Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB) has been selected by the World Confederation of Business as the only representative of Viet Nam to receive Bizz-Business Excellence Award 2018.

The Bizz honours outstanding businesses and entrepreneurs in 120 countries around the world.

To win the award, businesses must meet many strict requirements pertaining to leadership, management systems, quality of products and services, innovation and creativity, corporate social responsibility and results obtained.

The annual award ceremony is held in European, Asian and American cities.

SHB general director Nguyen Van Le said the Bizz award recognised SHB’s efforts over the past years to bring the best products and services to customers, partners and shareholders.

At the same time, it affirms the firm position of SHB in Viet Nam’s financial market and its reach in the global arena, he added.

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), including more than VND12 trillion ($527.4 million) of charter capital and VND18.8 trillion ($826.2 million) of equity capital.

The bank mobilised VND264 trillion ($11.6 billion) of capital in January-April.

The outstanding loan balance reached VND202.5 trillion ($8.9 billion), a year-on-year increase of 2 per cent.

SHB posted a pre-tax profit of more than VND500 billion ($21.9 million), up by 63.5 per cent against the same period last year. — VNS