Founded on November 13, 1993, Saigon – Hanoi Commercial Joint Stock Bank (SHB) has grown into one of Vietnam’s leading financial institutions. Officially listed on the Vietnam stock market in 2009, SHB has spent more than three decades building a reputation for sustainable, safe, and efficient operations. The Bank continues to affirm its strong position in the domestic financial market while expanding its presence internationally, thereby contributing to the robust development of Vietnam’s economy.
As of 2024, SHB operates a network of 587 transaction points across Vietnam and abroad, employing 6,651 staff and serving a diverse customer base of over 5 million individuals and businesses. The Bank maintains correspondent banking relationships with 500 institutions across all continents.
By the end of 2024, SHB reported total assets exceeding VND 747 trillion, representing an 18.5% increase year-on-year. Total outstanding credit reached nearly VND 534 trillion, up 18.2%, with capital flows directed toward the Government’s and State Bank’s prioritized economic sectors. SHB continues to maintain a solid financial foundation with safety and liquidity ratios exceeding regulatory requirements. The capital adequacy ratio (CAR) remains above 12% in accordance with Basel II standards, while liquidity risk indicators align with Basel III standards. The Bank has also met its non-performing loan (NPL) targets as approved by the Annual General Meeting of Shareholders (AGM).
2024 marked a pivotal year in SHB’s Transformation Strategy for the 2024–2028 period. The Bank achieved a profit before tax (PBT) of VND 11,543 billion, up 25% from 2023 and surpassing AGM-approved targets. The cost-to-income ratio (CIR) was maintained at 24.5%—among the lowest in the industry—thanks to ongoing digitalization efforts and technological integration across operations and services. Return on equity (ROE) stood at an impressive 21.4%, reaffirming SHB’s position as a leader in profitability within the banking sector.
In addition to surpassing key performance indicators—such as total assets, credit growth, NPL ratio, and PBT—SHB further demonstrated its operational excellence and governance aligned with international standards. Recently, the State Bank of Vietnam approved SHB’s plan to issue nearly 403 million shares as a 2023 stock dividend at a rate of 11%, raising its charter capital to VND 40,658 billion and reinforcing its standing among the Top 5 largest private joint stock banks in Vietnam. This follows a 5% cash dividend distribution completed earlier in the same year.
With a strong and stable financial foundation, SHB was proudly ranked 137th in the inaugural Fortune Southeast Asia 500 list of the region’s largest revenue-generating companies, and 17th among Vietnam’s financial institutions and corporations. SHB is also consistently recognized among the top 5 banks contributing the most to the national budget in recent years