SHB Bank

SHB Bank's net profit rose 12.4% yoy to VND 651 bil in 4Q2019

By Helgi Analytics - March 1, 2020

SHB Bank made a net profit of VND 651 bil in the fourth quarter of 2019, up 12.4% when compared to the same period of last year. ...

SHB Bank's price/earnings (P/E) fell 19.7% yoy to 3.00 in 4Q2019

By Helgi Analytics - March 1, 2020

SHB Bank stock traded at VND 5,376 per share at the end fourth quarter of 2019 implying a market capitalization of USD 337 mil. Since t...

SHB Bank's npls (as % of loans) fell 23.6% yoy to 1.83% in 4Q2019

By Helgi Analytics - March 4, 2020

SHB Bank's non-performing loans reached 1.83% of total loans at the end of 2019-12-31, down from 2.40% compared to the previous y...

Profit Statement 2017 2018 2019
Net Interest Income VND bil 4,799 5,558 7,892
Net Fee Income VND bil 1,457 714 694
Other Income VND bil 479 700 1,145
Total Revenues VND bil 6,736 6,972 9,731
Staff Cost VND bil 1,566 1,836 2,307
Operating Profit VND bil 3,883 3,628 5,636
Provisions VND bil 1,889 1,425 2,369
Net Profit VND bil 1,539 1,672 2,458
Balance Sheet 2017 2018 2019
Interbank Loans VND bil 33,514 29,300 33,711
Customer Loans VND bil 195,442 213,987 262,075
Debt Securities VND bil 21,425 48,223 21,755
Total Assets VND bil 286,010 323,276 365,643
Shareholders' Equity VND bil 14,691 16,333 18,710
Interbank Borrowing VND bil 67,361 64,496 51,760
Customer Deposits VND bil 194,890 225,224 259,351
Issued Debt Securities VND bil 4,429 10,844 26,733
Ratios 2017 2018 2019
ROE % 11.0 10.8 14.0
ROA % 0.584 0.549 0.714
Costs (As % Of Assets) % 1.08 1.10 1.19
Costs (As % Of Income) % 42.3 48.0 42.1
Capital Adequacy Ratio % 11.3 ... ...
Net Interest Margin % 1.82 1.82 2.29
Loans (As % Of Deposits) % 100 95.0 101
NPLs (As % Of Loans) % 2.33 2.40 1.83
Provisions (As % Of NPLs) % 61.6 57.7 64.4
Valuation 2017 2018 2019
Market Capitalisation (End Of Period) USD mil 458 373 337
Share Price (End Of Period) VND 7,156 5,955 5,376
Price/Earnings (P/E) 7.27 5.18 3.18
Price/Book Value (P/BV) 0.762 0.530 0.418
Dividend Yield % 0 0 ...
Earnings Per Share (EPS) VND 984 1,150 1,690
Book Value Per Share VND 9,395 11,228 12,863
Dividend Per Share VND 0 0 ...

