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Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)

Fitch assigns stable outlook for Sacombank long-term Issuer Default Rating

Fitch assigns stable outlook for Sacombank long-term Issuer Default Rating

Fitch Ratings has assigned Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) a long-term Issuer Default Rating of ''BB-''.
Sacombank tells shareholders most business targets achieved in 2023

Sacombank tells shareholders most business targets achieved in 2023

Shareholders of Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) approved a pre-tax profit target of VNĐ10.6 trillion (US$418.3 million) for this year, a 10 per cent increase from 2023.
‘Awakening experience – Rising incentives with Sacombank corporate cards

‘Awakening experience – Rising incentives’ with Sacombank corporate cards

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has launched a promotion programme called ‘Awakening experience – Rising incentives’ for customers using Sacombank Visa corporate cards (credit cards and payment cards) from now until February 5 next year.
Sacombank, CEO win Corporate Excellence Award, Master Entrepreneur Award in Asia Pacific

Sacombank, CEO win Corporate Excellence Award, Master Entrepreneur Award in Asia Pacific

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) won the Corporate Excellence Award at the 2020 Asia Pacific Enterprise Awards for its outstanding achievements in business while also fulfilling its social responsibilities.
Sacombank sets to achieve 110.6 million in pre-tax profit in 2020

Sacombank sets to achieve $110.6 million in pre-tax profit in 2020

Shareholders of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) approved the bank’s financial statements for last year, a number of targets for this year, profit distribution plans and other important proposals at its annual general meeting held online on...
Sacombank targets 18 per cent increase in profits

Sacombank targets 18 per cent increase in profits

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has set a pre-tax profit target of VND2.65 trillion (US$113.8 million) for this year, a year-on-year increase of 18 per cent.  
Sacombank targets 23.2 per cent rise in pre-tax profit

Sacombank targets 23.2 per cent rise in pre-tax profit

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has set itself a target of increasing its assets to VND430.9 trillion (US$18.92 billion) this year, an increase of 16.9 per cent from last year.
Sacombank bad loans ratio declines sharply

Sacombank bad loans ratio declines sharply

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has successfully reduced its non-performing loans (NPLs) ratio to 4.4 per cent after operating for a year under a Government-approved restructuring scheme.
Sacombank loses 26m in Q4 2015

Sacombank loses $26m in Q4 2015

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) reported a loss of VND583.26 billion (US$26.05 million) in post – tax profit in the fourth quarter of last year.
Central bank allows Sacombank to increase charter capital

Central bank allows Sacombank to increase charter capital

The central bank has permitted Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) to increase its charter capital by more than VND6 trillion to touch VND18.852 trillion (US$836.1 million).
SBV approves merger of Sacombank and Southern Bank

SBV approves merger of Sacombank and Southern Bank

The State Bank of Vietnam (SBV) has approved the merger of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) with the Southern Commercial Joint Stock Bank