Saigon – Hanoi Commercial Joint Stock Bank (SHB) has been named by the US-based Global Finance magazine as “Best Bank Vietnam 2018”. This is one of the most important catagories of Global Finance’s annual Best Bank award to honor the best financial institution in each country.

Global Finance is the world’s leading financial magazine established in the United States since 1987. Over 30 years of operation, Global Finance has marked its presence in over 158 countries with more than 50,000 publications. The magazine readers include chairmen of the board, chief executive officers, chief financial officer, senior economic and finance experts, etc. The Global Finance’s Awards are selected over strict and transparent reviews. Therefore, these award categories gain high recognition and reputation in the global financial community and have been presented to many world’s leading banks such as HSBC, ING, Bank of America, Wells Fargo, Royal Banks of Canada, ICBC, Citi, Societe Generale, JP Morgan, UBS, etc. In Vietnam, Vietcombank, BIDV, SHB, Techcombank … are among those banks which have been honored by Global Finance. SHB was also presented “Best Trade Finance Bank Vietnam” award in 2010 and 2011.

“Best Bank” award is selected based on rigorous standards with deck comprising of business executives, consultants, analysts in finance and banking sectors, and through a reader poll to ensure subjectivity and reliability of the final results. With “Best Bank Vietnam 2018” Award, SHB is given high recognition on account of its steady growth in financial indicators such as total assets, profit; its diverse and tailored products and services; its extensive network; advanced technology; excellent customer service, etc.

SHB is now among Top 5 largest private commercial banks in Vietnam. As of March 31, 2018, the Bank’s total assets reached VND 286,904 billion; charter capital was over VND 12,036 billion, increasing by VND 839 billion against the final quarter of 2017. Total capital was VND 18,809 billion, increasing by VND 900 billion against 2017. Total deposits reached VND264,000 billion, including VND 227,000 billion of customer deposits, increasing by 8% against 2017. Total loan was VND 202.500 billion, increasing by 2% against 2017. Total profit before tax was over VND 500 billion, increasing by 63,5% year on year.

On basis of “Solid partners – Flexible solutions” motto, SHB is highly recognized for its flexibility and ability to meet customers’ demands for banking products and services. SHB has designed diverse, competitive products, tailored to a wide range of customers such as auto loans, home loans, business loans, account overdraft, study abroad loans, securities loans, etc. SHB actively promotes e-banking channels such as SHB Online, SHB Phone, SHB SMS, SHB Mobile to enable account-based transactions, savings deposit/withdrawal, top-up, bill payment any time, anywhere. In addition, SHB continues to develop its banking services with derivative products and insurance services through Bancassurance, etc.

With an extensive network of nearly 500 transaction points, SHB marks its presence in more than 40 provinces and cities in Vietnam, as well as in Lao PDR and the Kingdom of Cambodia. In 2018, SHB expects to launch 05 new branches and 20 transaction offices with the aim of expanding its business network.

In terms of technology, SHB has currently completed research and evaluation of the leading mobile-based security solutions, which include VMW Air Watch, IBM Maas 360, Mobile, officially launched OOS software, compliance reporting software following Circular 35, anti-money laundering software, …

Speaking about this award, SHB Chief Executive Officer Nguyen Van Le said, “Best Bank Vietnam 2018 award is a recognition of SHB’s efforts in bringing about greater values to customers over time”.

“Best Bank Vietnam 2018” once again affirms SHB’s position regionally and internationally.