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summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                              
Net Interest Income VND bil                 2,110 2,734 3,705 4,178 4,799    
Total Revenues VND bil                 2,454 3,344 4,030 5,426 6,736    
Operating Profit VND bil                 593 1,720 1,952 2,530 3,883    
Net Profit VND bil                 850 791 795 913 1,539    
balance sheet                              
Interbank Loans VND bil ... ...             30,263 29,491 29,794 30,136 33,514    
Customer Loans VND bil                 75,322 103,048 130,006 160,579 195,442    
Debt Securities VND bil                 18,684 13,503 17,371 19,127 21,425    
Total Assets VND bil                 143,626 169,036 204,704 240,753 286,010    
Shareholders' Equity VND bil                 10,359 10,483 11,258 13,232 14,691    
Interbank Borrowing VND bil                 20,685 28,143 28,146 53,583 67,361    
Customer Deposits VND bil                 90,761 123,228 148,829 166,576 194,890    
Issued Debt Securities VND bil ... ...             19,505 4,887 12,899 3,680 4,429    
ratios                              
ROE % ...               8.55 7.59 7.31 7.46 11.0    
ROA % ...               0.653 0.506 0.425 0.410 0.584    
Costs (As % Of Assets) % ...               1.43 1.04 1.11 1.30 1.08    
Costs (As % Of Income) %                 75.8 48.6 51.6 53.4 42.3    
Capital Adequacy Ratio % ... ... ... ... ... ...     12.4 11.3 11.4 13.0 11.3 ... ...
Net Interest Margin % ...               1.62 1.75 1.98 1.88 1.82    
Interest Income (As % Of Revenues) %                 86.0 81.8 91.9 77.0 71.3    
Fee Income (As % Of Revenues) % ... ... ... ... ... ...     5.42 10.6 2.42 6.23 21.6    
Staff Cost (As % Of Total Cost) %                 40.7 54.3 58.6 48.1 54.9    
Equity (As % Of Assets) %                 7.21 6.20 5.50 5.50 5.14    
Loans (As % Of Deposits) %                 83.0 83.6 87.4 96.4 100    
Loans (As % Assets) %                 52.4 61.0 63.5 66.7 68.3    
NPLs (As % Of Loans) % ... ... ...           4.06 2.02 1.72 1.87 2.33    
Provisions (As % Of NPLs) % ... ... ...           38.3 49.7 62.8 59.0 61.6    
valuation                              
Market Capitalisation (End Of Period) USD mil ... ... ... ...         290 336 274 226 458    
Number Of Shares (Average) mil ... ... ... ... ... ...     1,325 1,325 1,275 1,325 1,564    
Share Price (End Of Period) VND ... ... ... ...         4,616 5,418 4,652 3,539 7,156    
Earnings Per Share (EPS) VND ... ... ... ... ... ...     641 597 624 689 984    
Book Value Per Share VND ... ... ... ... ... ...     7,820 7,915 8,833 9,986 9,395    
Dividend Per Share VND ... ... ...           502 0 0 0 0   ...
Price/Earnings (P/E) ... ... ... ... ... ...     7.20 9.08 7.46 5.13 7.27    
Price/Book Value (P/BV) ... ... ... ... ... ...     0.590 0.685 0.527 0.354 0.762    
Dividend Yield % ... ... ... ...         10.9 0 0 0 0   ...
Earnings Per Share Growth % ... ... ... ... ... ... ...   -55.3 -6.99 4.56 10.5 42.7    
Book Value Per Share Growth % ... ... ... ... ... ... ...   -3.24 1.21 11.6 13.1 -5.92    
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                              
Interest Income VND bil                 9,181 10,321 12,000 14,571 18,223    
Interest Cost VND bil                 7,071 7,587 8,296 10,393 13,424    
Net Interest Income VND bil                 2,110 2,734 3,705 4,178 4,799    
Net Fee Income VND bil ... ... ... ... ... ...     133 354 97.4 338 1,457    
Other Income VND bil ... ... ... ... ... ...     211 257 228 910 479    
Total Revenues VND bil                 2,454 3,344 4,030 5,426 6,736    
Staff Cost VND bil                 758 883 1,217 1,394 1,566    
Depreciation VND bil ... ... ... ... ... ... ... ... ... ... ... 89.7 83.4    
Other Cost VND bil ... ... ... ... ... ... ... ... ... ... ... 1,413 1,203    
Operating Cost VND bil                 1,861 1,624 2,079 2,896 2,852    
Operating Profit VND bil                 593 1,720 1,952 2,530 3,883    
Provisions VND bil                 -493 621 842 1,302 1,889    
Extra and Other Cost VND bil                 86.3 86.7 92.6 71.7 69.3    
Pre-Tax Profit VND bil                 1,000 1,012 1,017 1,156 1,925    
Tax VND bil                 150 222 222 243 386    
Minorities VND bil                 0.028 0.136 0.026 -0.187 0    
Net Profit VND bil                 850 791 795 913 1,539    
Dividends VND bil ... ... ...           665 0 0 0 0   ...
growth rates                              
Net Interest Income Growth % ...               11.9 29.5 35.5 12.8 14.9    
Net Fee Income Growth % ... ... ... ... ... ... ...   -12.5 166 -72.4 247 331    
Total Revenue Growth % ...               -17.7 36.3 20.5 34.6 24.1    
Operating Cost Growth % ...               10.8 -12.7 28.0 39.3 -1.51    
Operating Profit Growth % ...               -54.4 190 13.5 29.6 53.5    
Pre-Tax Profit Growth % ...               -45.2 1.23 0.465 13.7 66.5    
Net Profit Growth % ...               -49.6 -6.96 0.572 14.9 68.5    
market share                              
Market Share in Revenues % ... ... ...           1.39 1.81 1.94 2.27 ... ... ...
