SACOMBANK changes its name effective June 1st.

(NLĐO) - On June 1st, the State Bank of Vietnam issued a decision approving the renaming of Saigon Thuong Tin Bank to Saigon Tai Loc Bank (SACOMBANK).

The bank affirmed that the name change would not affect its business operations or the legitimate rights and interests of its customers, shareholders, and partners. Previously, the plan to change the trade name was approved by the SACOMBANK General Shareholders' Meeting on April 22nd.

According to the bank's representative, the change in brand name not only inherits the brand values ​​built over the past 30 years but also reflects the development direction in the new phase.

In this name, "Saigon" symbolizes dynamism, pioneering spirit, and integration – the origin of the brand; "Tai" represents strong financial capacity and professionalism in operations; and "Loc" signifies prosperity and sustainable development.

According to SACOMBANK, the new name reflects the aspiration for cautious and efficient growth, while also aiming to optimize benefits for shareholders, customers, and partners.

According to SACOMBANK, the new name not only inherits the brand values ​​but also encapsulates the bank's development direction in the new phase.

Established in 1991, SACOMBANK is one of the pioneering joint-stock commercial banks in Vietnam, gradually expanding its scale of operations, transaction network, and competitiveness, aiming towards a modern retail banking model.

2026 marks a new phase of transformation for SACOMBANK as the bank simultaneously strengthens its senior leadership team, implements numerous restructuring programs, and improves its operational safety indicators. In addition, the bank is also changing its logo and brand identity, and announcing a new brand ambassador.

This name change is seen as the next step in the brand repositioning strategy, preparing for long-term development in the context of the banking industry entering a cycle of intense competition and transformation.

Source: https://nld.com.vn/sacombank-doi-ten-moi-tu-1-6-196260601155509231.htm