SHB was honored as one of the Top 10 companies with the best annual reports.

ANTD.VN - On December 15, 2023, Saigon - Hanoi Bank (SHB ) was honored by the Ho Chi Minh City Stock Exchange (HOSE) as one of the Top 10 Companies with the Best Annual Reports in the Financial Sector. This is the third time SHB has received this award, once again affirming the bank's stature, reputation, and transparency.

The Vietnam Listed Companies Award (VLCA) is the most prestigious award for listed companies, jointly organized by HOSE, the Hanoi Stock Exchange (HNX), Dragon Capital Fund, and Investment Newspaper. It is reviewed by the International Finance Corporation (IFC) and the Association of Chartered Certified Accountants (ACCA), along with four leading auditing firms: Deloitte, Ernst & Young, KPMG, and PwC, to ensure accuracy, objectivity, and thoroughness in the selection process.

VLCA 2023 includes multiple rounds of independent scoring and evaluation of nearly 1000 listed companies to honor businesses that operate transparently and responsibly towards shareholders and customers.

Đại diện SHB nhận Giải thưởng từ Ban tổ chức.

A representative from SHB receives the award from the organizing committee.

In the preliminary round, the companies' reports were scored in detail according to each category with 106 criteria. Subsequently, the reports were further reviewed and cross-checked by four auditing firms before reaching a consensus on the scores for each entity. The criteria for evaluating annual reports were also implemented according to Circular 96/2020/TT-BTC guiding the disclosure of information on the securities market. Notably, 2023 marks the third year that content related to reducing greenhouse gas emissions has been included in the criteria.

In the final round, from 116 companies with the best annual reports, the Selection Committee, comprising representatives from the State Securities Commission, HOSE, HNX, Vietnam Securities Depository (VSD), IFC, Investment Newspaper, and independent experts, voted to select the most outstanding companies.

SHB's 2022 Annual Report, themed "30 Years of Development with the Nation," was highly praised by the Organizing Committee, meeting all stringent criteria regarding content and format. The award recognizes SHB's outstanding efforts in transparently communicating its Annual Report information and practicing corporate governance according to best practices for sustainable development, aiming to improve operational efficiency while maximizing benefits for customers, shareholders, investors, partners, the community, and the bank.

With a market capitalization exceeding 40 trillion VND, SHB is a stock included in the VN30 index (blue-chip stocks) - a group of stocks representing large-capitalization companies in their respective industries/sectors, with growth potential and sustainable business operations.

Over 30 years of establishment and development, SHB has continuously strived to improve and enhance its capabilities towards the best standards and practices in governance and management; pioneering and leading in investment, technology development, and digital transformation in management and business operations, while also making positive contributions to social welfare and sustainable environmental and social development.

Currently, SHB is among the top 4 joint-stock commercial banks with the largest charter capital and the private bank with the highest growth in green and agricultural/ rural loan balances. Between 2013 and 2023, SHB was among the banks with the most sustainable growth rate, with total assets increasing by more than double and charter capital increasing by three times.

As of September 30, 2023, SHB's total assets reached VND 596 trillion, an increase of 8.13% compared to the beginning of the year; Market 1 deposits reached nearly VND 475 trillion; outstanding loans reached VND 430 trillion; and equity capital according to Basel II reached VND 67,801 billion. In the third quarter of 2023, SHB issued over 552 million shares as a stock dividend for 2022 at a rate of 18%, thereby increasing its charter capital to VND 36,194 billion, ranking among the top 4 largest private commercial banks in the system. SHB's safety, liquidity, and risk management indicators all comply with and exceed the regulations of the State Bank of Vietnam. SHB has fully complied with the three pillars of Basel II standards and, since the beginning of 2023, has implemented Basel III standards in liquidity risk management.

This award recognizes SHB's outstanding efforts in transparently disseminating annual reports and practicing corporate governance according to best practices in sustainable development, aiming to improve operational efficiency while delivering the best benefits to customers, shareholders, investors, partners, the community, and the bank. Building on this solid foundation, SHB will continue to develop strongly in the coming period, reaching new heights to create a sustainable and prosperous future.

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