With its continuous efforts and innovation in providing financial and non-financial solutions for businesses, SHB is assessed by experts as the Bank with the best financial initiatives with social impact and SME cooperation.
In July, in Singapore, Asian Banking and Finance (ABF) magazine held the ABF Wholesale Banking Awards 2024 (for wholesale banking). Saigon - Hanoi Commercial Joint Stock Bank (SHB) was honored in two categories: "Best Domestic SME Partnership Initiative" ( Vietnam Domestic SME Partnership Initiative of the Year) and "Best Domestic Social Impact Finance Initiative" (Vietnam Domestic Social Impact Finance Initiative of the Year).
ABF's awards are evaluated by experts from the world's leading auditing and consulting firms such as PwC, Deloitte, EY, Bain and Company. As one of the five largest private commercial banks in the country, SHB always adheres to the philosophy of compassion, constantly striving to bring customers suitable, modern and convenient financial solutions, becoming a trusted companion of partners and customers. The two awards at ABF Wholesale Banking Awards 2024 are a recognition of SHB's initiatives and impacts on SMEs and women-owned businesses, creating and spreading good values to society and the community.
Supporting SMEs with innovative financial solutions
As part of the digital transformation strategy and technology application in operations and products and services, in 2023, SHB cooperated with MISA Joint Stock Company to deploy digital banking connection services on MISA accounting software including: MISA AMIS and MISA SME.
Accordingly, SHB's Internet Banking system is connected to MISA SME.NET accounting software and MISA AMIS Accounting Online accounting subsystem. After each successful payment and money transfer transaction on SHB's Internet Banking system, the data will be automatically and immediately recorded into the enterprise accounting software without the accountant having to manually record from the sub-account ledger statement to the software.
Thanks to the seamless connection between the bank and MISA accounting software, accountants can monitor, supervise, approve, and perform financial transactions anytime, anywhere and on multiple platforms such as PC, Mobile, Tablet, etc., thereby saving up to 80% of work processing time and operating costs for businesses. For businesses that have used MISA accounting software, customers only need to connect to SHB Internet Banking within 2 minutes to be able to integrate and use immediately.
Leading the way in supporting women-owned businesses
In addition to digital solutions, innovative, modern and convenient products for customers, SHB always accompanies to bring cheap capital to people and businesses, including women-owned units, notably the program "Support to minimize the impact of Covid-19 for WSMEs" in cooperation with the Asian Development Bank (ADB). Thereby, WSMEs (women-owned enterprises) gradually recover and stabilize production and business after the Covid-19 pandemic.
Specifically, WSMEs facing difficulties due to Covid-19 will have their loans restructured by SHB, supported with 6 months of interest (for customers subject to debt restructuring); exempted or reduced all related fees... The value of each support is up to 10,000 USD, drawn from ADB's funding source.
At the same time, SHB offers many incentives to women-owned businesses to optimize financial transactions such as: giving away beautiful, high-class account numbers to businesses and leaders, 100% free salary payment service, free of all Internet banking packages, domestic money transfer fees, free Standard payment account combo package and usage fees within 6 months.
The bank also signed a credit agreement with IFC worth USD 120 million to support the development of the SME lending portfolio, including women-owned enterprises and those participating in the supply chain. This is an important additional resource for the bank to continue developing policies and specific programs to accompany and support SMEs in general and WSMEs in particular.
With sustainable financial solutions and diverse digital products/services for small and medium enterprises, SHB was honored by Alpha Southeast Magazine as “Best Sustainable Financing Bank for SMEs”. Previously, SHB was also awarded “Best Commercial Bank – SME in Vietnam” by FinanceAsia Magazine.
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