Nhon Ai Rural Commercial Joint Stock Bank was founded on November 13, 1993, in Can Tho, with an initial capital of 400 million VND. Its primary goal was to cater to customers within the agriculture and rural sectors.
In 2005, during a “landmark” encounter with the Chairman of Nhon Ai Rural Bank, entrepreneur Do Quang Hien adeptly negotiated to become a major shareholder and was entrusted with the responsibility to steer the bank forward.
In 2006, Nhon Ai Rural Commercial Joint Stock Bank underwent a pivotal transformation, officially transitioning its operational model to an Urban Commercial Joint Stock Bank. Concurrently, it rebranded itself as Saigon – Hanoi Commercial Joint Stock Bank (SHB), with a charter capital of 500 billion VND.
