Saigon - Hanoi Commercial Joint Stock Bank — Cyborg Score 7/10
Strong
Commercial Banking & Financial Services
Strategic Profile
SHB aims to become the most efficient bank by 2027, a leading modern and most popular digital bank. The bank maintains the lowest cost-to-income ratio in the industry at 22.25% due to digital transformation and operational automation. The bank has expanded internationally with operations in Cambodia and Laos, positioning itself as a pioneer in regional banking.
Cyborg Score Rationale
As of June 2024, SHB's total assets exceeded VND 659.7 trillion with charter capital of VND 36.6 trillion, securing its position in the top five largest private banks in Vietnam. The bank achieved pre-tax profit of VND 6.86 trillion in H1 2024 (13% YoY growth) with ROE of 25.91%. Strong fundamentals offset challenges from competitive market dynamics.
Top Insights
Total assets of VND 659.8 trillion and outstanding credit of VND 475.3 trillion position SHB among leading capital providers in Vietnam
Maintains the lowest cost-to-income ratio (22.25%) in the banking industry through advanced digital transformation
Expansive network of 530+ transaction points across 50 provinces, serving 5+ million customers domestically and internationally
Strategic divestiture of SHB Finance to Thai bank Krungsri created significant capital surplus and improved financial capacity
Named Competitors
Commercial Banking — Leading Vietnamese joint stock bank
Commercial Banking — Major Vietnamese joint stock bank
Commercial Banking — Technology-focused Vietnamese bank
Recent Developments
(June 2024) Total assets exceeded VND 659.8 trillion with charter capital at VND 36.6 trillion
(H1 2024) Achieved pre-tax profit of VND 6.86 trillion, up 13% YoY with 25.91% ROE
(2024) Initiated comprehensive digital banking offerings for administrative and public sector units to accelerate financial system digitalization
Open the full interactive Saigon - Hanoi Commercial Joint Stock Bank report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.