Saigon - Hanoi Bank Raises Registered Capital to VND500 Billion

The Saigon - Hanoi Commercial Joint-Stock Bank (SHB) has officially finished raising its registered capital to VND500 billion from VND301 billion. This is a turning-point that helps SHB turn into a new development period through extending its operation mode and scale.

SHB promotes from Nhon Ai rural bank.

According to Mr Do Quang Hien, Standing Vice Chairman of SHB Board of Directors, SHB will continue to increase its capital to VND1,000 billion in 2007 and strive to achieve the amount of VND3,000 billion as its capital in 2010.

At the same time, SHB also pays attention to developing its network of trading offices and branches nationwide.

Besides the branches and trading offices in Ha Noi, Ho Chi Minh City and Da Nang, the important economic centers of the country, SHB is carrying out plans to further open branches in some cities and provinces such as Hai Phong, Quang Ninh, Lang Son, Hue, Lam Dong, Binh Duong, Khanh Hoa, Phan Thiet and the Mekong Delta provinces.

Enhancing the competitiveness is a necessary and urgent requirement of the banks when Vietnam officially became a member of WTO.

SHB has therefore early promoted its strengths in certain fields to gradually raise its competitive capacity in the integration process.

Reported by Cat Tri

Other news