MIRA INFORM REPORT

 

 

Report Date :

25.08.2014

 

IDENTIFICATION DETAILS

 

Name :

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

 

 

Registered Office :

266-268 Nam Ky Khoi Nghia St Ward 8, District 3, Ho Chi Minh

 

 

Country :

Vietnam

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

15.10.2009

 

 

Legal Form :

Public Listed Company

 

 

Line of Business :

Subject is engaged in Specialized professional services, including:

 

·         Banking

·         Commercial banking

·         Corporate banking

·         Lending

·         Personal banking

 

 

No of Employees :

13,000

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Vietnam

B1

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

VIETNAM - ECONOMIC OVERVIEW

 

Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to less than 20% in 2013, while industry's share increased from 36% to more than 42% in the same period. State-owned enterprises account for about 40% of GDP. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession hurt Vietnam's export-oriented economy, with GDP in 2013 growing at 5%, the slowest rate of growth since 1999. In 2013, however, exports increased by more than 12%, year-on-year; several administrative actions brought the trade deficit back into balance. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value remained relatively stable in 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the government shifted from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, "three pillar" economic reform program in early 2012, proposing the restructuring of public investment, state-owned enterprises, and the banking sector, little perceptible progress has been made. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses.

 

Source : CIA

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK (CORRECT NAME)

Address

:

266-268 Nam Ky Khoi Nghia St Ward 8, District 3, Ho Chi Minh

Country

:

Vietnam

Phone (S)

:

[+84] 8-38469516

Facsimile

:

[+84] 8-39320424

Email

:

infor@sacombank.com

Website

:

http://www.sacombank.com.vn

Primary Business Activity

:

Service

Key Industry

:

Financial Services - General

 

NOTE

 

Your supplied name is “An acronym / brand”

 

 

Key Facts

 

Registered Legal Address

:

266-268 Nam Ky Khoi Nghia St Ward 8, District 3, Ho Chi Minh

Operational Address

:

266-268 Nam Ky Khoi Nghia St Ward 8, District 3, Ho Chi Minh

Issuing Authority

:

Dept. of Planning & Investment - Ho Chi Minh

License Number

:

0301103908

License Status

:

License exists - Normal.

Legal Form - Category

:

Public Listed Company

Legal Form

:

Not Applicable

Legal Form - Abbreviation

:

Not Applicable

Operational Status of Business

:

Normal

Date of Registration

:

15 Oct, 2009

Employees

:

13,000

Capital

:

US$ 589,594,572

Note

:

SGTTVNVX

 

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

Name

:

Mr. Kieu Huu Dung

Nationality

:

Vietnamese

 

 

COMPANY MANAGEMENT

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Ms. Nguyen Thi Le An

Vietnamese

Deputy Managing Director

-

2

Ms. Ha Quynh Anh

Vietnamese

Deputy Managing Director

-

3

Mr. Ho Doan Cuong

Vietnamese

Deputy Managing Director

-

4

Mr. Bui Van Dung

Vietnamese

Deputy Managing Director

-

5

Mr. Phuong Hoang Duong

Vietnamese

Deputy Manager

-

6

Mr. Huynh Thanh Giang

Vietnamese

Chief Accountant

-

7

Mr. Phan Huy Khang

Vietnamese

Managing Director

-

8

Ms. Duong Hoang Quynh Nhu

Vietnamese

Deputy Managing Director

-

9

Mr. Vo Anh Nhue

Vietnamese

Deputy Managing Director

-

10

Mr. Nguyen Hai Tam

Vietnamese

Deputy Managing Director

-

11

Mr. Nguyen Minh Tam

Vietnamese

Deputy Managing Director

-

12

Ms. Quach Thanh Ngoc Thuy

Vietnamese

Deputy Managing Director

-

13

Mr. Nguyen Ba Tri

Vietnamese

Deputy Managing Director

-

14

Mr. Ha Van Trung

Vietnamese

Deputy Managing Director

-

15

Mr. Phan Dinh Tue

Vietnamese

Deputy Managing Director

-

16

Mr. Ly Hoai Van

Vietnamese

Deputy Managing Director

-

17

Mr. Dao Nguyen Vu

Vietnamese

Deputy Managing Director

-

 

 

Management Details - 1

Personal Unique Identifier

:

MI03757505

Name

:

Ms. Nguyen Thi Le An

 

 

 

Management Details - 2

Personal Unique Identifier

:

MI03757512

Name

:

Ms. Ha Quynh Anh

 

 

 

Management Details - 3

Personal Unique Identifier

:

MI03757523

Name

:

Mr. Ho Doan Cuong

 

 

 

Management Details - 4

Personal Unique Identifier

:

MI02351450

Name

:

Mr. Bui Van Dung

 

Email

:

dungbv@sacombank.com

Tel

:

84-8-38469516

Mobile No.

