SHB will hold the 2024 annual shareholders’ meeting on April 25, announcing the 2024-2028 transformation strategy with clear steps, aiming to become the TOP 1 Bank in terms of efficiency, the Green, the most popular Digital Bank; The best retail bank, and also the TOP bank providing capital, financial products and services with a strategic corporate customer base with a green supply chain and value chain ecosystem.
2024 is determined to be a pivotal year of transformation, strengthening internal resources and maintaining growth momentum in a sustainable and effective direction. The bank targets a breakthrough profit of VND 11,286 billion, an increase of 22% compared to the previous year. Total assets reached 701,000 billion VND, charter capital 40,658 billion VND, an increase of nearly 12%; Strictly control bad debt ratio below 3%.
SHB’s goals affirm strong progress, expanding scale to meet the growing capital needs of the economy; At the same time, increasing competitiveness in the process of international integration and meeting the interests and desires of shareholders. SHB has been and continues to cooperate with the world’s leading partners such as BCG, IFC, PWC…
The Bank will strengthen its internal resources, while maintaining sustainable and effective growth momentum, developing based on the Bank’s 4 pillars: Mechanism and institutional innovation; Humans are subjects; Customer-centric; Information technology and digital transformation platform. The Board of Directors will direct the organization to implement solutions and measures to achieve goals with the principle of “Innovation – Responsibility – Efficiency”, with 6 core cultural values ”Heart – Trust – Trust – Wisdom – Tri – Tam”.
Through 2023, in a challenging macro context, with a solid financial foundation and strong transformation speed, SHB firmly holds the position of the leading financial institution in the system with charter capital of VND 36,194 billion. , belongs to the TOP 4 largest private banks in Vietnam. Capital adequacy ratios and risk management always comply better than the State Bank’s regulations, and liquidity risk management follows Basel II and Basel III standards. Pre-tax profit in 2023 reaches VND 9,239 billion and is the most efficient bank with a CIR index of 23.7 – the lowest in the system, in which comprehensive digitalization contributes significantly to helping the bank manage costs well. best.
Launch a 5-year transformation strategy
In the strategy for the period 2024-2028, SHB builds clear focus goals, gradually expanding scale, strengthening financial foundation, developing customers, and investing in technology towards the current banking model. Great, the bank of the future.
With its position in the TOP 4 largest private banks in the system, SHB will continue to strengthen the exploitation of strategic customer files, expand relationships with large customers and exploit the ecosystem and value chain of the system. strategic customers, large customers. Based on the foundation of cooperation with corporate customers, SHB continues to promote the development of ecosystem banking to ensure common prosperity and connection between SHB and this customer file.
Besides, in line with the general market trend, SHB expands and promotes retail activities with a multiplier effect. Growth of retail banking through banking solutions for employees, workforce of strategic customer files, large customers and ecosystem, value chain of this customer file, expanding to whole family.
Aiming to improve financial and operational efficiency and promote labor productivity, SHB will focus on developing high-quality human resources, standardizing and digitizing processes and applying management measures. effective risk management. Combining human factors and technology creates resilience for the entire banking system. At the same time, the bank continues to apply industry standards and best practices, while aligning SHB with its transformation roadmap to minimize risk and optimize efficiency across the bank.
The transformation strategy is implemented by SHB through 3 stages according to a specific roadmap, ensuring a comprehensive transformation from creating fundamental growth to comprehensively developing modern banking activities. In the period 2024 – 2025, SHB will build and develop the platform; 2026-2027 is a period of accelerated growth, and by 2028 there will be breakthrough, efficiency and sustainability.
SHB is gradually transforming on the path of development, continuity and innovation, towards a sustainable future, spreading good values to society, joining hands to build a strong Vietnam.
