SHB earns recognition as the “Best SME Bank for Sustainable Finance,” offering sustainable financial solutions and a range of digital products and services for small and medium-sized enterprises (SMEs).
Alpha Southeast Asia magazine awarded Saigon – Hanoi Bank (HoSE: SHB) as “Best SME Bank for Sustainable Finance.” As one of the four largest private joint stock commercial banks, SHB consistently supports businesses and individuals throughout their growth journeys. It serves a pivotal role as a capital channel, providing sustainable financial solutions and credit packages with preferential interest rates, specifically designed for SMEs.
The bank solidifies its reputation and position in the international market as a trusted partner of various development financial institutions such as the World Bank (WB), International Finance Corporation (IFC), and Asian Development Bank (ADB). It collaborates to fund clean energy and green projects, as well as SMEs and women-led SMEs (WSMEs).
One of SHB’s recent notable achievements was signing a $120 million loan agreement with the IFC. This funding supports SHB in expanding its SME loan portfolio, including WSMEs and financing supply chains. Additionally, IFC will provide technical assistance to enhance business strategies and management and risk management capacities to international standards.
In the “COVID-19 Relief for Women-led SMEs Project” managed by ADB, SHB is the leading bank among five participating banks. Additionally, SHB extended credit for the Happiness Rice Factory project, which employs advanced technology to achieve low carbon emissions and enhance the quality of exported rice.
Amidst economic recovery, SMEs stand out as a customer segment requiring capital support to overcome challenges and scale their operations. SHB has rolled out several loan packages with attractive interest rate policies totaling tens of thousands of billions of VND, including:
• An 11,000 billion VND package with preferential interest rates for SMEs to support business operation and vehicle purchases.
• A short-term preferential interest rate loan package worth 5,000 billion VND to finance working capital.
• A 1,000 billion VND loan package with preferential medium and long-term interest rates.
• A $50 million USD package with preferential interest rates for import-export enterprises, starting from only 4.5% p.a.
According to an SHB representative, receiving the “Best SME Bank for Sustainable Finance” award signifies recognition and trust from both domestic businesses and international organizations. The bank remains committed to being a reliable partner, offering tailored financial solutions that meet customer needs, thereby supporting the development of SMEs and businesses overall.
To facilitate easier access to capital for customers, SHB is advancing digital transformation efforts, streamlining procedures to shorten loan processing time. The bank is diversifying its range of credit products to better meet customer needs. Additionally, SHB actively participates in bank-business connection programs, engaging directly with customers to understand their specific needs and propose tailored solutions. This approach aims to create favorable conditions for customers to easily access capital. Moreover, SHB offers non-financial solutions, supports networking within the business community, and provides corporate finance training and consultancy to ensure strategic alignment with the current economic landscape.
At the same time, SHB offers a range of convenient digital services and solutions for businesses and state administrative agencies, including payment collection via SLINK virtual accounts, trade finance services, collection services, and salary payments.
Through collaboration, partnerships, and credit policies tailored to support businesses, particularly SMEs, SHB has garnered recognition from prestigious domestic and international organizations. These awards include the “Best SME Bank for Micro SMEs” by Alpha Southeast Asia and “Best SME Bank in Vietnam” by Finance Asia Magazine. Additionally, SHB was ranked 137th in Fortune Magazine’s list of the 500 largest financial corporations and businesses in Southeast Asia (Fortune Southeast Asia 500), and ranked 17th among financial institutions and businesses in Vietnam.