:

84-903948587

 

 

Management Details - 5

Personal Unique Identifier

:

MI03618590

Name

:

Mr. Phuong Hoang Duong

 

Email

:

phuongdh@sacombank.com

Mobile No.

:

84-908008081

 

 

Management Details - 6

Personal Unique Identifier

:

MI03757527

Name

:

Mr. Huynh Thanh Giang

 

Date of Birth

:

1972

 

 

Management Details - 7

Personal Unique Identifier

:

MI03618588

Name

:

Mr. Phan Huy Khang

 

 

 

Management Details - 8

Personal Unique Identifier

:

MI03757525

Name

:

Ms. Duong Hoang Quynh Nhu

 

 

 

Management Details - 9

Personal Unique Identifier

:

MI03757522

Name

:

Mr. Vo Anh Nhue

 

 

 

Management Details - 10

Personal Unique Identifier

:

MI03757526

Name

:

Mr. Nguyen Hai Tam

 

 

 

Management Details - 11

Personal Unique Identifier

:

MI02351448

Name

:

Mr. Nguyen Minh Tam

 

 

 

Management Details - 12

Personal Unique Identifier

:

MI03757514

Name

:

Ms. Quach Thanh Ngoc Thuy

 

 

 

Management Details - 13

Personal Unique Identifier

:

MI03757519

Name

:

Mr. Nguyen Ba Tri

 

 

 

Management Details - 14

Personal Unique Identifier

:

MI03757520

Name

:

Mr. Ha Van Trung

 

 

 

Management Details - 15

Personal Unique Identifier

:

MI03757508

Name

:

Mr. Phan Dinh Tue

 

 

 

Management Details - 16

Personal Unique Identifier

:

MI03757516

Name

:

Mr. Ly Hoai Van

 

 

 

Management Details - 17

Personal Unique Identifier

:

MI02351447

Name

:

Mr. Dao Nguyen Vu

 

 

 

COMPANY DIRECTORS

1

 

 

Personal Unique Identifier

:

MI03757500

Name

:

Mr. Kieu Huu Dung

Date of Birth

:

1967

2

 

 

Personal Unique Identifier

:

MI03618588

Name

:

Mr. Phan Huy Khang

 

 

NEGATIVE INFORMATION

 

REPUTATION

Reference checking for the purpose of establishing SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK's reputation within the respective industry failed to reveal any adverse information.

 

 

NEGA-SCAN - ADVERSE DATA MONITORING

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

CIVIL LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

CAPITAL (Currency: VND - Vietnam Dong)

Share Value

:

₫ 10,000

Authorized Capital

:

₫ 12,425,116,000,000

Paid-up Capital

:

₫ 12,425,116,000,000

 

Date

Authorized Capital - History

13 Jan, 1992

5,115,831,000,000

2009

6,700,353,000,000

2010

9,179,000,000,000

2011

10,739,676,640,000

2013

12,425,116,000,000

 

Date

Paid-up Capital - History

13 Jan, 1992

5,115,831,000,000

2009

6,700,353,000,000

2010

9,179,000,000,000

2011

10,739,676,640,000

2013

12,425,116,000,000

 

 

SHAREHOLDERS

 

Total number of shareholders

:

Public shareholding traded via Stock Exchange

Total number of shares

:

n/a

 

Currency

:

VND - Vietnam Dong

 

No.

