Saigon - Hanoi Bank (SHB) announced on 9/10 that its two deputy general directors will each acquire 2 million shares. The transactions are scheduled to occur between 15/10 and 12/11, executed via order matching or negotiated agreements.

Prior to these transactions, Dinh Ngoc Dung held approximately 1,6 million SHB shares, and Nguyen Huu Tai owned 443.000 shares.

This move by the two SHB leaders follows a continuous decline in the bank's stock price. The shares have experienced 11 consecutive sessions of either falling or trading sideways. As of today's closing, SHB stock reached 10.000 dong per share, its lowest point since 4/2025, representing a drop of about 43% compared to one year ago.

Beyond personal asset portfolio restructuring, this insider share accumulation aims to reassure shareholders and investors amidst the ongoing price decline. It also contributes to increasing the stock's liquidity on the exchange.

Established in 1993, SHB listed its shares on the Ho Chi Minh City Stock Exchange (HoSE) in 2021. Do Quang Hien serves as the bank's Chairman.

For the first half of the year, SHB reported a pre-tax profit exceeding 9.000 billion dong, marking a 1,6% increase year-on-year and achieving 51% of its annual target. However, its Q2 profit stood at 4.436 billion dong, a decline of more than 3% compared to the same period.

By the end of June, SHB's total assets surpassed 962.600 billion dong, growing by nearly 8% since the start of the year. Customer loans expanded by 7,3% to 659.611 billion dong, while customer deposits increased by over 9% to more than 624.300 billion dong.

Trong Hieu