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SHB honoured as Best Bank in Vietnam

The Saigon Hanoi Commercial Joint Stock Bank (SHB) has won the Best Bank award in Vietnam 2018 from the US Global Finance magazine.
SHB honoured as Best Bank in Vietnam ảnh 1Transaction at SHB (Source: internet)

Hanoi (VNA) – The Saigon HanoiCommercial Joint Stock Bank (SHB) has won the Best Bank award in Vietnam 2018from the US Global Finance magazine.

The annual award was evaluated based on thegrowth of financial indicators such as total assets and profit, quality ofproducts and customer services and technological development.

Established in 1993, SHB is one of the fivelargest private banks in Vietnam.

In the first quarter of 2018, its total assets exceeded286.9 trillion VND (12.6 billion USD), including more than 12 trillion VND(527.4 million USD) of charter capital and 18.8 trillion VND (826.2 millionUSD) of equity capital.

The bank mobilised 264 trillion VND (11.6billion USD) of capital in January-April.

The loan outstanding balance reached 202.5trillion VND (8.9 billion USD), a year-on-year rise of 2 percent.

SHB posted a pre-tax profit of more than 500billion VND (21.9 million USD), up 63.5 percent against the same period lastyear.

Over the years, SHB has won many internationalawards including “Best Trade Finance Bank” and “Best Internet Bank” from the UKInternational Finance Magazine, “Best Domestic Bank” from the Asset, “BestInformation Security Bank” from the International Data Group and “Best SMEBank” from Alpha Sea, among others.-VNA
VNA
#Saigon Hanoi Commercial Joint Stock Bank (SHB) #Best Bank award #US Global Finance magazine #financial indicators #customer services #technological development #loan outstanding balance #vietnamplus #Vietnam News Agency
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