Shareholders

Country

Shares

Number

Amount (VND)

%

1

Public shareholding traded via Stock Exchange

n/a

n/a

8,493,809,297,600

68.36

2

VIETNAM EXPORT IMPORT COMMERCIAL JOINT STOCK BANK

Vietnam

n/a

1,279,786,948,000

10.30

3

Mr. Tran Phat Minh

Vietnam

n/a

596,405,568,000

4.80

4

Mr. Tram Trong Ngan

Vietnam

n/a

595,163,056,400

4.79

5

E XIM SAI GON INVESTMENT CORP

Vietnam

n/a

587,707,986,800

4.73

6

SAIGON - ASIA FINANCE AND INVESTMENT JSC

Vietnam

n/a

309,385,388,400

2.49

7

MARKET VECTORS ETF TRUST-MARKET VECTORS-VIETNAM ETF

Vietnam

n/a

301,930,318,800

2.43

8

Mr. Tram Khai Hoa

Vietnam

n/a

260,927,436,000

2.10

Total

n/a

12,425,116,000,000

100.00

 

 

 

 

PAYMENT INFORMATION

 

DOMESTIC SUPPLIERS

Business Entity Name

Global Identifier

PRICE WATERHOUSE COOPERS VIETNAM LTD

32405977

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

RELATED PARTIES (Subsidiaries , Joint-ventures & Affiliates)

The following provides a summary of the number of businesses that are related to SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK:

TYPE

DOMESTIC

INTERNATIONAL

TOTAL

Africa

Asia / Pacific

Europe

Middle-East

North America

South America

TOTAL

Subsidiaries

9

-

1

-

-

-

-

1

Joint-Ventures

-

-

-

-

-

-

-

-

Minority shareholdings

3

-

-

-

-

-

-

-

Affiliates

3

-

-

-

-

-

-

-

Liaison / Representative Offices

-

-

-

-

-

-

-

-

 

Domestic

Business Entity Name

:

CA MAU FROZEN SEAFOOD PROCESSING IMPORT EXPORT CORP

Global Identifier

:

P0384144

Country

:

Vietnam

Relationship

:

Minority shareholding

Operational Address

:

333 Cao Thang St Ward 8, Ca Mau, Ca Mau

Primary Business Activity

:

Manufacturer

Industry

:

Food Products

 

Business Entity Name

:

HYPERTECH CO LTD

Global Identifier

:

P2970066

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

SACOMBANK ASSET MANAGEMENT CO LTD

Global Identifier

:

P1284994

Country

:

Vietnam

Relationship

:

Subsidiary

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

SACOMBANK JEWELRY CO LTD

Global Identifier

:

P1137341

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

230 Nam Ky Khoi Nghia St Ward 6, District 3, Ho Chi Minh

Primary Business Activity

:

Trader

Industry

:

Giftware & Jewellery

 

Business Entity Name

:

SACOMBANK LEASING CO LTD

Global Identifier

:

P1284992

Country

:

Vietnam

Relationship

:

Subsidiary

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

SACOMBANK REMITTANCE EXPRESS CO LTD

Global Identifier

:

P1285022

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

223 Nam Ky Khoi Nghia St Ward 7, District 3, Ho Chi Minh

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

SACOMBANK SECURITIES JSC

Global Identifier

:

P1284991

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

278 Nam Ky Khoi Nghia St, District 3, Ho Chi Minh

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

SAI GON THUONG TIN SECURITIES CO LTD

Global Identifier

:

P1031114

Country

:

Vietnam

Relationship

:

Subsidiary

Operational Address

:

278 Nam Ky Khoi Nghia St Ward 8, District 3, Ho Chi Minh

Primary Business Activity

:

Service

Industry

:

Professional Services

 

Business Entity Name

:

SAIGON THUONG TIN INVESTMENT JSC

Global Identifier

:

P1284998

Country

:

Vietnam

Relationship

:

Minority shareholding

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

SAIGON THUONG TIN REAL ESTATE JSC

Global Identifier

:

P1285004

Country

:

Vietnam

Relationship

:

Affiliate

Primary Business Activity

:

Service

Industry

:

Professional Services

 

Business Entity Name

:

SAIGON THUONG TIN REMITTANCE EXPRESS CO LTD

Global Identifier

:

P2970065

Country

:

Vietnam

Relationship

:

Subsidiary

 

Business Entity Name

:

TAN DINH IMPORT & EXPORT JSC

Global Identifier

:

32407201

Country

:

Vietnam

Relationship

:

Affiliate

Operational Address

:

266 Nam Ky Khoi Nghia St, District 3, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Food Products

 

Business Entity Name

:

TAN TIEN PLASTIC PACKAGING JSC

Global Identifier

:

