After nine months,SHB 's cumulative pre-tax profit reached VND 9,048 billion, achieving 80% of the 2024 plan. Besides developing its business activities, the bank actively participates in social welfare activities, supporting the poor and eliminating temporary housing in accordance with the Government's policy, contributing to the socio-economic development of the country.
SHB General Director Ngo Thu Ha, representing SHB bank, handed over the school building project in Tua Chua district, Dien Bien province.
Saigon - Hanoi Bank (SHB, HoSE: SHB) has just announced its consolidated financial report for the third quarter of 2024, with cumulative pre-tax profit reaching VND 9,048 billion, achieving 80% of the annual plan. As of September 30, 2024, total assets stood at VND 688,387 billion, an increase of 9.2% compared to the end of 2023. Outstanding loans reached VND 495,420 billion. SHB's business performance indicators remain among the top in the industry... Since the beginning of the year, SHB has implemented many credit programs with preferential interest rates for individual customers totaling VND 43,000 billion with interest rates starting from 5.79%/year and for corporate customers totaling VND 16,000 billion with interest rates starting from 4.8%/year. In addition, the bank proactively provides interest-subsidized credit packages to help individual and business customers recover production and stabilize after natural disasters. For example, SHB announced a VND 2,000 billion loan package with an interest rate of only 4.5%/year for individual and business customers affected by Typhoon Yagi, along with an average 50% reduction/waiving of interest payments for the last four months of 2024. These credit programs are designed to suit each sector, industry, and customer group, thereby facilitating access to credit for businesses and individuals, stabilizing their lives, and promoting recovery and business development.
Responding to the Prime Minister's call, SHB donated 100 billion VND to Soc Trang province as part of the nationwide campaign to eliminate temporary and dilapidated houses for poor and near-poor households - "A warm home for my people".
SHB is consistent with its orientation towards sustainable, safe, and efficient development, continuously improving its governance capacity according to international standards and modern models. Its minimum capital adequacy ratio (CAR) is over 11.8%, higher than the State Bank of Vietnam's regulations, significantly contributing to ensuring safety and maintaining sustainable stability for the banking industry. In addition, the bank continues to strictly control credit quality, accelerate debt resolution and recovery of overdue debts, and work alongside customers to overcome difficulties and gradually recover. By applying leading technologies such as artificial intelligence (AI), big data, and machine learning, SHB is digitizing its internal processes and customer products and services. The proportion of transactions through digital channels and online platforms is continuously increasing, ranking among the top in the industry. To date, 90% of key banking operations can be fully conducted through digital channels. Simultaneously, 92% of transactions for both corporate and individual customers are conducted entirely through mobile banking and internet banking channels. Alongside its business activities, SHB proactively collaborates with local authorities and the people to effectively implement social welfare programs. Responding to the Prime Minister's call, SHB donated 100 billion VND to Soc Trang province as part of the nationwide campaign to eliminate temporary and dilapidated housing for poor and near-poor households – "A Warm Home for My People". In addition to financial policies tailored to customers, individuals, and businesses affected by Typhoon Yagi, SHB, in partnership with T&T Group, SHS Securities Company, and VinaWind Company, allocated 23.5 billion VND to support those affected by the storm and floods. The bank has also proactively implemented many practical activities to support localities in all essential aspects of life such as healthcare, culture, and education . It is estimated that SHB has contributed 150 billion VND to social welfare activities and interest rate reductions for customers, supporting people affected by storms and floods. SHB has also actively contributed to sponsoring school construction and infrastructure investment to create the best conditions for children in mountainous areas to study. In mid-October, SHB, in coordination with the Vietnam Buddhist Association and the People's Committees of Tủa Chùa and Điện Biên Đông districts, Điện Biên province, inaugurated two classroom buildings for ethnic minority boarding primary schools in the province, sponsored by SHB with a total value of 12.5 billion VND.| Originating from the heart, SHB always aspires to accompany, create, and spread positive values to the Vietnamese people, and together with the country, enter a new era. In the 2024-2028 period, SHB is focusing its resources on implementing a strong and comprehensive transformation strategy based on four pillars: Reforming mechanisms, policies, regulations, and processes; People as the main actors; Customer and market-centric approach; Modernizing information technology and digital transformation; and steadfastly adhering to six core cultural values: "Heart – Trust – Confidence – Knowledge – Wisdom – Vision". SHB's strategic goal is to become the TOP 1 bank in efficiency; the most preferred digital bank; the best retail bank; and a TOP bank providing capital, financial products, and services to strategic private and state-owned corporate clients, with a green supply chain, value chain, ecosystem, and development. |
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