01:41 (GMT +7) - Friday 14/12/2018

BUSINESS SPOTLIGHT

SHB receives Certificate of Merit from SBV

Released at: 14:06, 27/07/2018 Vietnam golden dragon awards & Vietnam Excellent Brand Awards

SHB receives Certificate of Merit from SBV

Photo: SHB

Local bank recognized for its outstanding accomplishments last year.

by Khanh Chi

Recognizing the outstanding achievements of the Saigon - Hanoi Commercial Joint Stock Bank (SHB) in recent times, State Bank of Vietnam (SBV) Governor Le Minh Hung has signed a decision awarding a Certificate of Merit to the bank, which recorded excellent achievements in public administrative reform (PAR) in 2017.

According to results announced in 2017, SBV ranks first among ministries and agencies with an administrative reform index of 92.36 per cent; the third consecutive year it led in the PAR index and always above 90 per cent.

Contributing to the overall success of the sector, SHB is honored to be one of three joint stock commercial banks with outstanding achievements in PAR in 2017 and receiving a Certificate of Merit from the SBV Governor.

Administrative reform has been identified by SHB as one of the key innovations to improve banking efficiency. In recent times, SHB has implemented specific objectives and tasks on simplifying procedures; lowered interest rates and service fees; improved transparency and access to credit and facilitated organizations and individuals; expressed the positivity and responsibility of the bank towards the development of the enterprise system and its customers; and contributed significantly to improving the business environment and enhancing the competitiveness of the economy.

“The SBV Governor’s Certificate of Merit is in recognition of SHB’s achievements and greatly encourages the efforts of SHB’s Board of Directors in particular and our employees in general,” said Mr. Nguyen Van Le, General Director of SHB.

He added that, in the future, the bank will continue to vigorously and comprehensively implement PAR tasks in its programs and action plans, tightening administrative discipline, creating motivation, and raising the sense of responsibility among officials and employees; streamline the organization and upgrade professional staffs’ skills to improve work efficiency; reduce administrative procedures; and step up the application of IT to modernize the bank’s activities.

With a goal of becoming the most versatile retail bank in Vietnam by 2020 and a strong financial group operating under international standards, SHB constantly improves, innovates and enhances the quality of its transmission services.

Established in 1993, SHB is one of the five largest joint stock commercial banks in Vietnam and in the Top 500 banks in Asia.

At end-March, SHB had total assets of $12.4 billion and charter capital of over $518 million. With nearly 7,000 employees and a network of more than 500 transaction offices in Vietnam, Laos and Cambodia, SHB serves nearly 4 million corporate and individual clients.

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