Market Share in Net Profit % ... ... ...           2.83 4.62 2.55 2.22 ... ... ...
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                              
Cash VND bil                 2,522 4,147 6,280 4,010 5,189    
Interbank Loans VND bil ... ...             30,263 29,491 29,794 30,136 33,514    
Customer Loans VND bil                 75,322 103,048 130,006 160,579 195,442    
Retail Loans VND bil ... ... ...       ... ... ... ... ... 30,332 38,821    
Corporate Loans VND bil ... ... ...           46,342 67,541 80,621 130,260 157,131    
Debt Securities VND bil                 18,684 13,503 17,371 19,127 21,425    
Fixed Assets VND bil                 406 384 361 3,897 3,906    
Intangible Assets VND bil ... ...             3,746 3,722 3,695 64.8 45.9    
Goodwill VND bil ... ... ... ... ... ... ... ... 0 0 3,695 0 0   ...
Total Assets VND bil                 143,626 169,036 204,704 240,753 286,010    
Shareholders' Equity VND bil                 10,359 10,483 11,258 13,232 14,691    
Of Which Minority Interest VND bil                 2.78 2.91 2.72 2.31 0    
Liabilities VND bil                 133,267 158,553 193,446 227,521 271,319    
Interbank Borrowing VND bil                 20,685 28,143 28,146 53,583 67,361    
Customer Deposits VND bil                 90,761 123,228 148,829 166,576 194,890    
Sight Deposits VND bil                 8,555 12,380 20,302 19,061 17,753    
Term Deposits VND bil                 81,891 109,780 127,844 146,323 176,153    
Issued Debt Securities VND bil ... ...             19,505 4,887 12,899 3,680 4,429    
Other Liabilities VND bil ... ...             2,316 2,295 3,573 3,682 4,639    
asset quality                              
Non-Performing Loans VND bil ... ...             3,104 2,108 2,263 3,044 4,624    
Gross Loans VND bil ... ... ...           76,510 104,096 131,427 162,376 198,291    
Total Provisions VND bil ... ... ...           1,188 1,047 1,421 1,797 2,849    
growth rates                              
Customer Loan Growth % ...               35.3 36.8 26.2 23.5 21.7    
Retail Loan Growth % ... ... ... ...     ... ... ... ... ... ... 28.0    
Corporate Loan Growth % ... ... ... ...         48.6 45.7 19.4 61.6 20.6    
Total Asset Growth % ...               23.2 17.7 21.1 17.6 18.8    
Shareholders' Equity Growth % ...               8.94 1.20 7.39 17.5 11.0    
Customer Deposit Growth % ...               17.0 35.8 20.8 11.9 17.0    
market share                              
Market Share in Customer Loans %                 2.50 3.08 3.23 3.32 3.38 ... ...
Market Share in Corporate Loans % ... ... ... ... ... ... ...   1.54 2.02 2.00 2.69 ... ... ...
Market Share in Total Assets %                 2.63 2.80 2.93 2.96 2.96 ... ...
Market Share in Customer Deposits %                 2.46 2.88 2.95 2.80 2.86 ... ...
ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                              
ROE % ...               8.55 7.59 7.31 7.46 11.0    
ROA % ...               0.653 0.506 0.425 0.410 0.584    
Costs (As % Of Assets) % ...               1.43 1.04 1.11 1.30 1.08    
Costs (As % Of Income) %                 75.8 48.6 51.6 53.4 42.3    
Capital Adequacy Ratio % ... ... ... ... ... ...     12.4 11.3 11.4 13.0 11.3 ... ...
Net Interest Margin % ...               1.62 1.75 1.98 1.88 1.82    
Interest Spread % ...               1.17 1.40 1.71 1.60 1.54    
Asset Yield % ...               7.06 6.60 6.42 6.54 6.92    
Cost Of Liabilities % ...               5.88 5.20 4.71 4.94 5.38    
Payout Ratio % ... ... ...           78.2 0 0 0 0   ...
Interest Income (As % Of Revenues) %                 86.0 81.8 91.9 77.0 71.3    
Fee Income (As % Of Revenues) % ... ... ... ... ... ...     5.42 10.6 2.42 6.23 21.6    
Other Income (As % Of Revenues) % ... ... ... ... ... ...     8.59 7.68 5.66 16.8 7.12    
Cost Per Employee USD per month ... ... ...       ...   601 624 771 830 938    
Cost Per Employee (Local Currency) VND per month ... ... ...       ...   12,631,900 13,247,400 16,672,900 18,286,900 21,015,400    
Staff Cost (As % Of Total Cost) %                 40.7 54.3 58.6 48.1 54.9    
Equity (As % Of Assets) %                 7.21 6.20 5.50 5.50 5.14    
Loans (As % Of Deposits) %                 83.0 83.6 87.4 96.4 100    
Loans (As % Assets) %                 52.4 61.0 63.5 66.7 68.3    
NPLs (As % Of Loans) % ... ... ...           4.06 2.02 1.72 1.87 2.33    
Provisions (As % Of NPLs) % ... ... ...           38.3 49.7 62.8 59.0 61.6    
Provisions (As % Of Loans) % ... ... ...           1.58 1.02 1.09 1.12 1.46    
Cost of Provisions (As % Of Loans) % ...               -0.752 0.696 0.723 0.896 1.06    
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                              
Branches ... ... ... ... ... ... ... ... ... ... ... 452 500 ... ...
Employees ... ... ...       ...   5,002 5,553 6,083 6,351 6,210    
Sight (As % Of Customer Deposits) %                 9.43 10.0 13.6 11.4 9.11    
Return on Loans % ...               1.30 0.886 0.682 0.629 0.865    
Operating Profit (As % of Loans) % ...               0.906 1.93 1.67 1.74 2.18    
Costs (As % Of Loans) % ...               2.84 1.82 1.78 1.99 1.60    
Equity (As % Of Loans) %                 13.8 10.2 8.66 8.24 7.52    

