On April 22, 2022, in Hanoi, Saigon – Hanoi Bank (SHB) was honored to be included in the FAST500 Ranking – Top 500 fastest growth enterprises in Vietnam in 2022, and also honored in the Top 50 Best Growth Enterprises in Vietnam 2022 (Top 50 Vietnam Best Growth). The fact that SHB has been honored in this ranking for 4 consecutive years has recognized and confirmed the continuous efforts on the development journey, as well as the leading position and reputation of the bank in the market.

2022 is the 12th year in a row that the ranking of fastest growing enterprises in Vietnam has been  developed, and announced by Vietnam Report and VietnamNet Newspaper in order to recognize and honor the worthy achievements of businesses with high and stable growth rate in the period 2017 – 2021. This is one of the leading prestigious rankings in Vietnam, based on independent research and evaluation results according to international standards of Vietnam Report.

With breakthrough business results and many impressive achievements even in the context of the economy affected by the prolonged pandemic, SHB was excellently honored as a “Top 50 Best Growth Enterprises in Vietnam in 2022”. Specifically, as of December 31, 2021, SHB’s total assets reached VND 506,604 billion, an increase of 23% compared to the end of 2020. Equity capital according to Basel II standards reached VND 53,114 billion. Market 1 capital mobilization reached VND 378,441 billion, up 12%; credit balance reached VND 368,514 billion, up 16% compared to 2020. In addition, SHB strictly controlled operating expenses, bringing the ratio of operating expenses to total net income (CIR) down to 24%, become one among the banks that best control CIR in the industry. Sustainable development goes along with risk management and asset quality improvement. In 2021, SHB has recovered debts and made provisions to settle all VAMC and Vinashin bonds ahead of schedule. NPL ratio is strictly controlled at 1.69%, lowest in the last 5 years.

Representative of SHB received the award of Top 50 Best Growth Enterprises in Vietnam 2022 (Top 50 Vietnam The Best Growth 2022)

SHB’s pre-tax profit reached VND 6,260 billion, up 91.6% over the same period and outperforming 102% of the plan set by the General Meeting of Shareholders. This is the largest profit in the Bank’s 28-year history.

Constantly increasing shareholder benefits, SHB plans to pay dividends for 2021 in shares at the rate of 15%. Previously, SHB has paid share dividend in 2019 at the rate of 10%; 2020 at the rate of 10.5% and successfully issued shares to existing shareholders at a preferential price of VND 12,500/share. Thereby, in 2021, SHB has increased its charter capital to VND 26,674 billion.

Sustainable development along with risk management, SHB is one among the top banks that have completed all three Basel II pillars ahead of schedule. On that basis, SHB has applied international standards on risk-based performance measurement to business activities. In 2021, SHB has completed the preparation of foundations for the transition to advanced capital calculation (FIRB), meeting Basel III standards on liquidity risk.

Continuing certain successes achieved in 2021; SHB is entering 2022 with a new mindset, new strength, new goals with new strategies and visions. The bank sets a target of over 12% growth in total assets by 2022; chartered capital increased by 36% compared to 2021; profit before tax is expected to be at least 11,686 billion dong, up 87%; Expected dividend in 2022 from 18%.

Ms. Nguyen Thi Hoai Thanh – SHB’s representative receiving the award shared: “SHB will continue to maintain a high growth rate. With strategic advice from the world’s leading prestigious corporations and organizations, SHB will certainly achieve its goal by 2025 to become the leading bank in terms of efficiency and technology among commercial banks in Vietnam. The Bank’s 2035 vision is to become a leading modern retail bank in the region; an investment bank providing the most effective capital for key sectors of the Vietnamese economy.”

Previously, SHB has continuously been honored with important awards of the year in the Finance – Banking industry in particular and the whole economic sector of Vietnam in general, such as: “Best CSR Bank” and “Bank with innovative products/services” honored by the International Data Group (IDG) in collaboration with Vietnam Banks Association; “Top 50 best enterprises in Vietnam” for the 3rd time honored by Vietnam Report; “Best SME Bank in Vietnam” by the prestigious international magazine Global Finance in 2021-2022.