Monday, June 24,2024 - 19:19 GMT+7  Việt Nam EngLish 

SHB reached VND6,073 billion accumulated pre-tax profit in the first 6 months of 2023 

 Monday, August 21,2023

AsemconnectVietnam - Saigon - Hanoi Commercial Joint Stock Bank (SHB) has just announced its financial statements for the second quarter of 2023 with the accumulated pre-tax profit in the first 6 months of the year reaching VND6,073 billion, up 5.13% over the same period last year.

Specifically, by the end of the second quarter of 2023, SHB's scale indicators achieved good growth. Total assets of SHB reached VND585 trillion, increased by 6.21% compared to the beginning of the year, equity capital reached VND66 trillion. Deposits from market I of SHB achieved good growth with an increase of 13.7% compared to the beginning of the year, reaching VND462 trillion, credit balance reached VND418 trillion.
On July 25, SHB closed the list to pay dividends in 2022 at the rate of 18%, thereby increasing charter capital to VND36,194 billion, ranking in the TOP 5 of private joint stock commercial banks in terms of charter capital. SHB's pre-tax profit in the first 6 months of 2023 reached VND 6,073 billion, up 5.13% over the same period in 2022.
The safety, liquidity, and risk management indicators of SHB were all better than those of the State Bank of Vietnam and international standards. Since the beginning of 2023, SHB has started to apply Basel III standards in liquidity risk management, with a compliance assessment by an international consulting firm to ensure compliance with good practices and requirements of the Basel Committee under Basel III. Results will be announced in the third quarter of 2023.
In May, SHB completed the transfer of 50% of SHBFinance's charter capital to its partner Krungsri, thereby gaining significant resources to improve capital buffers, strengthen financial capacity and fundamental factors, contributing to business growth.
SHB has been and continues to implement many digital transformation projects, modernizing information technology, contributing to creating motivation to optimize operation processes and enhance customer experience, increase efficiency in development services and modern retail banking strategies.
In parallel with ensuring safe and sustainable business activities, in the first 6 months of 2023, responding to the policies of the Government and the State Bank of Vietnam, SHB continued to implement many interest rate reduction programs and packages preferential interest rate credit for customers to support business recovery. At the end of July, in response to the credit program for forestry and fishery products of the State Bank of Vietnam, SHB was one of 12 commercial banks that registered to participate in a credit package of VND15,000 billion for the field of forest products and seafood.
Source: VITIC/Tinnhanhchungkhoan


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