Thursday, October 29 2020


SHB files for listing on HoSE

Update: September, 22/2020 - 06:48


A Sài Gòn-Hà Nội Commercial Joint Stock Bank (SHB) office. — Photo

HCM CITY — Sài Gòn-Hà Nội Commercial Joint Stock Bank (SHB) has filed to list more than 1.75 billion shares on the Hồ Chí Minh Stock Exchange.

If approved, the bank will succeed in moving its shares to the southern bourse from the Hà Nội Stock Exchange.

SHB shares (HNX: SHB) jumped 3.4 per cent to end Monday at VNĐ15,000 (US$0.65) apiece.

In the first six months of the year, SHB recorded a 34.3 per cent annual gain in net revenue, which reached VNĐ4.12 trillion ($177.2 million).

Net revenue from banking services dropped 35 per cent on-year to VNĐ206 billion while operating expense was up 16.7 per cent on-year to VNĐ1.92 trillion.

In the first six-month period, the bank earned VNĐ1.66 trillion and VNĐ1.33 trillion worth of pre-tax and post-tax profit, which were nearly unchanged from last year’s figures.

After six months, SHB fulfilled 50.8 per cent of its pre-tax profit target, worth VNĐ3.27 trillion, set for 2020.

On June 30, total assets of the bank increased by 7.1 per cent from last year to more than VNĐ391.3 trillion.

Total lending was up 8 per cent from 2019’s total to VNĐ287.4 trillion. A majority of the figure was used to fund businesses and households to cope with COVID-19 pandemic’s impact. — VNS

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