Amidst the "storm" of competition: Shinhan Bank Vietnam maintains credit growth, launches preferential loan packages to support customers

According to key financial indicators, Shinhan Bank's total assets reached VND 218,897 billion, total capital VND 36,545 billion and net profit reached VND 2,221 billion.

In the context of increasingly fierce competition in the banking industry causing the industry's profits to decline, Shinhan Bank also recorded a decrease in profits compared to the same period last year. However, the Bank still maintained a stable growth rate with outstanding loan growth reaching 6.77% in the first half of the year.

Shinhan Bank Vietnam offers home loans for young customers under 35 years old with preferential interest rates from only 4.5%/year

The Bank's net interest margin (NIM) reached 3.93%. However, due to the nature of a foreign bank with a high proportion of assets in USD, fluctuations in USD interest rates have significantly impacted this index. However, Shinhan Bank still maintains a NIM level that is among the most efficient in the entire bank.

In addition, the Bank always strictly complies with the direction of the State Bank in implementing low-interest credit packages to support customers, promote economic growth and demonstrate a strong commitment to social responsibility.

The Bank's capital safety indicators continue to comply with the regulations of the State Bank of Vietnam (SBV): Capital safety ratio (CAR) reached 21.19%. Loan to deposit ratio (LDR) was 80.09%. Short-term capital ratio for medium and long-term loans was 21.49%.

In the coming time, the Bank aims to develop sustainably by promoting support for business households and small and medium enterprises (SMEs), from loan packages with preferential interest rates, convenient card lines, SOHO MMDA automatic interest-bearing accounts to digital solutions such as POS machine services, QR Code to help businesses manage payments, invoices, and documents quickly and transparently.

The bank focuses on diversifying capital sources, expanding its credit product portfolio for individual customers with consumer loan products such as car and electric vehicle loans, especially home loans for young customers under 35 years old according to the Prime Minister 's direction, with preferential interest rates from only 4.5%/year.

In addition, Shinhan Bank also continuously develops digital services to enhance customer convenience, including upgrading mobile banking applications, business internet banking and CMS services.

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In the coming time, we will continue to make efforts so that customers in Vietnam can use banking services more conveniently and safely, while contributing to the overall development of the Vietnamese banking industry.
Shinhan Bank Vietnam representative said

Source: https://daibieunhandan.vn/giua-con-bao-canh-tranh-ngan-hang-shinhan-viet-nam-duy-tri-tang-truong-tin-dung-tung-goi-vay-uu-dai-ho-tro-khach-hang-10388074.html