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NEWS UPDATES Asean Affairs  March 9, 2018  




SHB increases charter capital to over $528.6 million


The Saigon-Hanoi Bank (SHB) successfully increased charter capital to over VND12 trillion (US$528.6 million).

According to the State Securities Commission, it received SHB’s announcement about the bank’s successful issue of more than 83.92 million shares to pay dividends, raising the charter capital from VND11.2 trillion to over VND 12.03 trillion.

This increase was allowed as part of a plan approved at last year’s SHB shareholder meeting.

According to SHB, the capital hike will help the bank increase its capital utilisation, expand lending and develop its network to better meet the needs of customers.

SHB CEO Nguyen Van Le said that the issue of shares to increase the charter capital of SHB is necessary and important to help the bank modernise its facilities, improve governance and develop new products and services, thereby raising its competitiveness.

By the end of last year, SHB’s total assets reached VND277.99 trillion, placing it among the top 5 private commercial banks in Vi?t Nam. The bank last year posted a pre-tax profit of VND1.93 trillion, up 66 per cent against the previous year and 11 per cent higher than the yearly plan.



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This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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