Illustration photo. (Source: doanhnghiepvn.vn)

The Saigon-Hanoi Commercial Joint Stock Bank (SHB) was presented with the “Best Small and Medium Enterprises (SMEs) Bank in Vietnam 2015” award at a recent ceremony held by the Alpha Southeast Asia magazine to honour the best financial institutions in Southeast Asia.

It was one of the ten prizes lavished on Vietnamese financial organisations by the magazine this year.

Criteria for the award included the bank’s financial capacity, business results and quality of products and services – especially policies, preferences and solutions supporting small and medium enterprises.

Earlier, the bank was awarded “Best SME Bank” and “Best Customer Service Bank” in Vietnam in 2015 by the Global Banking Finance Review, a prestigious online magazine in the UK.

By the end of the fiscal year 2014, the SHB had a charter capital of 9 trillion VND (400 million USD), total assets of 169 trillion VND (7.52 billion USD), pre-tax income of over 1 trillion VND (44.5 million USD) and more than 400 branches and transaction points in 50 cities and provinces nationwide and five branches overseas in Laos and Cambodia.-VNA