With its relentless efforts and continuous innovation in providing financial and non-financial solutions for businesses,SHB is recognized by experts as the bank with the best financial initiatives with social impact and SME cooperation.
In July, in Singapore, the Asian Banking and Finance (ABF) magazine held the ABF Wholesale Banking Awards 2024 ceremony (for the wholesale banking sector). 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).
The ABF awards are judged by experts from leading global auditing and consulting firms such as PwC, Deloitte, EY, and Bain and Company. As one of the five largest private commercial banks in the country, SHB remains steadfast in its philosophy of compassion, constantly striving to provide customers with suitable, modern, and convenient financial solutions, becoming a trusted partner for its clients and customers. The two awards at the ABF Wholesale Banking Awards 2024 are recognition of SHB's initiatives and impact on SMEs and women-owned businesses, creating and spreading positive values to society and the community.
Supporting SMEs with innovative financial solutions.
As part of its digital transformation strategy and the application of technology in its operations, products, and services, in 2023, SHB collaborated with MISA Joint Stock Company to implement a digital banking connection service 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 the MISA AMIS Accounting Online subsystem. After each successful payment or money transfer transaction on SHB's Internet Banking system, the data will be automatically and immediately recorded in the enterprise accounting software, eliminating the need for accountants to manually transfer data from account statements to the software.
Thanks to the seamless connection between the bank and MISA accounting software, accountants can track, monitor, approve, and execute financial transactions anytime, anywhere, and on multiple platforms such as PCs, mobile phones, and tablets… thereby saving up to 80% of processing time and operating costs for businesses. For businesses already using MISA accounting software, customers only need to connect via SHB Internet Banking in 2 minutes to integrate and start using it immediately.
Leading the way in supporting women-owned businesses.
Besides offering innovative, modern, and convenient digital solutions and products for customers, SHB consistently supports the provision of affordable capital to individuals and businesses, including women-owned enterprises. A notable example is the "Support Program to Mitigate the Impact of Covid-19 on WSMEs" in collaboration with the Asian Development Bank (ADB). Through this program, WSMEs (women-owned businesses) are gradually recovering and stabilizing their production and business operations after the Covid-19 pandemic.
Specifically, WSMEs facing difficulties due to Covid-19 are being supported by SHB with loan restructuring, six months of interest payment support (for customers eligible for debt restructuring), and waivers or reductions of all related fees… Each support package is worth up to $10,000, funded by the ADB.
At the same time, SHB offers many incentives for women-owned businesses to optimize financial transactions, such as: tặng premium account numbers for businesses and leaders, 100% free payroll disbursement service, free internet banking package, free domestic money transfer fees, free Standard payment account Combo package and usage fees for 6 months.
The bank also signed a $120 million credit agreement with IFC to support the development of its SME loan portfolio, including women-owned businesses and those involved in supply chains. This is an important additional resource for the bank to continue developing specific policies and programs to support SMEs in general and WSMEs in particular.
With its sustainable financial solutions and diverse digital products/services for small and medium-sized enterprises (SMEs), SHB was honored by Alpha Southeast Magazine as the “Best Sustainable Financing Bank for SMEs”. Prior to this, SHB also received the “Best Commercial Bank – SME in Vietnam” award from FinanceAsia Magazine.