P0076201

Country

:

Vietnam

Relationship

:

Minority shareholding

Operational Address

:

117/2 Luy Ban Bich St Tan Thoi Hoa Ward, Tan Phu Dist, Ho Chi Minh

Primary Business Activity

:

Manufacturer

Industry

:

Packaging

 

Business Entity Name

:

TOAN THINH PHAT ARCHITECTURE INVESTMENT CONSTRUCTION CO

Global Identifier

:

P1285003

Country

:

Vietnam

Relationship

:

Affiliate

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

Business Entity Name

:

VIET FUND MANAGEMENT JSC

Global Identifier

:

P1284996

Country

:

Vietnam

Relationship

:

Subsidiary

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

International

Business Entity Name

:

SAIGON THUONG TIN BANK (CAMBODIA) PLC

Global Identifier

:

P2154618

Country

:

Cambodia

Relationship

:

Subsidiary

Operational Address

:

60 Preah Norodom Blvd Sangkat Chey Chumneas, Khan Daun Penh, Phnom Penh

Primary Business Activity

:

Service

Industry

:

Financial Services - General

 

 

STRATEGIC PARTNER/S & ALLIANCES

 

 

Group / Alliance name

:

AUSTRALIA & NEW ZEALAND BANKING GROUP (ANZ)

 

 

Group / Alliance name

:

DRAGON FINANCIAL HOLDINGS UK

 

 

Group / Alliance name

:

INTERNATIONAL FINANCE CORP (IFC)

 

 

Group / Alliance name

:

SACOMBANK FINANCIAL GROUP

Holding Company

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

Country

:

Vietnam

 

 

FINANCIAL INFORMATION

 

Financials - Summary  (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2012 Annual  

876,712,849

7,304,730,305

48,133,799

2013 Annual  

847,057,462

7,652,547,623

105,704,500

2014 2nd Qtr  

190,979,691

8,490,974,945

30,815,697

 

Sales Trend – Analysis

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

-

-

-

-

 

FINANCIALS - SUMMARY (Currency: USD - US Dollar)

Year

Sales

Assets

Net Income

2007 Annual

209,686,741

4,002,384,775

86,645,076

2008 Annual

480,084,982

4,127,778,589

57,584,620

2009 Annual

471,960,274

5,830,666,238

93,641,147

2010 Annual

707,547,358

7,818,724,269

98,016,419

2011 Annual

962,951,992

6,791,585,070

95,816,467

 

FINANCIAL STATEMENT - DETAILED

Balance Sheet

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 2nd Qtr

Non Current Liabilities(*)

-

-

-

Share Capital(*)

10,739,677,000,000

12,425,116,000,000

12,425,116,000,000

Other long term assets 

Total Assets(*)

152,118,525,000,000

161,377,613,000,000

178,938,806,000,000

Total Liabilities(*)

138,419,775,000,000

144,313,887,000,000

161,832,974,000,000

Long term liabilities 

Shareholders Funds(*)

13,698,750,000,000

17,063,726,000,000

17,105,832,000,000

 

Assets 

Cash, gold and precious stones

9,703,738,000,000

4,228,779,000,000

-

Balances with the State Banks

4,598,716,000,000

3,300,559,000,000

-

Due from and loans to other credit institutions

7,574,411,000,000

7,469,881,000,000

-

Due from other credit institutions

2,964,791,000,000

4,978,350,000,000

-

Loans to other credit institutions

4,648,231,000,000

2,505,842,000,000

-

Provision for loans to other credit institutions

(38,611,000,000)

(14,311,000,000)

-

I. Trading securities

1,272,179,000,000

2,651,437,000,000

-

II. Trading securities

1,424,765,000,000

2,877,307,000,000

-

Provision for diminution in value of trading securities

(152,586,000,000)

(225,870,000,000)

-

Derivatives and other financial assets

383,377,000,000

43,996,000,000

-

I. Loans, advances and finance leases to customers

94,887,813,000,000

109,214,229,000,000

-

II. Loans, advances and finance leases to customers

96,334,439,000,000

110,565,799,000,000

-

Provision for credit losses

(1,446,626,000,000)

(1,351,570,000,000)

-

Investment securities

19,983,644,000,000

19,893,888,000,000

-

Available-for-sale investment securities

19,666,578,000,000

19,434,485,000,000

-

Held-to-maturity investment securities

800,000,000,000

628,689,000,000

-

Provision for diminution in value of investment securities

(482,934,000,000)

