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SHB: Information relating to SHB and HBB
On 13/3/2012, on some media, there was news that Sai Gon - Hanoi Commercial Joint Stock Bank (SHB) is acquiring Hanoi Building Commercial Joint Stock Bank (HBB), Sai Gon - Hanoi Commercial Joint Stock Bank would like to disclose the information as follows:
SHB is a bank with strong financial potential. In 2011, total assets are VND70,992 billion, profit after tax (after setting up provisions) is VND1,000.962 billion. SHB has just been ranked “Group I” by the State Bank with credit growth rate of 17%/year.
According to the State Bank’s policy on restructuring the banking field, SHB is finding some partners to merge into SHB to increase potential, enlarge the scale, and become leading modern and versatile bank in Vietnam and the region. However, the merge of commercial banks including SHB needs the approval of the State Bank and concerned agencies.
Besides, as a joint stock bank listed on the stock market, SHB always complies with information disclosure regulations. Thus, whenever there is news relating to the bank’s operation, SHB will announce as regulated by law.
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