SHB files for listing on HoSE
Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB) has filed to list more than 1.75 billion shares on the Ho Chi Minh Stock Exchange.
If approved, the bank will succeed in moving its shares to the southern bourse from the Ha Noi Stock Exchange.
SHB shares (HNX: SHB) jumped 3.4 per cent to end Monday at VND15,000 (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 VND4.12 trillion ($177.2 million).
Net revenue from banking services dropped 35 per cent on-year to VND206 billion while operating expense was up 16.7 per cent on-year to VND1.92 trillion.
In the first six-month period, the bank earned VND1.66 trillion and VND1.33 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 VND3.27 trillion, set for 2020.
On June 30, total assets of the bank increased by 7.1 per cent from last year to more than VND391.3 trillion.
Total lending was up 8 per cent from 2019’s total to VND287.4 trillion. A majority of the figure was used to fund businesses and households to cope with COVID-19 pandemic’s impact.