(169,286,000,000)

-

Long-term investments

240,936,000,000

318,860,000,000

-

Investments in associates

32,099,000,000

-

-

Other long-term investments

477,202,000,000

462,929,000,000

-

Provision for diminution in value of long-term investments

(268,365,000,000)

(144,069,000,000)

-

Fixed assets

5,218,768,000,000

5,306,520,000,000

-

Tangible fixed assets

2,768,831,000,000

2,907,070,000,000

-

I. Cost

3,648,790,000,000

3,932,139,000,000

-

I. Accumulated depreciation

(879,959,000,000)

(1,025,069,000,000)

-

Finance lease

1,031,000,000

743,000,000

-

II. Cost

1,607,000,000

1,607,000,000

-

II. Accumulated depreciation

(576,000,000)

(864,000,000)

-

Intangible fixed assets

2,448,906,000,000

2,398,707,000,000

-

III. Cost

2,739,315,000,000

2,792,774,000,000

-

Accumulated amortisation

(290,409,000,000)

(394,067,000,000)

-

I. Other assets

8,254,943,000,000

8,949,464,000,000

-

Receivables

4,670,996,000,000

3,493,606,000,000

-

Interest and fees receivable

2,193,462,000,000

3,808,787,000,000

-

Deferred tax assets

308,915,000,000

104,246,000,000

-

II. Other assets

1,795,148,000,000

1,848,229,000,000

-

In which: Goodwill

17,273,000,000

17,159,000,000

-

Provision for impairment of other assets

(713,578,000,000)

(305,404,000,000)

-

Total Assets

152,118,525,000,000

161,377,613,000,000

-

Liabilities 

Due to and borrowings from other credit Institutions

4,730,526,000,000

5,007,207,000,000

-

Due to other credit institutions

1,134,660,000,000

3,197,163,000,000

-

Borrowings from other credit institutions

3,595,866,000,000

1,810,044,000,000

-

Customer deposits

107,458,698,000,000

131,644,622,000,000

-

Grants, entrusted funds and loans exposed to risks

4,545,100,000,000

4,405,174,000,000

-

Valuable papers issued

7,776,549,000,000

501,147,000,000

-

Other liabilities

13,908,902,000,000

2,755,737,000,000

-

Interest and fees payable

1,292,562,000,000

1,804,882,000,000

-

Other payables

12,536,652,000,000

878,751,000,000

-

Provision for contingent liabilities and off-balance-sheet commitments

79,688,000,000

72,104,000,000

-

Total Liabilities

138,419,775,000,000

144,313,887,000,000

-

Owners' Equity 

Capital and reserves 

Capital

10,905,440,000,000

12,590,879,000,000

-

Charter capital

10,739,677,000,000

12,425,116,000,000

-

Fund for capital expenditure

795,000,000

795,000,000

-

Share premium

1,671,693,000,000

1,671,693,000,000

-

Treasury shares

(1,506,878,000,000)

(1,506,878,000,000)

-

Other capital

153,000,000

153,000,000

-

Reserves

1,636,016,000,000

1,621,303,000,000

-

Foreign currency translation reserve

87,640,000,000

96,870,000,000

-

Retained earnings

1,069,643,000,000

2,754,666,000,000

-

Total Owners' Equity

13,698,739,000,000

17,063,718,000,000

-

Minority Interests

11,000,000

8,000,000

-

Total Liabilities, Owners' Equity and Minority Interests

152,118,525,000,000

161,377,613,000,000

-

 

Note: (*)

Financial Highlights

 

Income Statement

Currency

:

VND

Denomination

:

1

Financial Year Ending

:

December

Financial Highlights

2012 Annual

2013 Annual

2014 2nd Qtr

Turnover(*)

18,257,247,000,000

17,862,824,000,000

4,024,706,000,000

Profit (Loss) Before Tax(*)

1,367,851,000,000

2,960,648,000,000

830,477,000,000

Profit After Tax attributable to Shareholders(*)

1,002,370,000,000

2,229,106,000,000

649,410,000,000

 

Interest and similar income

16,869,623,000,000

16,294,326,000,000

-

Interest and similar expenses

(10,372,444,000,000)

