SHB was honored as “Best Sustainable Financing Bank for SME Enterprises”

With sustainable financial solutions and diverse digital products/services for small and medium enterprises, SHB was honored as “Best Sustainable Finance Bank for SMEs”. Alpha Southeast Asia magazine honored Saigon - Hanoi Bank (HoSE: SHB) with the award “Best Sustainable Finance Bank for SMEs”. As one of the four largest private commercial banks in the country, SHB always accompanies and supports businesses and people throughout the development journey, performing well the important role as a capital channel for the economy in general and providing sustainable financial solutions, preferential interest rate credit packages to SMEs in particular. The bank affirms its reputation and position in the international market, being a trusted partner of many financial institutions such as WB, IFC, ADB... in cooperation to bring credit flows to clean energy projects, “green” projects and SMEs, women-owned enterprises. One of SHB’s recent highlights is the signing of a $120 million credit agreement with the International Finance Corporation (IFC). This loan will help SHB develop its SME lending portfolio, including women-owned businesses and businesses with supply chains. At the same time, IFC will support and advise SHB in developing a business development strategy, contributing to improving governance and risk management capacity according to international standards. In the project "Support to mitigate the impact of COVID-19 for women-owned businesses" funded by ADB, SHB is the leading bank among 5 participating banks. SHB also provides credit for the Hanh Phuc Rice Factory project - a factory that applies advanced technology with low emissions, contributing to environmental protection and improving the quality of Vietnam's exported rice products. In the context of economic recovery, SMEs are one of the customer groups that need capital support to gradually overcome difficulties and expand their scale. SHB has implemented many loan packages with attractive interest rate policies worth tens of thousands of billions of VND such as: 11,000 billion VND preferential interest rate package for SMEs to serve production and business, car purchase; short-term preferential interest rate loan package worth 5,000 billion VND to finance working capital needs; 1,000 billion VND preferential medium and long-term interest rate loan package; 50 million USD preferential interest rates for import-export enterprises, interest rates from only 4.5%/year... SHB representative shared: The award "Best sustainable financing bank for SMEs" is a recognition and trust from domestic enterprises as well as international organizations with SHB. The bank will continue to be a trusted companion, providing modern and optimal financial solutions suitable to the needs of customers, helping SMEs in particular and businesses in general to develop." In order to help customers access capital more easily, SHB is promoting digital transformation, reforming, simplifying internal processes and procedures, shortening loan approval time; diversifying credit products suitable for customers' capital usage purposes. The bank also actively participates in bank-business connection programs, directly meeting customers to listen and jointly propose solutions to overcome difficulties, creating favorable conditions for customers to access capital for production and business. In addition, SHB proactively provides non-financial solutions, supports connecting input and output markets in the business community, conducts consulting and training on corporate finance to ensure a strategy suitable for the current stage. At the same time, SHB provides a variety of convenient digital services/solutions for businesses and administrative units such as: collection services via SLINK identified accounts, trade finance services, collection services, salary payments, etc. With cooperation activities, credit policies and solutions/products to support businesses in general and SMEs in particular, SHB has been honored by prestigious domestic and international organizations at many awards such as: "Best Micro SME Bank in Vietnam" voted by Alpha Southest Asia; “Best SME Bank in Vietnam” honored by Finance Asia Magazine… SHB was ranked 137th by Fortune Magazine in the list of 500 largest financial groups and enterprises in Southeast Asia (Fortune Southeast Asia 500 – Fortune SEA 500) and 17th among financial institutions and enterprises in Vietnam. The post SHB was honored as “Best Sustainable Financing Bank for SMEs” appeared first on SHB Bank. Source: http://www.shb.com.vn/shb-duoc-vinh-danh-ngan-hang-tai-tro-ben-vung-tot-nhat-danh-cho-doanh-nghiep-sme/