Saigon – Hanoi Commercial Joint Stock Bank (SHB) has been honored with the prestigious title of “Best Bank for SMEs in Vietnam” at the Euromoney Awards for Excellence 2024. This recognition underscores SHB’s exceptional growth and innovative solutions tailored for small and medium-sized enterprises (SMEs).

Euromoney’s Awards for Excellence are among the most esteemed in the global finance industry, with rigorous evaluations involving financial institutions from over 100 countries. SHB’s SME lending growth of 54% in 2023—the highest among Vietnamese banks—played a significant role in earning this accolade.

In addition to its robust lending portfolio, SHB has introduced groundbreaking services like automated Cash Flow Management and Online Overdraft, which enhance efficiency for SMEs. The launch of the SLINK Collection Service via virtual accounts on Internet Banking has further solidified SHB’s leadership, offering businesses accurate revenue management across multiple sales points. This innovative solution has already received recognition from The Digital Banker Magazine.

The “Best Bank for SMEs in Vietnam” award is the latest in a series of international honors for SHB, following titles like “Best SME Bank for Sustainable Finance” (Alpha Southeast), “Best Commercial Bank – SMEs in Vietnam” (FinanceAsia) and “Vietnam Domestic SME Partnership Initiative of the Year” (Asian Banking and Finance). As one of Vietnam’s top private commercial banks, SHB continues to be a trusted partner for SMEs, providing advanced financial solutions to help businesses thrive.

With a strong financial foundation, cutting-edge technology, and a comprehensive product ecosystem, SHB is poised to lead the industry. The bank’s strategic partnerships, including a $120 million loan agreement with the International Finance Corporation (IFC), further reinforce its commitment to supporting SMEs, especially those owned by women and those involved in supply chains.

In 2024, SHB is focused on executing a comprehensive Transformation Strategy, emphasizing Institutional Reforms, People-centricity, Customer-centricity, and Digital innovation, all while adhering to its core values “Heart, Faith, Trustworthiness, Knowledge, Wisdom, and Greater Heights”.

SHB’s strategic vision includes becoming the most efficient and desirable digital bank, a leader in retail banking, and the top provider of financial services to strategic corporate customers with a green supply chain.