SHB Shareholders Approve 16% Dividend, Target Assets Over 1 Quadrillion VND

Overview

SHB (Saigon-Hanoi Commercial Joint Stock Bank) held its 2026 Annual General Meeting on April 22, where shareholders approved a 16% cash dividend for 2025 and adopted a two-scenario business plan for 2026. Under the positive scenario, the bank targets pre-tax profit of VND 19,165 billion (up 28% YoY) and total assets exceeding VND 1 quadrillion, driven by a potential 16% credit growth limit.

Key Facts

• Shareholders approved a 16% cash dividend for 2025.
• 2026 pre-tax profit target: VND 17,655 billion (base scenario, +18% YoY) or VND 19,165 billion (positive scenario, +28% YoY).
• Total assets target: VND 974,773 billion (base, +9%) or over VND 1,000,000 billion (positive, +15%).
• Credit growth assumptions: 10.2% (base) or 16% (positive), with loan balances of VND 681,703 billion and VND 716,148 billion respectively.
• NPL ratio target: below 2%.
• The meeting had 2,818 shareholders attending, representing 57.05% of voting shares.
• SHB aims to become a top bank in efficiency, digital banking, and retail by 2030, and a leading modern digital green bank in the region by 2035.

What Happened

On April 22, 2026, SHB held its annual shareholder meeting in Ho Chi Minh City, with nearly 3,000 shareholders attending in person. The board presented a two-scenario business plan for 2026, contingent on the State Bank of Vietnam’s credit growth allocation. In the base scenario (10.2% credit growth), pre-tax profit is targeted at VND 17,655 billion, up 18% from 2025. In the positive scenario (16% credit growth), profit would reach VND 19,165 billion, a 28% increase, and total assets would surpass VND 1 quadrillion.

Vice Chairman Do Quang Vinh stated that 2026 marks a new era for SHB, focusing on accelerated transformation. CEO Ngo Thu Ha emphasized a customer-centric strategy and comprehensive digital transformation based on four pillars: customer and market focus, policy reform, human capital, and IT modernization. The bank also reiterated its vision to become a leading digital and green bank in the region by 2035.

Market Context

SHB shares closed at VND 15,000 on April 15, 2026, down 0.33% with volume of 27.7 million shares. The stock has been under pressure amid a broader banking sector correction, but the AGM’s approval of a 16% dividend and ambitious profit targets may provide support. SHB is listed on HOSE and is one of Vietnam’s larger joint-stock commercial banks by assets.

Strategic Significance

The 2026 targets reflect SHB’s ambition to scale up and improve profitability, with a clear focus on digital transformation and asset quality. The two-scenario approach provides flexibility in a regulatory environment where credit growth is capped. The dividend payout of 16% signals confidence in earnings and capital adequacy. The long-term vision to become a top digital and green bank aligns with Vietnam’s financial sector modernization trends, potentially attracting foreign investor interest.

What to Watch

• Actual credit growth allocation from the State Bank of Vietnam for 2026, which will determine which scenario SHB operates under.
• Q1 2026 earnings release to gauge early progress toward profit targets.
• NPL ratio trends, especially given the target of below 2%.
• Any updates on digital transformation milestones or partnerships.
• Dividend payment timeline and any plans for future capital increases.