As one of the three banks honored to receive the award “Top 10 Large-Cap Enterprises with the best Annual Report 2020”, Saigon – Hanoi Commercial Joint Stock Bank (SHB) affirms its position and prestige of a bank who always focuses on information transparency, comprehensive development; and at the same time, affirms SHB’s strong commitment in applying and complying with the highest standards of corporate governance, providing optimal benefits to customers, shareholders, partners and the community.

The Vote for Listed Companies is an extension of the Vote for Annual Report held by HOSE and HNX. The year 2020 is the 13th year the Vote accompanies Vietnam stock market and the listed business community. Compared with the previous years, this year’s vote has changed and improved in the criteria for awarding, in order to improve the quality of annual reports of enterprises. This year’s Annual Report grading was carried out by two Stock Exchanges (HOSE and HNX). The results were then reviewed by the top 4 auditing firms (Big 4), namely Deloitte, Ernst & Young, KPMG and PwC to ensure accuracy, objectivity and professionalism in the vote.

Getting over 700 enterprises to become one of the three banks in the top 10 large-cap enterprises with the best annual reports of 2020; this result is SHB’s continuous efforts, improvement and creativity and is an outstanding improvement compared to its achievement of being in the Top 30 in 2019.

Representative of SHB, Ms. Ngo Thu Ha – Deputy General Director was honored to receive the award

With the theme “Effective innovation – Breakthrough action”, SHB’s Annual Report is highly appreciated with the constant innovation from products, operating processes, technology, risk management, business model to bring superior value to customers, shareholders and the community – towards a leading modern universal retail bank in Vietnam, reaching to regional and international levels.

SHB’s Annual Report clearly, transparently and accurately pointed out business operations, growth results, governance and risks…; and was recognized and highly appreciated by the grading committee in terms of content. At the same time, the report is particularly impressive in terms of design with scientific and modern presentation style, optimal information and visual effect. In the end, SHB’s Annual Report met the strict scoring criteria of the organization committee, surpassing a series of other large-cap enterprises to be in the top 10 annual reports with highest scores.

Representative of SHB, Ms. Ngo Thu Ha – Deputy General Director of SHB said: “Being in the top 10 large-cap enterprises with the best annual reports of 2020 shows that SHB is a bank that focuses on information transparency and sustainable development. This is the basis for the bank to increase benefits and value for customers, shareholders, partners as well as all SHB staff. The report is the dedication of SHB team in providing transparent information and overall and accurate perspectives. Along with that, we will continue to improve continuously, reaching international standards of governance and sustainable development.”

The award Top 10 large-cap enterprises with the best Annual Report affirms SHB’s strong commitment to the application of and the compliance with the highest standards of corporate governance, bringing optimal benefits to customers, shareholders, partners and the community

As of September 30, 2020, SHB has total assets of nearly VND 402 trillion. Current charter capital is more than VND 17,558 billion. Equity is VND 36,821 billion. SHB has grown strongly with nearly 8,500 employees working at 530 domestic and international transaction points, serving more than 5 million individual and corporate customers and connecting to 400 correspondent banks across all continents. The numbers are convincing proof of the capacity of the Board of Directors and the hard-working efforts of SHB staff.

SHB also affirms its position and reputation as a bank of comprehensive development with a series of awards honored by prestigious domestic and foreign organizations in 2020: Best Trade Finance Bank in Vietnam (voted by Alpha Southeast Asia magazine); The Bank with the Best Savings Product (voted by Global Banking and Finance Review magazine); Best Corporate Support Initiative in 2020, Most Innovative Bancassurance Product 2020, Best Strategic Cooperation Initiative 2020 (voted by The Asian Banking and Finance magazine); Best Bank for Vietnamese Small and Medium Business (voted by Asiamoney magazine); The Bank accompanying small and medium enterprises, Typical Bank for Green Credit (voted by IDG International Data Group), etc.

Along with the Top 10 Large-Cap Enterprises with the Best Annual Reports 2020, the above awards are both recognition and motivation for SHB to continue to rise strongly on the journey to bring effective financial solutions and to advise outstanding non-financial solutions for customers, aiming at the Top 3 largest private banks in Vietnam.