(9,666,889,000,000)

-

Net interest and similar income

6,497,179,000,000

6,627,437,000,000

-

Fees and commission income

1,292,300,000,000

1,436,185,000,000

-

Fees and commission expenses

(605,811,000,000)

(488,285,000,000)

-

Net fees and commission income

686,489,000,000

947,900,000,000

-

Net (loss)/gain from foreign currencies and gold trading

218,164,000,000

(203,332,000,000)

-

Net (loss)/gain from dealing of trading securities

3,585,000,000

(67,760,000,000)

-

Net gain/(loss) from dealing of investment securities

(387,086,000,000)

27,674,000,000

-

Other income

95,324,000,000

132,313,000,000

-

Other expenses

(176,891,000,000)

(35,235,000,000)

-

Net other income/(expenses)

(81,567,000,000)

97,078,000,000

-

Net gain/(loss) from long-term investments

(83,412,000,000)

172,310,000,000

-

Total Operating Income

6,853,352,000,000

7,601,307,000,000

-

Personnel expenses

(2,101,396,000,000)

(2,246,196,000,000)

-

Depreciation and amortisation charges

(339,820,000,000)

(288,009,000,000)

-

Other operating expenses

(1,713,020,000,000)

(1,671,819,000,000)

-

Total Operating Expenses

(4,154,236,000,000)

(4,206,024,000,000)

-

Profit before credit loss expenses

2,699,116,000,000

3,395,283,000,000

-

Provision for credit losses

(1,331,265,000,000)

(434,635,000,000)

-

Profit before tax

1,367,851,000,000

2,960,648,000,000

-

Current corporate income tax expense

(674,396,000,000)

(526,873,000,000)

-

Deferred corporate income tax (expense)/income

308,915,000,000

(204,669,000,000)

-

Total corporate income tax expenses

(365,481,000,000)

(731,542,000,000)

-

Profit after tax

1,002,370,000,000

2,229,106,000,000

-

Attributable to: 

- Equity holders of the Bank

1,002,370,000,000

2,229,109,000,000

-

- Minority interest

-

(3,000,000)

-

Basic earnings per share (VND)

903,000,000

1,982,000,000

-

Note: (*)

Financial Highlights

 

Financial Ratios

Financial Highlights

2012 Annual

2013 Annual

2014 2nd Qtr

Growth % 

Year-on-Year Growth

(8.98)

(2.16)

-

Profitability 

Profit Margin (%)

5.49

12.48

16.14

Return on Equity (%)

7.32

13.06

3.80

Return on Assets (%)

0.66

1.38

0.36

Leverage 

Total Debt Equity (Times)

10.10

8.46

9.46

Long Term Debt to Equity

-

-

-

Total Asset To Total Equity

11.10

9.46

10.46

Asset Management 

Total Assets Turnover (Times)

0.12

0.11

0.02

 

 

FOREIGN EXCHANGE RATES

 

Today's Exchange rate

:

1.00 VND
Vietnam Dong

=

0.000047 USD
United States Dollars

 

 

ADDITIONAL INFORMATION

 

Report Details

 

 

Country

:

Vietnam

Business Entity Name

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

Acronym

:

SACOMBANK

Primary Business Activity

:

Service

Primary Industry

:

Financial Services - General

Office Contact Details

Operating Address

:

266-268 Nam Ky Khoi Nghia St Ward 8, District 3, Ho Chi Minh

Tel

:

[+84] 8-38469516

Fax

:

[+84] 8-39320424

Email

:

infor@sacombank.com
sacombank@hcm.vnn.vn

Website Details

Website

:

http://www.sacombank.com.vn

Status

:

Normal - operational

Country of Registration

:

Vietnam

Ownership Type

:

Registered ownership by Subject Business Entity

 

Primary Products

Products / Materials / Services Description

Activity

Bank guarantee

Service

Banking

Service

Commercial banking

Service

Corporate banking

Service

Credit card issuance

Service

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Commercial Banks, NEC

6029

Service

Depository Bank Functions, NEC

6099

Service

Misc Bus Credit Institutions

6159

Service

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

Commercial banks/financing

9936

Service

Forfating, factoring & other int'l finance services

9977

Service

Loan services

9975

Service

 

DETAILED PRODUCT CLASSIFICATION & ACTIVITY

Products / