The Saigon Hanoi Commercial Joint Stock Bank (SHB) is the only representative in Vietnam to receive the Bizz – Business Excellence Award 2018. (Photo: VNA) Hanoi (VNA) – The Saigon HanoiCommercial Joint Stock Bank (SHB) has been selected by the World Confederationof Business (Worldcob) as the only representative in Vietnam to receive the Bizz– Business Excellence Award 2018.
The Bizz honours outstanding businesses andentrepreneurs in 120 countries around the world.
To win the award, businesses must meet a numberof strict requirements pertaining to leadership, management systems, quality inproducts and services, innovation and creativity, corporate socialresponsibility, and results obtained.
The annual award ceremony is held in European,Asian and American cities.
In 2018, Worldcob conducted a survey ofVietnamese enterprises and selected SHB as the only business to be awarded.
SHB General DirectorNguyen Van Le said the Bizz award recognised the bank’s efforts over the pastyears to bring the best products and services to customers, partners andshareholders.
At the same time, it affirms the firm positionof SHB in Vietnam’s financial market and reach further in the global arena, headded.
Established in 1993, SHB is one of the fivelargest private banks in Vietnam.
In the first quarter of 2018, its total assetsexceeded 286.9 trillion VND (12.6 billion USD), including more than 12 trillionVND (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 a number ofprestigious domestic and international awards including Home Loan Product ofthe Year, Auto Loan Product of the Year, and Credit Card Initiative of the Yearby the Asian Banking & Finance magazine.
Most recently, SHB has won the Best Bank awardin Vietnam 2018 from the US Global Finance magazine. The annual award wasevaluated based on the growth of financial indicators such as total assets andprofit, quality of products and customer services and technologicaldevelopment.-VNA
VNA
