Bang Seong-bin, Chairman of the Board of Directors and CEO of Busan Bank, and Ngo Thu Ha, CEO of SHB exchanged the MoU. — Photo courtesy of SHB Under thisMoU, SHB and Busan Bank would take full advantage of each bank’s potentialcustomers; SHB’s reputation, market position and local market insight; and thestrong finance, and extensive RoK and global business network of Busan Bank andBNK Financial Group.
The twobanks will explore potential investment opportunities in corporate bonds,especially green bonds distributed by SHB, to diversify revenue streams andprovide more sustainable financial solutions for their customers.
SHB andBusan Bank will also focus on loans to corporate customers, investment bankingdeals and related services. Busan Bank and BNK Financial Group express keeninterest in the possibility of syndicated loans in energy, agriculture,manufacturing and asset management. Cooperation between SHB and Busan Bankpromises to attract more capital from the RoK and international markets.
In addition,the two banks placed great emphasis on promoting digital banking initiativesrelated to information security, omni-channel sales, digital transactioncounters, data warehouse, and enhanced digital customer experiences as digitalbanking plays a pivotal role in both banks’ strategic goals.
Do Quang Hien,Chairman of the Board of Directors of SHB, said: “Putting customers at thecentre, SHB’s mission is to connect local and international businesses, andentrepreneurs. In the spirit of cooperation and mutual trust, SHB and BusanBank will promote cooperation and trade among small and medium-sizedenterprises of the two countries, delivering benefits to the two banks whilecontributing to the development of trade between Vietnam and the Republic ofKorea.”
Ngo Thu Ha,CEO of SHB, said that expanding cooperation with Busan Bank, one of the leadingand long-standing banks in the RoK, would help SHB better serve Koreaninvestors and businesses that are and will do business in Vietnam. Signing thisMoU with Busan Bank demonstrates a new development mark, enhancing SHB’scompetitive edge and affirming its reputation both in the domestic andinternational financial markets.
“We believethat with a long history, strong and stable financial potential, SHB and BusanBank will share experiences and support each other in many fields such asgrowing corporate customers, sharing information technology expertise,developing digital banking services, enhancing competitiveness and providingcustomers of both sides with products and services of international standards,”she added.
Withappreciation for Vietnam and SHB, Bang Seong-bin, Chairman of the Board ofDirectors and CEO of Busan Bank, said: “As great President Ho Chi Minh said‘Unchanged principles can handle any changes’, I hope that SHB and Busan Bank,with their unwavering belief, will be able to handle all changes and becomelong-lasting business partners. In the coming time, Busan Bank will continue toexpand investment and support for SHB in particular and Vietnam in general.”
Collaborationbetween SHB and Busan Bank in the coming time is expected to set a role modelfor extensive cooperation between financial institutions of Vietnam and the RoK,contributing to comprehensive financial services distribution channels andbringing more added values to customers of both parties. At the same time, thiscooperation will positively affect Vietnamese finance and banking markets, aswell as the wave of investment into the Vietnamese market.
With thedesire to bring diversified and outstanding financial products and solutions tocustomers, SHB has cooperated with many global organisations and businesses, aswell as being partners of many international organisations such as the WorldBank, ADB, IFC, KfW and JICA to implement projects worth billions of dollars onthe journey to becoming the top bank in terms of efficiency and technologyamong commercial banks in Vietnam by 2027 and in vision 2035 of becoming theleading regional retail bank./.
VNA
