After changing its name, Sacombank changed its seal design.

Sacombank 's current headquarters. Photo: STB .

On June 1st, Sacombank (HoSE: STB), a commercial joint-stock bank, officially announced that it had received permission from the State Bank of Vietnam to change its name to Saigon Tai Loc Commercial Joint Stock Bank. Following this name change, the bank also announced a redesign of its corporate seal.

The new seal is designed in a circular shape, with the upper part of the border engraved with the bank's new trade name, "SAIGON TAI LOC COMMERCIAL JOINT STOCK BANK," and the lower part displaying the English abbreviation "SACOMBANK" followed by the name of the branch or transaction office, depending on the user.

The new Sacombank seal. Photo: STB.

In addition to the latest change related to the aforementioned seal design, Sacombank is also undergoing a series of major changes, marking a new phase of transformation for the bank, from its name, logo, brand identity to its brand ambassador...

These changes occurred when Sacombank appointed Mr. Nguyen Duc Thuy to its leadership team, currently serving as the Permanent Vice Chairman of the Board of Directors. Mr. Thuy is known for his "changing the look of a bank to change its fortune" model. A prime example is LPBank , which under his leadership also saw a series of changes from its name and brand identity to its business structure.

At Sacombank, Mr. Thuy is also implementing a strong restructuring. This includes streamlining the bank's business structure from 12 business units to 9, and shifting the personnel structure towards strengthening the sales force.

Regarding its business plan, Sacombank aims for a pre-tax profit of VND 8,100 billion in 2026, a 6% increase compared to 2025. Also this year, the bank plans to increase total assets by 10%, bringing the total asset size to over VND 1 trillion . Loan outstanding by the end of the year is expected to reach VND 699,400 billion (+12%) or according to the credit growth limit assigned by the State Bank of Vietnam (SBV); total deposits are expected to reach VND 921,300 billion (+10%); and the non-performing loan ratio is expected to decrease to below 5%.

Notably, despite numerous changes in its business operations, STB's share price on the stock market has reacted positively to these changes. At one point, STB's share price surpassed 76,000 VND/share, its historical peak since listing. Currently, STB's share price fluctuates around 67,000 VND/share, 15% higher than at the beginning of the year.