Ho Chi Minh City, 23 March 2026 – Asia Commercial Bank (SCB) has announced plans to restructure its insurance subsidiary and raise capital, as disclosed in updated documentation ahead of its 2026 Annual General Meeting of shareholders. The initiative aims to strengthen shareholder confidence, drive growth in the non-life insurance sector, and optimise the bank’s Capital Adequacy Ratio (CAR). SCB anticipates that by the second quarter of 2026, the issuance of approximately 667 million additional shares will elevate its authorised capital to VND 58,000 billion.
Ownership Transformation in Non-Life Insurance
Under the new plan, SCB will adjust the ownership structure of its non-life insurance operations. Previously wholly owned (100%) by the bank, the subsidiary will now be divided between two group entities, each tasked with specialised functions:
| Unit Name | Shareholding (%) | Role Summary |
|---|---|---|
| SCB Asset Management & Data Collection (SCB AMDC) | 91 | Responsible for asset management and data collection |
| SCB Securities Company (SCBS) | 9 | Handles securities-related activities |
Management emphasises that the restructuring is designed to maximise operational efficiency across the group’s units. The newly established legal entity, SCB Insurance, is intended not merely as a structural addition, but as a growth hub for non-life insurance. SCB has set a five-year target of capturing a 1.5% market share in non-life insurance while sustaining a Return on Equity (ROE) above 20%.
Dividend Policy and Capital Base
In 2025, SCB reported consolidated post-tax profits exceeding VND 15,600 billion. The board has proposed a 20% dividend payout to shareholders, split between 7% in cash and 13% in additional shares. This strategy aims to balance immediate shareholder returns with the bank’s long-term developmental objectives.
Long-Term Strategy and Competitive Edge
SCB continues to strengthen its competitive positioning by focusing on digital transformation and investment banking, key sectors where peers are increasingly active. Central to its strategy is the integration of the non-life insurance division, which provides comprehensive protection for clients, diversifies non-interest income, and strengthens connections within SCB’s internal ecosystem.
Through a structured roadmap, SCB is gradually transforming from a retail-focused bank into a diversified financial conglomerate offering integrated banking, securities, and insurance services. The goal is to maximise value creation for both clients and shareholders.
By pursuing capital expansion and insurance restructuring, SCB reinforces its “prudent and sustainable” strategy, positioning the bank for long-term financial stability and robust growth.