Sacombank’s shares (STB) recently experienced a remarkable increase, rising nearly 5% in the session on April 21, reaching a peak of 40,450 VND/share, which contributed to raising the market capitalization to over 76 trillion VND. Ahead of the Annual General Meeting in 2025, Sacombank announced a proposal to increase charter capital through issuing stock dividends and bonus shares for employees, creating positive hopes for shareholders after years without dividends. Sacombank aims for a profit of 14,650 billion VND for 2025, a 15% increase compared to 2024, with a bad debt ratio maintained below 2%. Chairman Dương Công Minh stated that the bank has addressed most of its bad debts and is awaiting approval from the State Bank to implement its new financial plans.
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