Saigon Thuong Tin Commercial Joint Stock Bank Overview
Pro stress-test →Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) is a Vietnamese commercial bank established in 1991 and listed on the Ho Chi Minh City Stock Exchange (HOSE) since 2006. The bank provides comprehensive retail and corporate banking services including deposit accounts, credit products, loans, insurance, foreign exchange services, trade finance, and digital banking solutions to individual and corporate clients across Vietnam.
Strategic Profile
Pro stress-test →As one of the first joint stock commercial banks in Ho Chi Minh City, STB has established itself through significant capital expansion and a 2015 merger with Southern Bank that increased its charter capital to VND 18.85 trillion. The bank maintains a diversified business model spanning traditional lending, deposit mobilization, trade finance, and digital banking services, positioning it as a regional competitor in Vietnam's increasingly competitive banking sector.
Competitive Landscape
Pro stress-test →STB competes in Vietnam's dynamic banking sector alongside larger institutions like Vietcombank (CTG - market cap VND 307.5T), Military Commercial Bank (MBB - VND 217.9T), and Vietnam Prosperity Bank (VPB - VND 229.3T). As a mid-tier player with VND 110-118T market cap, STB targets retail and SME segments while competing on digital capabilities and localized service offerings. The sector remains consolidation-prone with state ownership influence in tier-1 banks.
Industry Context
Saigon Thuong Tin Commercial Joint Stock Bank operates in Banking & Financial Services - Diversified Regional Banks.
Key facts
Founded: 1991 · Headquarters: Ho Chi Minh City, Vietnam · Employees: Not available from search results · Revenue: Not available from search results · Market cap: ₫110-118 trillion (~$4.4-4.7 billion USD equivalent)