Saigon – Hanoi Commercial Joint Stock Bank (SHB) was established on 13/11/1993 and officially listed on Vietnam stock market in 2009. After nearly 30 years of establishment and development with operating criteria of sustainable, safe and effective operation, SHB has achieved many achievements, taking a strong position in the Vietnamese financial market, and at the same time reaching out to the world market, contributing to the development of the Vietnamese financial market and the strong development of the country’s economy.
SHB currently has 6.246 employees, 571 domestic and foreign transaction points, serves more than 5 million individual and corporate customers and connects to 500 correspondent banks across continents.
Saigon – Hanoi Bank (SHB) has published its audited financial statement for the second quarter of 2023 with accumulated pre-tax profit equal to more than VND 6,084 billion, up 5.3% year-on-year. By the end of the second quarter of 2023, major financial indicators of SHB increased positively. Total assets of SHB reached VND 585,270 billion, up 6.2% year-to-date. Equity capital amounted to VND 66 trillion. Total customer deposit increased by 13.7% year-to-date, reaching VND 465 trillion. Total loan outstanding amounted to VND 424 trillion.
As of December 31, 2023, SHB’s total assets exceeded 630,500 billion VND. Total customer deposits amounted to 497,417 billion VND. Tier-1 capital, compliant with Basel II standards, reached over 70,268 billion VND; The bank’s charter capital was nearly 36,200 billion VND, placing it among the top four largest private commercial banks. Outstanding loans rose to 455,718 billion VND, a 17% increase compared to the end of 2022. These loans primarily support key manufacturing and business sectors in line with the government and SBV policies
SHB has closed the list to pay dividends in 2022 at the rate of 18%, thereby increasing charter capital to VND 36,194 billion, ranking in TOP 5 private joint stock commercial banks in terms of charter capital. SHB’s pre-tax profit in the first 6 months of 2023 reached VND 6,073 billion, up 5.13% over the same period in 2022.
Net income from business activities reached 20,523 billion VND, an increase of 20% compared to 2022. Profit before tax reached 9,239 billion VND. Stable business performance, ROE, NIM… indexes are all good with good growth, especially CIR index reached 23%. SHB has continuously ranked first in the group of banks with the best cost control for many consecutive quarters. Increased risk provision costs compared to 2022 help SHB continue to improve risk provision cushion to 75%.
SHB has built many digital products, bringing new “online” features such as: Mobile application for corporate customers SHB Corporate Mobile helps entrepreneurs proactively manage anytime, anywhere; SHB SAHA app integrates nearly 40 new features, bringing new and different experiences for science and technology; online foreign currency selling feature;… In operation, SHB continuously automates many internal processes to serve administration, including applying digital technology to administrative activities, strengthening management. risks, applying artificial intelligence to support business…
Up to now, at SHB, 90% of key banking operations can be performed entirely on digital channels, exceeding the target according to the Banking Industry’s Digital Transformation Plan to 2025. At the same time, 90% of transactions of corporate and individual customers are carried out entirely through Mobile banking and Internet banking digital channels.
SHB’s safety, liquidity, and risk management indicators are all better than the State Bank’s regulations and international standards. From the beginning of 2023, SHB has begun applying Basel III standards in liquidity risk management, with compliance assessment by an international consulting company to ensure compliance with good practices and Basel Committee requirements under Basel III.
During the journey of 30 years of development, SHB has always carried the mentality and mission of one of the top commercial banks. SHB takes customers as the core and principle of all activities, creating different values in the market. SHB always considers serving and consistently brings the best values to the Country, Community and Customers.
With the motto “Customer-centricity”, SHB is constantly reforming strongly, innovating business models, focusing on digital transformation, improving processes and procedures quickly and simply to bring to customers. products and services of the best quality, while maximizing benefits for customers. At the same time, SHB continues to develop a strategy to develop value chain customers, tapping the potential of regions and localities, focusing on developing new customers, targeting customer segments, retaining traditional customers, leveraging on multi-industry customers, exploiting customer ecosystem…
SHB is currently ranked in the Top 5 largest joint stock commercial banks in Vietnam, Top 10 most prestigious joint stock commercial banks in Vietnam, Top 50 best enterprises in Vietnam, Top 100 ASEAN banks, Top 500 banks with the largest brand value in the world and is one of 10 DSIBs (Domestic Systematically Important Banks) in the Vietnamese banking system… SHB was honored to be awarded the Second Class Labor Medal (twice), Third Class Labor Medal and many flags, Certificates of Merit, Certificates of Awards from the Government, Ministries, Associations and other noble awards.
Not only stopping at the current successes, in the future, SHB will continue its creative journey and relentless efforts, towards the goal of becoming the most efficient bank by 2028, a leading modern and most popular digital bank. Vision to 2035, becoming a leading modern retail bank in the region.