SHB actively participates in social activities

After 9 months,SHB 's accumulated pre-tax profit reached VND9,048 billion, achieving 80% of the 2024 plan. In addition to developing business activities, the bank actively participates in social security activities, supports the poor, eliminates temporary housing according to the Government's policy, contributing to the socio-economic development of the country.

SHB General Director Ngo Thu Ha, representative of SHB bank, handed over the school project in Tua Chua district, Dien Bien province.

Saigon - Hanoi Bank (SHB, HoSE: SHB) has just announced its consolidated financial report for the third quarter of 2024 with accumulated pre-tax profit reaching VND 9,048 billion, achieving 80% of the yearly plan. As of September 30, 2024, total assets were VND 688,387 billion, up 9.2% compared to the end of 2023. Outstanding credit balance reached VND 495,420 billion. SHB's business performance indicators remain in the top group of the industry... Since the beginning of the year, SHB has implemented many credit programs with preferential interest rates to individual customers with a scale of VND 43,000 billion with interest rates from 5.79%/year and corporate customers with a scale of VND 16,000 billion, interest rates from 4.8%/year. In addition, the Bank proactively provides interest rate support credit packages to help individual customers and businesses recover production and stabilize after natural disasters. For example, SHB announced a VND2,000 billion loan package with an interest rate of only 4.5%/year for individual customers and businesses affected by Typhoon Yagi, along with an average exemption/reduction of 50% of interest payable in the last 4 months of 2024. The credit programs are all designed to suit each field, industry, and customer group, thereby creating favorable conditions for businesses and individuals to access credit, stabilize their lives, promote recovery and develop business activities.

Responding to the Prime Minister's call, SHB donated 100 billion VND to Soc Trang province at the Program to support the elimination of temporary and dilapidated houses for poor and near-poor households nationwide - "Warm home for my people".

SHB is consistent with the orientation of sustainable, safe and effective development, continuously improving its management capacity according to international standards and modern models. The minimum capital adequacy ratio (CAR) is over 11.8%, higher than the regulations of the State Bank, contributing significantly to ensuring safety and maintaining sustainable stability for the banking industry's operations. In addition, the Bank continues to strictly control credit quality, promote debt settlement activities, collect overdue debts, accompany customers to overcome difficulties, and gradually recover... By applying leading technologies today such as artificial intelligence AI, big data, machine learning... SHB is digitizing internal processes to products and customer services. The proportion of transactions via digital channels and online platforms has continuously increased 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 the transactions of corporate and individual customers are carried out entirely through digital channels such as Mobile banking and Internet banking. Along with business activities, SHB always proactively accompanies local authorities and people to effectively carry out social security work. Responding to the Prime Minister's call, SHB donated 100 billion VND to Soc Trang province at the Program to support the elimination of temporary and dilapidated houses for poor and near-poor households nationwide - "Warm home for my people". In addition to financial policies suitable for customers, people and businesses affected by storm Yagi, SHB, in collaboration with T&T Group, SHS Securities Company, and VinaWind Company, spent 23.5 billion VND on supporting people affected by storms and floods. The bank has also proactively implemented many practical activities to support localities in all essential aspects of life such as health, culture, education, etc. It is estimated that SHB has contributed 150 billion VND to social security activities and reduced interest rates for customers, supporting people affected by storms and floods. SHB has also actively contributed to funding the construction of schools and investing in infrastructure to create the best conditions for children in mountainous areas to study. 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 province, to inaugurate two classrooms for ethnic minority boarding primary schools in the province, sponsored by SHB with a total value of 12.5 billion VND.

Originating from the Heart, SHB always wishes to accompany, create and spread good values ​​to the Vietnamese people, and join the country in entering a new era. In the period of 2024-2028, SHB is focusing resources to implement a strong and comprehensive Transformation Strategy based on 4 pillars: Reforming mechanisms, policies, regulations and processes; People are the subject; Taking customers and markets as the center; Modernizing information technology and digital transformation and steadfastly following 6 core cultural values ​​"Heart - Trust - Prestige - Knowledge - Intelligence - Vision". SHB sets a strategic goal of becoming a TOP 1 Bank in terms of efficiency; the most favorite Digital Bank; the best Retail Bank and at the same time a TOP Bank providing capital, financial products and services to strategic private and state-owned enterprise customers, with a supply chain, value chain, ecosystem, and green development.

Source: https://baochinhphu.vn/shb-tich-cuc-tham-gia-cac-hoat-dong-xa-hoi-102241030191149564.htm