Transaction at SHB (Source: internet)

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

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

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

In the first quarter of 2018, its total assets exceeded 286.9 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 million USD) of equity capital.

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

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

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

Over the years, SHB has won many international awards including “Best Trade Finance Bank” and “Best Internet Bank” from the UK International Finance Magazine, “Best Domestic Bank” from the Asset, “Best Information Security Bank” from the International Data Group and “Best SME Bank” from Alpha Sea, among others.-VNA