ANTD.VN - On December 15, 2023, Saigon - Hanoi Bank (SHB) was honored by the Ho Chi Minh City Stock Exchange (HOSE) in the Top 10 Enterprises with the Best Annual Reports in the Finance sector. This is the third time SHB has received the award, once again affirming the bank's stature, reputation and transparency.
The Vietnam Listed Enterprises Awards (VLCA) is the most prestigious award for listed enterprises organized by HOSE, Hanoi Stock Exchange (HNX), Dragon Capital Fund and Investment Newspaper with the participation of reviewers from the International Finance Corporation (IFC) and the Association of Chartered Certified Accountants (ACCA) and 4 leading auditing companies: Deloitte, Ernst & Young, KPMG, PwC to ensure accuracy, objectivity and expertise in the selection process.
VLCA 2023 includes many rounds of independent scoring and evaluation with nearly 1,000 listed enterprises to honor business units with transparent operations and responsibility to shareholders and customers.
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SHB representative received the Award from the Organizing Committee. |
In the preliminary round, the reports of enterprises were scored in detail for each category with 106 criteria. After that, the reports continued to be reviewed and cross-scored by 4 auditing companies before reaching a consensus on the score of each unit. The criteria for scoring annual reports are also implemented according to Circular 96/2020/TT-BTC guiding information disclosure on the stock market. Notably, 2023 is the third year that contents related to greenhouse gas emission reduction are included in the criteria.
In the final round, from 116 enterprises with the best annual reports, the Voting Council from the State Securities Commission, HOSE, HNX, Vietnam Securities Depository (VSD), IFC, Investment Newspaper and independent experts voted to select the most excellent enterprises.
SHB's 2022 Annual Report with the theme "30 years of development with the country" was highly appreciated by the Organizing Committee, meeting all strict criteria on content and form. The award is a recognition of SHB's outstanding efforts in conveying transparent Annual Report information and corporate governance according to best practices on sustainable development, in order to improve operational efficiency, while bringing the best benefits to customers, shareholders, investors, partners, the community and the bank.
With a capitalization of over 40 trillion VND, SHB is a stock in the VN30 basket (bluechip stocks) - a group of stocks of enterprises with large capitalization in the market, holding a leading position in the industry/field, with growth potential and sustainable business operations.
Over 30 years of construction and development, SHB has continuously strived to improve its capacity towards the best standards and practices in governance and operation; pioneered and been a typical example in investment activities, technology development, digital transformation in governance and business activities, and at the same time, actively contributed to social security and sustainable development of the environment and society.
Currently, SHB is a bank in the Top 4 joint stock commercial banks with the largest charter capital and a private bank with the highest growth in green credit and rural agriculture. In the period 2013-2023, SHB is in the group of banks with the most sustainable growth rate, with total assets increasing more than 2 times and charter capital increasing 3 times.
As of September 30, 2023, SHB's 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; Outstanding credit balance reached VND 430 trillion; Equity capital according to Basel II reached VND 67,801 billion. In the third quarter of 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. SHB's safety, liquidity, and risk management indicators all comply with and are better than the regulations of the State Bank. SHB has fully complied with the 3 pillars according to Basel II standards and since the beginning of 2023, SHB has applied Basel III standards in liquidity risk management.
This award is a recognition of SHB's outstanding efforts in communicating transparent annual reports and corporate governance according to best practices in sustainable development, in order to improve operational efficiency and bring the best benefits to customers, shareholders, investors, partners, the community and the bank. Building on the solid foundations, in the coming period, SHB will continue to grow strongly, reaching new heights to create a sustainable and prosperous future.
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