SHB Cambodia Bank, Vietnamese Sai Gon–Ha Noi Bank (SHB)’s wholly-owned subsidiary, has been honoured as the outstanding small-and-medium sized enterprise (SME) 2017 with the best bank products and services.

The awards, which were given by the National Bank of Cambodia and International Data Group (IDG), aimed to honour the prestigious foreign banks that are contributing to the country’s economy in general and the banking sector in particular.

SHB which has headquarter in Viet Nam and SHB Cambodia are aiming to become a leading modern retail bank, and is thus focussing on diversifying the products and services.

SHB Cambodia has launched many products and services with different supporting policies for SMEs.

In addition to these, SHB has focussed on market researches and customers’ demands to build credit packages with suitable interest rates for businesses.

IDG has also highly valued SHB Cambodia for its saving products.

Pham Xuan Son, SHB Cambodia’s director, said that after four years of operation, the bank has reported stable business results, contributing to the co-operation between Viet Nam and Cambodia in the economic sector. This has helped create an investment wave into Cambodia by Vietnamese firms.

Established in September 2016, the SHB Cambodia was approved by the Governor of the State Bank of Viet Nam, Le Minh Hung, to increase its chartered capital from US$50 million to $75 million. The capital is expected to help SHB Cambodia improve its financial ability and implement the finance and banking activities. — VNS