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SHB Bank's net interest income rose 11.8% yoy to VND 2,482 bil in 4Q2019

By Helgi Analytics - March 1, 2020

SHB Bank generated total banking revenues of VND 3,482 bil in the fourth quarter of 2019, up 20.7% when compared to the same period of last year and 39.9% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fee...

SHB Bank's net interest margin fell 3.69% yoy to 2.75% in 4Q2019

By Helgi Analytics - March 1, 2020

SHB Bank's net interest margin amounted to 2.75% in the fourth quarter of 2019, up from 2.58% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.75% in 2Q2010 and an all time low of 1.03% in...

SHB Bank's market capitalisation (end of period) fell 9.58% yoy to USD 337 mil in 4Q2019

By Helgi Analytics - March 1, 2020

SHB Bank stock traded at VND 5,376 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 337 mil. Over the last five years, the stock has depreciated by 0.773 implying an annual average growth of -0.155% In absolute terms,...

SHB Bank's customer loan growth rose 137% yoy to 22.5% in 4Q2019

By Helgi Analytics - March 1, 2020

SHB Bank's customer loan growth reached 22.5% in 2019-12-31, up from 9.49% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 158% in 2010-06-30 and an all time low of 2.36% in 2018-09-30. In the last decade, ...

SHB Bank's equity (as % of assets) rose 1.28% yoy to 5.12% in 4Q2019

By Helgi Analytics - March 1, 2020

SHB Bank's Equity reached 5.12% of total assets in the 4Q2019, up from 5.05% for the previous year. As a share of net customer loans, the ratio amounted to 7.14% at the end of the fourth quarter of 2019. ...

SHB Bank's net profit rose 47.0% yoy to VND 2,458 bil in 2019

By Helgi Analytics - March 1, 2020

SHB Bank made a net profit of VND 2,458 bil under revenues of VND 9,731 bil in 2019, up 47.0% and 39.6% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of VND 2,458 bil in 2019 and an all time low of VND 5.31 b...

SHB Bank's price/earnings (P/E) fell 38.6% yoy to 3.18 in 2019

By Helgi Analytics - March 1, 2020

SHB Bank stock traded at VND 5,376 per share at the end 2019 implying a market capitalization of USD 337 mil. Since the end of 2014, the stock has depreciated by -0.773 % implying an annual average growth of -0.155 %. In absolute terms, the value of the company f...

SHB Bank's npls (as % of loans) fell 23.6% yoy to 1.83% in 2019

By Helgi Analytics - March 1, 2020

SHB Bank's non-performing loans reached 1.83% of total loans at the end of 2019, down from 2.40% compared to the previous year. Historically, the NPL ratio hit an all time high of 8.81% in 2012 and an all time low of 1.39% in 2010. Provision coverage amount...

SHB Bank's net interest income rose 42.0% yoy to VND 7,892 bil in 2019

By Helgi Analytics - March 1, 2020

SHB Bank generated total banking revenues of VND 9,731 bil in 2019, up 39.6% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of VND 9,731 bil in 2019 and an all ...

SHB Bank's net interest margin rose 25.6% yoy to 2.29% in 2019

By Helgi Analytics - March 1, 2020

SHB Bank's net interest margin amounted to 2.29% in 2019, up from 1.82% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.30% in 2006 and an all time low of 1.20% in 2008. The average margin in the...

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