As of June 30, 2024, Sacombank's total consolidated assets reached more than VND 717,000 billion, up 6.4% compared to the beginning of the year, of which profitable assets increased by 11%. The scale of mobilization and lending grew positively, higher than the industry average. Total mobilization reached nearly VND 642,000 billion, up 11% compared to the beginning of the year, of which 82% were deposits from individual customers. Outstanding credit reached nearly VND 517,000 billion, up 7% compared to the beginning of the year, market share increased by 0.03%, mainly meeting capital needs for production and business.

The bank has recovered and handled VND4,822 billion of bad debts and outstanding assets, with a bad debt ratio of 2.15%. Total revenue reached over VND14,000 billion, of which nearly VND2,000 billion was non-interest income. As a result, Sacombank has completed 50.4% of its pre-tax profit plan, reaching VND5,342 billion, up more than 12% over the same period last year.

In addition, Sacombank promotes the application of technology to increase utilities and modernize products and services to attract and enhance customer experience.

Accordingly, in addition to many modern features that have been deployed, the bank has just developed new features on the STM smart transaction machine system (such as accepting Napas/Visa/Mastercard/UnionPay cards issued by other domestic and foreign banks, flexible currency conversion, choosing withdrawal denominations, video calling to connect with operators, bilingual support English - Vietnamese) and Sacombank Pay application (such as buying foreign currency in cash, sharing successful transaction screens, partially withdrawing/closing deposits/savings on holidays/holidays, changing non-physical card models); at the same time, expanding contactless payment methods such as Garmin Pay, integrating multi-purpose QR codes right on POS machines, connecting with 3 e-wallets MoMo - VNPay - Zalo Pay.

In order to enhance customer account security and comply with Decision 2345/QD-NHNN of the State Bank, Sacombank has also implemented biometric transaction authentication from July 1, 2024.

At the same time, Sacombank continues to restructure its operating model towards leanness - standardization - professionalism through reshaping the organizational structure, researching the transformation of the counter transaction model, and comprehensively reviewing operations and core process systems. From there, helping the bank optimize efficiency in operations, business and risk management.

In March and July 2024, Sacombank's credit rating was upgraded by Moody's and Fitch Ratings for the first time with a stable outlook, demonstrating the bank's continuous improvements in the restructuring process and its continuous affirmation of its position in the domestic and international markets.

The Dinh