Saigon – Hanoi Bank (SHB) has just announced its financial statements for the second quarter of 2023 with the cumulative pre-tax profit in the first 6 months reaching VND 6,073 billion, up 5.13% over the same period in 2022.

Specifically, by the end of the second quarter of 2023, SHB’s key financial indicators grew positively. Total assets of SHB reached 585 trillion dong, a year-to-date increase by 6.21%. Equity capital reached 66 trillion dong. Total customer deposit grew 13.7%  year-to-date equal to  VND 462 trillion. Total loan amounted to VND 418 trillion.

On July 25, SHB finalized the shareholders list to pay out stock dividends in 2022 at the rate of 18%, thereby increasing the  charter capital to VND 36,194 billion, ranking in the TOP 5 private joint stock commercial banks in terms of charter capital. SHB’s pre-tax profit in the first 6 months of 2023 reached VND 6,073 billion, up 5.13% year-on-year.

The prudent, liquidity, and risk management indicators of SHB all exceeded those of the State Bank of Vietnam and international standards. Since the beginning of 2023, SHB started to apply Basel III standards in liquidity risk management which are being evaluated by an international consulting firm to ensure compliance with good practices and requirements of Basel III. Result of this evaluation will be announced in the third quarter of 2023.

Last May, SHB completed 50% capital transfer of SHBFinance to its partner Krungsri, thereby gaining a significant financial resource to foster capital adequacy, strengthen financial capacity and fundamental factors that drive business growth.

SHB continuously implements many digital transformation projects, modernizing information technology to optimize operation processes, enhance customer experience, increase efficiency in business and develop modern retail banking services and strategies.

In parallel with ensuring prudent and sustainable development, in the first 6 months of 2023, responding to the policies of the Government and the State Bank of Vietnam, SHB continued to implement many interest relief programs and packages to support business recovery. At the end of July, in response to the credit program for forestry and fishery products of the SBV, SHB was one of 12 commercial banks that participated in a credit package of VND 15,000 billion for forestry and fishery enterprises. Other non-financial policies and supports are also promptly and continuously deployed by the Bank to alleviate enterprises’ challenges to better recover.

SHB’s efforts have been highly acknowledged by many international organizations through prestigious awards, affirming SHB’s leading position in Vietnam. Specifically, The Asian Banking and Finance magazine honored SHB in 3 categories: 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). Global Finance magazine awarded SHB ” Best Sustainable Finance Bank in Vietnam in 2023″. FinanceAsia magazine honored SHB as “Vietnam’s Best ESG Impact Bank”… along with many other prestigious awards.

Over the past time, SHB has come under the spotlight in talent acquisition of the Vietnamese banking industry when continuously strengthening the entire management staff by training and appointing many on-site personnel as well as attracting very experienced experts from domestic and international organizations.

SHB’s corporate culture revolves around 6 core cultural values: Heart – Faith – Trustworthiness – Wisdom – Prestige. From HEART, establish FAITH, build TRUSTWORTHINESS, accumulate WISDOM and achieve higher PRESTIGE.

2023 marks 30 years of SHB accompanying and developing with the country. But for SHB, 30 years is not only an even number, but also an important milestone when the whole bank is undergoing a disruptive transformation to realize the 2022-2027 strategic goals, in which SHB soon becomes the most efficient bank, the most favorite digital bank and the leading retail bank in the region.