Fitch Ratings has, for the first time, announced its international credit rating for Saigon – Hanoi Commercial Joint Stock Bank (SHB). Accordingly, SHB’s Long-Term Issuer Default Ratings (IDRs) for both local and foreign currencies have been assigned at “BB–” with a Stable Outlook, placing SHB among the leading group within the banking sector.

Fitch is one of the world’s three leading credit rating agencies. SHB’s BB– rating affirms the Bank’s credibility and financial strength in the international market, while reflecting its solid financial foundation and stable profitability.

Fitch has also assigned SHB a Viability Rating (VR) of “b+” and a Government Support Rating (GSR) of “bb–”. The “b+” Viability Rating highlights SHB’s financial capability, supported by its growing operational efficiency and increasingly strengthened brand presence in the market.
Fitch notes that SHB’s return on risk-weighted assets has continued to improve over the years, while its capital adequacy ratio (CAR) reached 12% by the end of 2024, with a stable capital base maintained.

Recently, SHB announced its first-quarter business results, showcasing impressive figures. Pre-tax profit reached nearly VND 4,400 billion, completing 30% of the full-year 2025 target. This growth milestone reflects SHB’s strong internal capabilities and lays a solid foundation for its breakthrough growth ambitions. The bank also ranks among the Top 15 private enterprises contributing the most to the national budget.

As of March 31, SHB’s consolidated total assets reached VND 790.742 trillion, marking a 6% increase compared to the end of 2024. Outstanding credit balance stood at VND 575.777 trillion, up 7.8%, primarily allocated to key production and business sectors, as well as high-potential industries aligned with sustainable economic development strategies. This focus establishes a strong basis for SHB’s long-term stable and efficient growth. Credit quality continues to be maintained within a safe range, thanks to the Bank’s proactive, decisive, and effective risk management and loan settlement measures.

These figures once again affirm SHB’s robust financial strength, complementing Fitch Ratings’ recent assessment. A representative from SHB shared: “Being rated for the first time by Fitch Ratings – one of the world’s leading international credit rating agencies – at BB– with a Stable Outlook reflects SHB’s solid financial foundation and its vigorous transformation journey. Over the years, SHB has continuously strengthened its financial capabilities, enhanced risk management practices, improved operational efficiency, and advanced transparency. This achievement once again underscores SHB’s position and stature in the financial market, expanding its regional presence and affirming the trust of shareholders, investors, partners, and customers both at home and abroad”.

The year 2025 marks a strategic milestone, ushering in SHB’s acceleration and comprehensive breakthrough phase within its five-year strategic plan. SHB targets a pre-tax profit of VND 14,500 billion, a 25% increase; total assets of VND 832,000 billion; charter capital of nearly VND 46,000 billion; credit growth of 16%; and strict control of the non-performing loan (NPL) ratio, maintaining it below 2%.

The Bank also plans to pay a dividend of 18% for 2024, comprising 5% in cash and 13% in shares, and aims to maintain a similar 18% dividend payout for 2025, aligning with its goal to sustainably grow equity capital and deliver lasting value to shareholders. Recently, SHB successfully increased its charter capital to VND 40,658 billion, firmly securing its position among the Top 5 largest private joint-stock commercial banks in Vietnam.

Entering the new era, SHB remains committed to safeguarding shareholder interests, enhancing employee welfare, and fostering prosperity for customers, partners, investors, employees, and the broader community and society.