ANTD.VN - With effective business operations and stable growth in the context of a volatile economy and continuous efforts to diversify products and services for customers, Saigon - Hanoi Bank (SHB) has been honored for 5 consecutive years in the Top 50 best enterprises in Vietnam 2023.
Within the framework of the program of the Announcement Ceremony of the Top 500 Largest Enterprises in Vietnam (VNR500), SHB was honored at the same time in the Top VNR500 and Top 50 Excellent Enterprises in Vietnam, continuing to affirm its reputation and leading position in the market with the criteria of safe, effective, sustainable development, strong financial capacity, good growth rate and being one of the enterprises with positive contributions to the country's socio-economic development in 2023.
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SHB representative received the Certificate of Top 50 Excellent Enterprises in Vietnam. |
By the end of the third quarter of 2023, SHB achieved pre-tax profit of VND 8,509 billion, total assets reached VND 596 trillion, up 8.13% compared to the beginning of the year. Capital mobilization from market 1 reached nearly VND 475 trillion; equity capital according to Basel II reached VND 67,801 billion. SHB's safety, liquidity, and risk management indicators are all better than the regulations of the State Bank. SHB fully complies with the 3 pillars according to Basel II standards and has applied Basel III standards in liquidity risk management since the beginning of 2023.
Also in 2023, SHB issued more than 552 million shares to pay 2022 dividends in shares at a rate of 18%, thereby increasing its charter capital to VND 36,194 billion, ranking in the Top 4 largest private commercial banks in the system.
With strong financial capacity, stable business operations along with core cultural values: Heart - Trust - Faith - Knowledge - Intelligence - Vision, SHB has grown strongly, becoming one of the largest and most prestigious private banks in Vietnam. That success comes from a journey of persistent efforts, dedication, pioneering in facing difficulties and challenges for the benefit of customers, the community, and the economy.
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HSB continues to be honored in the Top 50 best enterprises in Vietnam. |
Experts and the appraisal council assessed SHB as a bank that effectively implemented the allocation of credit capital to serve socio-economic development, including promoting the development of green credit and green banking, contributing to the transformation of the economy towards green growth, increasing the proportion of bank credit invested in renewable energy projects, clean energy, environmental protection, etc. From 2018 to present, SHB's funding balance for green projects has grown by nearly 150%, much higher than the growth rate of total outstanding credit of 70%.
SHB has been strongly implementing closed-chain financing packages, from financing distributors to suppliers, contributing to promoting Vietnamese enterprises to convert projects and loan purposes to environmentally friendly projects, reduce emissions, and meet strict production criteria from large, reputable distributors in the world; thereby enhancing the competitive advantage of Vietnamese enterprises in domestic and international markets.
Actively responding to the policies of the Government and the State Bank and accompanying and supporting customers to overcome difficulties, in the period of 2022 - 2023, SHB has implemented many preferential credit programs with a total limit of up to thousands of billions of VND. Most recently, in November 2023, SHB also reduced the lending interest rate by up to 2%/year for existing customers, including both individual and corporate customers, to share with customers in the context of the economy facing many difficulties.
At the same time, SHB is also one of the banks actively participating in bank-business connection programs chaired by the State Bank, working sessions with business associations to listen to difficulties and problems and find solutions to solve them for customers. In addition, SHB also proactively provides non-financial solutions, supports connecting input and output markets in the business community, provides free consulting and training on corporate finance to ensure a strategy suitable for the current period.
In parallel with business activities, with the philosophy of "integrating social responsibility into business", during 30 years of construction and development, SHB has always actively carried out community responsibility with a series of practical and meaningful social security programs such as: supporting people affected by floods, natural disasters, epidemics, supporting hunger eradication and poverty reduction, supporting the development of education, health care, public infrastructure, ... with a budget of tens of billions of VND each year.
With its practical contributions to the country's socio-economic development, SHB has been awarded many noble awards by the Party and the State: Second-class Labor Medal, Third-class Labor Medal... and many prestigious domestic and international awards. SHB is currently in the Top 4 largest private commercial banks in Vietnam, Top 10 most prestigious commercial banks in Vietnam, Top 50 most outstanding enterprises in Vietnam, Top 100 banks in the ASEAN region, Top 500 banks with the largest brand value globally and is one of the 10 credit institutions with important influence in the Vietnamese banking system.
The Top 50 Outstanding Vietnamese Enterprises brings together "leading" enterprises with large scale, financial potential and modern management and technology, pioneering in a number of important industries and fields such as: Energy, information technology, telecommunications, finance - banking, real estate... These enterprises are at the forefront of applying, innovating, creating and developing science - technology, bringing digital transformation into production and business activities and growing strongly, supporting the economy to overcome difficulties in 2023. In the banking sector, the presence of large financial institutions shows that the business activities of the vital sector of the economy continue to be stable, operate safely and sustainably, accompanying and sharing difficulties with businesses and people.
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