• 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.

In 2007, two prominent state-owned enterprises, the Vietnam National Coal and Mineral Industries Group (Vinacomin) and the Vietnam Rubber Group (VRG), emerged as strategic stakeholders of SHB. This development underscored SHB’s esteemed standing among private commercial banks. The executives from Vinacomin and VRG were directly involved in SHB’s Board of Directors from 2007 to 2014.

In 2008: The headquarters relocation from Can Tho to Hanoi marked a significant milestone in scaling up operations, with a charter capital of 2,000 billion VND. Additionally, BSH Insurance Company was established during this period.

In 2009: SHB was among the initial three banks to officially list shares on the Hanoi Stock Exchange.

In 2011:

• With its charter capital nearing 5,000 billion VND, SHB remains among the cohort of joint stock commercial banks experiencing the highest growth and profitability rates.
• On the occasion of its 18th anniversary, SHB was honored to receive the Third-Class Labor Medal awarded by the State President.

In 2012

Implemented a regional expansion strategy

• In February 2012, SHB opened a branch in Cambodia, with a total investment of 37 million USD.
• In September 2012,a branch in Laos was opened with a charter capital exceeding 5 million USD.

Implementing the state policy of restructuring the banking industry, SHB pioneered the merger with Hanoi Housing Bank (Habubank), a long-established bank in Vietnam. SHB assumed and managed all debts for many years afterward, contributing to the stabilization of the domestic banking system and enhancing Vietnam’s image in the international market.

In 2013

Celebrating the 20^th anniversary, SHB was honored to receive the Second-Class Labor Medal awarded by the President.

Proudly affirming its role as a companion in building the country, SHB has sponsored trillions of VND for numerous key national projects. These include the expansion of National Highway 1 through the provinces of Khanh Hoa, Thua Thien Hue, Quang Ngai, and Quang Nam; the construction of a grade-separated interchange at Hue Junction in Da Nang city; the construction of the new Dong Nai bridge; and several major hydropower and power transmission projects.

In 2014: SHB emerged as the sole strategic financial partner in the Indochina region for the globally renowned football club, Manchester City. This partnership not only elevated SHB’s position but also enhanced the Vietnamese brand’s image internationally.

In 2016

SHB officially inaugurated a wholly-owned subsidiary bank in both Laos and Cambodia, further solidifying its influence and presence within the region.

Continuing its commitment to implementing the government and State Bank of Vietnam policies regarding the merger of struggling credit and financial institutions, SHB facilitated the merger of Vinaconex – Viettel Consumer Finance Company and established a Consumer Finance Company under SHB’s umbrella. This move significantly bolstered the financial ecosystem and expanded the consumer finance network, further enhancing SHB’s offerings and market reach.

SHB Bank and Barcelona Football Club entered into a strategic co-branding partnership, elevating the SHB brand alongside one of the world’s foremost football brands.

In 2023

SHB proudly celebrated its 30^th anniversary and was honored to receive the 3rd Class Labor Medal awarded by the President of the Socialist Republic of Vietnam.

SHB shares were selected for the VN30 index, which comprises the 30 largest and most liquid companies listed on HOSE. The bank increased its charter capital to 36,194 billion VND, placing it among the Top 4 private commercial banks with the largest charter capital.

SHB once again affirmed its reputation by meeting IFC’s stringent standards, officially signing a senior loan agreement worth 120 million USD and joining IFC’s Global Trade Finance Program (GTFP) with an initial trade finance guarantee limit of 75 million USD.

Continuing to bolster its global standing, SHB forged a memorandum of understanding (MOU) with Busan Bank (BNK Financial Group of Korea), solidifying a partnership across all domains. Particularly focused on developing corporate customers, digital banking, and investment banking, this collaboration aims to drive socio-economic development between Vietnam and Korea.

Expanding its network, SHB added 5 new branches and 25 transaction offices, thereby increasing the total number of domestic and international transaction points to 571.