On April 11, 2023, SHB held AGM 2023 with main contents as follows:
– Business plan 2023 with 2 scenarios: scenario 1: credit growth of 10%, PBT increase of 6.15%. Scenario 2: credit growth of 14%, PBT increase of 9.67%.
– Capital raising plan: increase charter capital by 19.47% to VND 36,645 billion through the plan to issue shares to pay dividends (18%) and issue ESOP (price 10,000/share).
– Preliminary business results in the first quarter of 2023: credit growth of 6% (credit room granted by the State Bank of Vietnam at 7.9%), PBT of VND 3,600 billion, up 10% yoy.
– Update the payment progress of the sale of SHB Finance: SHB Board of Directors said that it is expected that in April 2023, the procedures will be completed, in May, the money will be delivered and the partner will make the prepayment of 50% deal value; After 3 years, 50% of the remaining value of the deal would be paid and the partner will take the management and administration of SHB Finance. Previously in August 2021, SHB closed the sale of SHB Finance to Ayudhya Public Bank Limited (Krungsri). SHB will transfer 50% of the charter capital of SHB Finance to Krungsri and will continue to transfer the remaining 50% after 3 years. Sharing with Nikkei Asia, a representative of Krungsri said that the bank will spend $156 million on the deal, equivalent to more than VND3,500 billion (capital of SHB Finance VND 1,000 billion, total assets VND 3,750 billion). That means the bank will receive around 1,800VND billion in Q2/2023.