In the first half of 2023, Saigon – Hanoi Commercial Joint Stock Bank (SHB) was continuously honored by many international financial organizations in major award categories. That is the global recognition and affirmation of SHB’s brand, reputation and market position.
Recently, Asian Banking and Finance (ABF) – Asia’s prestigious international financial magazine based in Singapore honored SHB in 3 most important categories of the year: Vietnam Domestic Social Impact Finance Initiative of the Year (Wholesale banking category); Strategic Partnership of the Year – Vietnam and the the Banking for Women Initiative of the Year – Vietnam (Retail Banking Category).
These awards are part of ABF’s periodic banking awards system. These are prestigious awards, a recognition that experts and the community give to banks with outstanding performance by region and country.
The review board and experts highly appreciate SHB when it meets all the following factors: (1) An effective business strategy, with financial products and services that are “tailored” for each customer segment, have a positive impact on business and society; (2) Strengthening cooperation with international financial institutions in order to attract capital of hundreds of millions of USD to supplement sources for corporate loans with preferential interest rates; (3) As a bank with many financial solutions to support women-owned SME (WSME); (4) Prudent, efficient and highly profitable business operations while ensuring prudential indicators and effective risk management in line with international standards; (5) Specialized high quality products and services; (6) A strong, comprehensive transformation strategy in the retail segment.
Sustainable development in parallel with a comprehensive and disruptive transformation strategy, SHB is increasingly promoting its brand in the domestic financial market and reaching out to the region. With a strong technological background and financial potential, SHB is a reliable partner, satisfying the higher criteria of the World Bank, Asian Development Bank, International Finance Company, Green Climate Fund, Japan International Cooperation Agency, KfW, etc.. SHB becomes a bridge to help businesses access abundant capital, optimize cash flow, and improve capital efficiency, business growth and the national economy. In particular, SHB is one of the most effective banks providing capital for key areas of Vietnam’s economy supporting customers in priority fields such as agriculture, rural development, green projects, WSME, etc. SHB’s preferential policies with comprehensive financial solutions have contributed to promoting borrowers to shift to more environmentally friendly projects.
SHB was the only Vietnam representative to be awarded the “Best Bank for Sustainable Finance in Vietnam” by Global Finance Magazine in 2023 affirming its pioneering position in adopting ESG framework. Not only ensure prudent and effective business growth, this direction also improves SHB reputation and competitive edge in the globalization and contribute to setting new standards for sustainable development.
“Numerous prestigious awards demonstrate SHB’s unremitting efforts when always providing the best and comprehensive financial solutions to customers. Besides, I believe that the biggest reward we receive is the precious welcome and support of our customers. This will be a great source of motivation for us on the way to conquering big goals ahead.” said one of the SHB executives.
On the journey of 30 years of establishment and development, SHB has affirmed its position, role and responsibility as one of the top commercial banks. 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 largest brand value banks…