Saigon Hanoi Commercial Joint Stock Bank (HNX: SHB)
Bank of Saigon-Hanoi (SHB), formerly known as Nhon Ai Rural Joint Stock Bank, was established on November 13, 1993 with initial chartered capital of VND0.4 billion and total assets of VND1.1 billion. The bank initially operated only at its headquarters in Can Tho province with a total staff of eight people.
In 2006, T&T Group became the largest shareholder of this small bank, transformed it from a rural bank to an urban commercial bank and renamed it Bank of Saigon-Hanoi (SHB). In 2007, SHB increased its chartered capital from VND500 billion to VND2,000 billion. A year later SHB moved its headquarters from Can Tho to Hanoi.
In 2009, SHB completed its IPO process and listed 200 million shares on the Ha Noi Stock Exchange with stock code SHB. The year 2012 is another important milestone in SHB’s history of establishment and development. SHB acquired Hanoi Building Commercial Joint Stock Bank (Habubank), following Decision No. 1559/QD‐NHNN, increasing its chartered capital from VND4,816 billion to VND8,866 billion. By expanding its scale, network and competitiveness, SHB successfully joined the top ten largest Commercial Banks in Vietnam.
No 77, Tran Hung Dao Street, Tran Hung Dao Ward, Hoan Kiem District, Ha Noi City
Phone: +84 (4) 394-23388
Fax: +84 (4) 394-10844
Web Address: http://www.shb.com.vn
SHB16Aug11 : Initiate Coverage, Thang Long Securities, 16 Aug 2011.
SHB9Apr13 : “Takeaways from 2013 AGM”, Saigon Securities, 9 Apr 2013.
SHB26Sep13 : “Climbing on a mountain of debt”, Saigon Securities, 26 Sep 2013.
SHB22Apr14 : AGM Notes, Saigon Securities, 22 Apr 2014.
SHB24Jun14 : Initiate Coverage, VP Bank Securities, 24 Jun 2014.