In 2023, SHB celebrates its 30th anniversary with many positive operating milestones, continuous strong investment and comprehensive transformation in all activities to consolidate a solid foundation for a new growth phase.
At the same time, the bank always actively accompanies and shares with customers and the community through many practical and timely support activities.
As of December 31, 2023, SHB's total assets reached VND 630 trillion; Capital mobilization from market 1 reached VND 497 trillion; Equity capital according to Basel II reached VND 70.3 trillion; Charter capital reached VND 36,194 billion, continuing to maintain its position in the Top 4 largest private commercial banks in the system.
SHB's outstanding credit balance reached VND 455 trillion, up 17.1% compared to the end of 2022; focusing on production and business sectors, priority sectors according to the policies of the Government and the State Bank, sectors that are the growth drivers of the economy such as: rural agriculture, export, manufacturing and processing industry, construction and installation, infrastructure, consumption, etc.
Net operating income reached VND 20,523 billion, up 20% compared to 2022. Pre-tax profit reached VND 9,245 billion. Stable business performance, SHB's ROE, NIM... indicators are all good with good growth, especially the CIR index reached 23%.
SHB has consistently been at the top of the group of banks with the best cost control for many consecutive quarters. The increase in risk provisioning costs compared to 2022 has helped SHB continue to improve its risk provisioning buffer to 75%.
In the context of a difficult and challenging domestic and international market, SHB always puts the common interests and sustainable development of the country and community first, taking social responsibility as the guiding principle in all activities.
As a pioneer bank and actively responding to the policies of the Government and the State Bank, SHB always accompanies businesses and people even in the most difficult times with practical and timely actions.
In addition to efforts to reduce costs, SHB has implemented many preferential credit programs worth tens of thousands of billions of VND for new customers and interest rate reductions for existing customers.
The total amount of interest reduced for customers is up to more than 2,800 billion VND. Other non-financial policies and supports are also promptly and continuously implemented by the Bank to help businesses overcome difficulties to maintain, stabilize and restore growth.
SHB's business results are achieved in parallel with the implementation of strict risk management policies. SHB's safety and risk management indicators are better than the regulations of the State Bank, complying with Basel II and Basel III standards in liquidity risk management.
2023 also marked a strong and comprehensive transformation of SHB towards a modern standard banking model in the future. In particular, digital transformation with a clear development strategy and orientation has achieved positive results, helping SHB achieve good growth in customers and transactions.
SHB has built many digital products, bringing new "online" features such as: SHB Corporate Mobile mobile application for corporate customers helps entrepreneurs manage proactively anytime, anywhere; SHB SAHA app integrates nearly 40 new features, bringing new and different experiences for corporate customers; online foreign currency sales feature;...
In operations, SHB continuously automates many internal processes to serve management, including applying digital technology to management activities, enhancing risk management, applying artificial intelligence to support business...
To date, at SHB, 90% of key banking operations can be performed entirely on digital channels, exceeding the target of the Banking Industry's Digital Transformation Plan to 2025. At the same time, 90% of transactions of corporate and individual customers are performed entirely through digital channels such as Mobile banking and Internet banking.
Last year, SHB opened 5 more branches and 25 transaction offices, bringing the total number of domestic and international transaction points to 569.
SHB's extensive network has been promptly meeting the financial transaction needs of all customers, connecting economic sectors, creating jobs for many workers, contributing to the construction of innovative and developed provinces and cities, especially in mountainous and rural areas, and directly contributing to the state budget in localities.
With a sustainable development strategy, increasing financial capacity and fundamental factors, thereby promoting business activities in key segments, in 2023, SHB completed the transfer of 50% of SHBFinance's equity to Ayudhya Public Company Limited (Krungsri) of Thailand; at the same time, accompanying international financial institutions: WB, IFC, ADB, KfW... to implement billion-dollar projects, including signing a Credit Contract with IFC with a loan package worth 120 million USD.
2023 is a special year for SHB as the bank celebrates 30 years of development, accompanying the country with a series of activities spreading strong orange color from within to customers and the community.
SHB has been honored to receive the Third Class Labor Medal from the Party and State, and many important awards from prestigious domestic and international organizations such as: Best Trade Finance Bank in Vietnam, Bank with the Best ESG Impact in Vietnam, Outstanding Bank for the Community, Best Workplace in Asia, etc.
This is a very valuable recognition from the Party, State and community for SHB's positive contributions to the country's socio-economic development.
With a humanistic cultural tradition and core cultural values of “Heart - Trust - Faith - Knowledge - Intelligence - Vision”, strong financial capacity, large network of operations, modern banking technology and high-quality human resources, SHB has created a solid foundation to overcome common difficulties and is ready to develop strongly in the new period.
Bao Anh
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