SHB - Sustainable Development Bank

Throughout 31 years, SHB has always accompanied, created and spread good values to the community, contributed to the national economic development, and is ready to enter the era of the Vietnamese people's rise.

Continuing to contribute to the country's development With its position in the TOP 5 largest private banks in Vietnam, SHB continues to contribute to the country's development, creating and spreading good values to society. After more than three decades of development, SHB has become a leading financial institution with a charter capital of more than VND 36,600 billion. As of September 30, total assets reached VND 688,387 billion, an increase of 9.2% compared to the end of 2023. Business efficiency indicators remain in the top group of the industry. In the first 9 months of 2024, SHB's pre-tax profit reached VND 9,048 billion, achieving 80% of the annual plan. The CAR (Minimum Capital Adequacy Ratio) reached over 11.8%, higher than the regulations of the State Bank, contributing significantly to ensuring safety and maintaining sustainable stability for the banking industry. In addition, the bank continues to strictly control credit quality, promote debt settlement and overdue debt collection, accompany customers to overcome difficulties, and gradually recover. In the strong and comprehensive transformation strategy for 2024-2028, SHB continuously promotes innovation - creativity, applies technology, applies new initiatives internally and brings customers convenient and modern products, services and solutions. Thanks to that, the CIR (cost to income) index is optimal at 24.68% - the lowest in the industry. By applying today's leading technologies such as: artificial intelligence AI, big data, machine learning... SHB is strongly transforming digitally from internal processes to products and customer services. The proportion of transactions via digital channels and online platforms is continuously increasing in the top of the industry. To date, 90% of essential banking operations can be performed entirely on digital channels. At the same time, 92% of customer transactions are performed entirely through digital channels such as Mobile banking and Internet banking.

SHB actively joins hands to contribute to the Program to support the elimination of temporary and dilapidated houses for poor and near-poor households - Photo: SHB

Linking development with social responsibility Over the past three decades, SHB has been actively implementing and implementing the policies of the Government and the State Bank in supporting and accompanying businesses and people. SHB is in the TOP 5 private banks contributing to the annual budget. At the same time, SHB has also proactively participated in social security activities, built infrastructure, sponsored equipment, helped students go to school, helped people and poor households overcome difficulties and stabilize their lives. Recently, SHB joined hands to contribute to the Program to launch support to eliminate temporary and dilapidated houses for poor and near-poor households nationwide; implemented interest exemption and reduction for customers, and supported people affected by storms and floods. The total estimated support amount is nearly 150 billion VND. In mid-October, SHB coordinated with the Vietnam Buddhist Sangha and the People's Committees of Tua Chua and Dien Bien Dong districts (Dien Bien) to inaugurate two classrooms for primary boarding schools for ethnic minorities in the province. SHB sponsored a total value of 12.5 billion VND. In the journey of spreading the Heart of Love to all parts of the country, SHB always pays special attention to the education sector. The bank has accompanied and supported many generations of Vietnamese students through scholarship programs and many other meaningful activities. Identifying "People are the subject" as one of SHB's four pillars in the Transformation Strategy 2024-2028, in addition to social responsibilities, the bank always emphasizes the role of human resources and corporate culture in the working process. Taking Heart as the root, SHB has built a working environment where every employee feels like a part of the common development, is encouraged to be creative and dedicated. SHB will continue to persevere with the direction of sustainable development, accompanying the creation and spread of good values, and entering a new era with Vietnam.

SHB was awarded the "Bank for People" award, within the framework of Better Choice Awards 2024. This is one of the proofs of the bank's perseverance on the development journey associated with people, society and the country. SHB has also been continuously honored with a series of awards such as "Best Bank in Asia", "Bank with excellent working environment", and many other awards from prestigious international financial organizations. The bank also received high evaluation and trust from international financial institutions WB, IFC, ADB, JICA...

Source: https://tuoitre.vn/shb-ngan-hang-phat-trien-ben-vung-20241204200936905.htm