The Sai Gon Ha Noi Commercial Joint Stock Bank (SHB) has won the Best Bank award in Viet Nam 2018 from the American magazine Global Finance.

The annual award is given based on the growth of financial indicators such as total assets and profit, quality of products and customer services and technological development.

Established in 1993, SHB is one of the five largest private banks in Viet Nam.

In the first quarter of 2018, its total assets exceeded VND286.9 trillion (US$12.6 billion USD), including more than VND12 trillion of charter capital and VND18.8 trillion ($826.2 million).

The bank mobilised VND264 trillion of capital in the January-April period.

SHB posted pre-tax profit of more than VND500 billion in the period, up 63.5 per cent against the same period last year. — VNS