SHB achieved positive business results and met safety indicators.

Báo An ninh Thủ đô•29/10/2023

ANTD.VN - Saigon - Hanoi Bank (SHB ) has just announced its consolidated financial report for the third quarter of 2023, with pre-tax profit reaching 80% of the target set by the General Shareholders' Meeting.

The bank's total assets reached VND 596 trillion, an increase of 8.13% compared to the beginning of the year; Market 1 capital mobilization reached nearly VND 475 trillion; and equity capital according to Basel II reached VND 67,801 billion.

In line with the Government and State Bank of Vietnam's policy of increasing access to credit for the people, since the beginning of 2023, SHB has intensified its lending to production and business sectors and priority development areas such as agriculture and rural areas, small and medium-sized enterprises, supporting industries, infrastructure, and supply chain financing. As of September 30, 2023, SHB's outstanding credit balance reached VND 430 trillion, an increase of 10% compared to the end of 2022.

Always supporting businesses and individuals, SHB has implemented numerous credit programs such as reducing loan interest rates by 1%-3%, offering preferential credit limits, and streamlining procedures and processes for credit granting. The scale of these preferential packages amounts to tens of trillions of VND, dành for both existing and new customers across various sectors and industries of the economy , as well as loyal customers who utilize many of SHB's services.

SHB hoàn thành 80% kế hoạch lợi nhuận ảnh 1

SHB has completed 80% of its profit target.

In addition, SHB actively participates in bank-business connection programs chaired by the State Bank of Vietnam, and in working sessions with business associations to listen to the difficulties and obstacles faced by businesses in accessing capital, and to find solutions to jointly overcome difficulties for customers. SHB applies digital transformation solutions and modern technology to its lending process to shorten appraisal time, grant credit promptly to customers, and improve their access to bank credit.

In the third quarter of 2023, SHB issued over 552 million shares as a stock dividend for 2022 at a rate of 18%, thereby increasing its charter capital to VND 36,194 billion, ranking among the top 4 largest private commercial banks in the system.

SHB's safety, liquidity, and risk management indicators all comply with and exceed the State Bank of Vietnam's regulations. SHB has fully complied with the three pillars of Basel II standards and, since the beginning of 2023, has implemented Basel III standards in liquidity risk management.

Committed to its goal of becoming a top modern retail bank in the region, SHB is implementing a "dual" strategy, both accelerating digital transformation and expanding its retail network.

Recently, SHB launched its new digital banking platform, SHB SAHA, integrating all the necessary features of a digital bank and serving as a superior financial assistant for individual customers, especially business owners. Simultaneously, the bank introduced the "SHB Card Family - Connecting Family Bonds" series, bringing family members closer together, creating a strong bond and shared understanding on a unified platform.

Also in 2023, SHB expanded its network with 5 branches and 25 transaction offices, bringing the total number of domestic and international transaction points to 569. Traditional business points such as branches and transaction offices will help SHB increase brand recognition and banking services, contributing to reaching a large customer base. In addition, these business points will bring modern banking services closer to customers not only in urban areas but also in rural areas where banking services are still limited.

2023 marks the 30th anniversary of SHB's partnership in the country's development, and also signifies a strong and comprehensive transformation with core cultural values of "Heart - Trust - Integrity - Knowledge - Wisdom - Vision". The bank will continue to bring the best humanistic values to its customers, partners, shareholders, the community, and the economy.

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