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Techcombank and SHB have received many prestigious awards

Friday 13, 11 2020
Techcombank received the "Leading partner bank in Viet Nam in 2020" award from ADB while SHB was named "Best bank for SMEs Vietnam" by AsiaMoney
Techcombank and SHB have received many prestigious awards


The Asian Development Bank (ADB) has recently granted Vietnam Technological and Commercial Joint Stock Bank (Techcombank) the "Leading partner bank in Viet Nam in 2020" award in an announcement ceremony of the Trade and Supply Chain Finance Programme (TSCFP) held in Ha Noi.
This award has recognized Techcombank's outstanding achievements in trade finance activities in the region and around the world. It has also enhanced the brand reputation of Techcombank and ADB in particular and the partner banks in general. Accordingly, this award is based on the number of transactions within the TSCFP implemented from early 2019 to mid-2020.
The TSCFP (formerly the Trade Finance Program) grants and gives loans to more than 240 partners banks in 21 countries to support international trade. Since 2004, Techcombank has become one of the first partner banks in Vietnam selected by ADB to sign two important contracts under this program, including "Rollover Credit Contract" and "Guarantee Contract for Issuing Bank". ADB guarantees to support Techcombank to improve the ability to meet customers' demands for trade finance and expand the opportunities to reach new partners and markets in the region and around the world.


Besides the award from ADB, Techcombank was honored as the "Leading Brand in Effective Performance 2020" award by Forbes in October and ranked as the "Best Bank in Vietnam 2020" by international organizations, including Asia Risk and EuroMoney.
In the third quarter of 2020, Techcombank continued to record outstanding business achievements, with the pre-tax profit of VND 10.7 trillion and revenue of 19.3 trillion, increasing by 20.9% and 33.5%, respectively compared to the same period in 2019. Techcombank maintained an impressive streak of revenue growth for 20 consecutive quarters amid many challenges caused by the Covid-19 pandemic.


Moody's Baseline Credit Assessment (BCA) rating for Techcombank was Ba3 in the middle of the year, reflecting its stable asset quality, solid profitability, and strong capital base. Among 19 banks in Vietnam assessed by Moody, Techcombank is the only one with the highest BCA rating and is only limited by the national credit rating ceiling.


Saigon – Hanoi Commercial Joint Stock Bank (SHB) was named the "Best bank for SMEs Vietnam" by AsiaMoney Magazine. Asiamoney Best Bank Awards, which is held annually, assess the performance of banks in each market over the past 12 months. SHB has impressed the judges with outstanding programs, solutions, products, and services that have supported SMEs in 2020.
Specifically, SHB has cooperated with Amazon Selling Global and T&T Group, involved in the establishment of a centers chain that supports Vietnamese enterprises to export through e-commerce at SHB's branches. Two first centers were open at the Thang Long branch (Hanoi) and the Saigon Branch (Ho Chi Minh City). Besides, SHB will offer special product and service packages for individual and enterprise customers interested in business on the Amazon system.

SHB signed a loan framework contract with the Small and Medium Enterprise Development Fund (SMEDF) of the Government, supporting enterprises to easily access low-cost capital with low and fixes interest rates during the loan term. 
In the context of the COVID-19 pandemic, SHB has promptly supported SMEs to overcome difficulties and realize a dual-target - repel the disease and develop business. Specifically, SHB has deployed a credit package of VND 25,000 billion with many benefits of lending interest rates and banking service fees.
Besides the preferential interest rate packages, SHB has implemented debt restructuring, debt rescheduling, maintained debt group as well as interest and fee exemption plans. It has also reduced at least 50% of transaction fees via the Interbank Electronic Payment System, exempted or reduced interbank money transfer fees, and other transaction fees.
Previously, SHB has also received many awards aimed at enterprise customers from prestigious domestic and international organizations. For example, the bank was named the “Vietnam Domestic Trade Finance Bank 2020”, “Vietnam Domestic Initiative of the Year for Corporate Credit Support 2020”, “Strategic Partnership 2020” and “Insurance Innovation 2020” by Asian Banking & Finance magazine, "Best Trade Finance Bank in Vietnam 2020” by AlphaSea. 

Compiled by VietnamCredit

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