB’s 2025 results underscore its operational efficiency and cost discipline, with a CIR of 22.1% among the industry’s best. The planned capital increase to VND 53,442 billion will strengthen its balance sheet for 2026 growth. The two-scenario approach for 2026 demonstrates prudent management amid uncertain credit growth conditions. The high dividend payout (16%) signals commitment to shareholder returns, while the record AGM turnout indicates strong retail investor trust.

What to Watch

• Completion of capital increase to VND 53,442 billion in May 2026.
• Q1 2026 earnings release to gauge early progress against 2026 targets.
• SHB’s actual credit growth allocation under the SBV’s approved limits.
• Any updates on the bank’s digital transformation and cost efficiency initiatives.
• Dividend payment timeline for the 2025 cash and stock components.