Saigon – Hanoi Bank (SHB) announces the consolidated financial statement for the third quarter of 2023. Pre-tax profit amounts for 80% of the yearly target set by the General Meeting of Shareholders. Total assets reach VND 596 trillion, up 8.13% year-to-date. Total customer deposits reach nearly VND 475 trillion. Equity capital in line with Basel II Accord reaches VND 67,801 billion.
From the beginning of 2023, SHB has promoted funding for priority sectors such as agriculture, SME, supporting industries, infrastructure, value chain… As of September 30, 2023, total outstanding loan reached VND 430 trillion, a year-to-date increase of 10%.
Many incentive such as lending interest rate cut between 1% and 3%, higher loan limits, streamlined procedures and required documents and etc. worth up to tens of thousands of billions of VND have been offered to both existing and new customers in many sectors and industries as well as loyal ones utilizing many of SHB’s services.
In addition, SHB actively takes part in bank- enterprise connection programs hosted by the State Bank of Vietnam, and working sessions with business associations to fully grasp their challenges in access to finance. Digital transformation and modern technology being applied in credit extension procedures have successfully shortened SLA, enhancing customer’s access to finance.
In the third quarter of 2023, SHB issued more than 552 million dividend shares of 2022 at a rate of 18%. As a result, charter capital rose to billion VND 36,194 and ranks among top 4 largest private commercial banks.
All prudential, liquidity and risk management indicators exceed the SBV regulations. SHB has fully complied with three pillars of Basel II Accord. From the beginning of 2023, SHB has applied Basel III standards in liquidity risk management.
Pursuing the goal of becoming the top modern retail bank in the region, SHB is simultaneously both promoting digital transformation and expanding the retail network.
Recently, SHB launched the new digital bank SHB SAHA, which offers all the necessary features of a digital bank and serves as a superior financial assistant for personal customers, especially business households. “SHB Family Card – Closer Connection” program is launched to bring all family members to a common financial platform.
In 2023, SHB opened five more branches and 25 transaction offices, bringing the total number of domestic and international transaction points to 569 transaction points. Traditional business locations such as branches and transaction offices will help SHB increase brand recognition and utilities in order to reach out to a large number of customers. In addition, these business locations will provide modern banking facilities closer to customers not only in urban areas but also in rural areas, where banking services are still limited.
The year 2023 marks the 30th year of SHB accompanying and developing with the country. In addition, the comprehensive transformation is guided by the core values “Heart – Faith – Trust – Knowledge – Wisdom – Prestige” to deliver more positive values to customers, partners, shareholders, communities and the national economy.