With a solid foundation and cultural depth, steadfast in the direction of sustainable, safe and effective development, continuously improving management capacity according to international standards and modern models, in the first time Fortune SEA 500 was announced, SHB ranked 137th among the organizations with the largest revenue in Southeast Asia.
On June 18, Fortune Magazine announced for the first time the list of the 500 largest financial groups and enterprises in Southeast Asia by revenue (Fortune Southeast Asia 500 - Fortune SEA 500). Saigon - Hanoi Bank (SHB) ranked 137th in Southeast Asia and 17th among Vietnamese financial institutions and enterprises on the list.
In Vietnam, SHB is in the TOP 4 largest private commercial banks in the country with a solid financial foundation and leading effective business strategy. SHB shares belong to VN30 - the group of stocks with leading capitalization and high liquidity on the stock market.
As of March 31, 2024, SHB's total assets exceeded VND 621,000 billion, charter capital reached VND 36,194 billion; capital mobilized from economic organizations and individuals was over VND 481,800 billion; outstanding credit balance was over VND 452,800 billion.
SHB's pre-tax profit reached VND4,017 billion in the first quarter of 2024, up 11% over the same period in 2023, achieving 35% of the annual plan. This is the highest first quarter profit in SHB's history. The strong and comprehensive transformation strategy helps the Bank optimize operational processes, improve productivity, and bring the cost-to-income ratio (CIR) to the lowest in the industry.
Affirming its position as a leading financial institution, SHB implements strict risk management policies. Capital adequacy ratios and risk management always comply better with the regulations of the State Bank, liquidity risk management according to Basel II and Basel III standards.
At the end of April, SHB was maintained with a B1 credit rating by international credit rating agency Moody's, demonstrating that the efficiency, safety and sustainability of the Bank's business operations continue to be consolidated in the context of a volatile market.
With a solid foundation and cultural depth, steadfast in the direction of sustainable, safe and effective development, continuously improving management capacity according to international standards and modern models, SHB is continuing its journey of Innovation - Responsibility - Efficiency, affirming its position as a leading financial institution, reaching regional and international levels. Appearing in the Fortune SEA 500 list is a clear demonstration of SHB's stature in the market.
In the first half of 2024, SHB continuously won important awards from prestigious domestic and international organizations such as: "Bank with the most positive ESG impact in Vietnam" (Biggest ESG Impact - Banks in Vietnam); "Best SME Bank in Vietnam" (Best Commercial Bank - SME in Vietnam) and "Bank with the most Diverse, Equitable & Inclusive (DEI) working environment in Vietnam" (Most DEI Progressive - Banks in Vietnam); "Bank with the best sustainable financing activities" in 2024...
The Bank's products/services also made a special mark when helping SHB become the first bank in Vietnam to win the double Digital CX Awards 2024 in 2 categories: Outstanding Digital CX - Cash Management Platform for the Slink Account Collection Service product and Best Technology Implementation for Digital CX with the ACAS Automated Credit Approval System solution.
SHB representative shared: “Appearing at 137th place in the Fortune SEA 500 list and the awards SHB has achieved in the past time once again affirms the Bank's position in the regional and international markets. These marks are the result of the right and clear strategy from the Bank's Board of Directors with a long-term orientation, always different and suitable for each stage. Currently, the Bank is implementing strong and comprehensive changes according to the Transformation Strategy 2024-2028 based on 4 pillars and 6 core cultural values to achieve the goal of strong breakthroughs".
In the period of 2024-2028, SHB is focusing resources to implement a strong and comprehensive Transformation Strategy based on 4 pillars: Reforming mechanisms, policies, regulations, and processes; People are the subject; Taking customers and markets as the center; Modernizing information technology and digital transformation and steadfastly following 6 core cultural values "Heart - Trust - Faith - Knowledge - Intelligence - Vision".
The Bank sets a strategic goal of becoming the TOP 1 Bank in terms of efficiency; the most favorite Digital Bank; the best Retail Bank and at the same time the TOP Bank providing capital, financial products and services to strategic private and state enterprise customers, with a supply chain, value chain, ecosystem, and green development.
SHB will continue to accompany the community and society in environmental protection activities, contributing to green growth, developing the green economy and circular economy of the country, responding to the Government's Renewable Energy Development Strategy to 2050, participating in social charity work, the poor, people in difficult circumstances...
PV
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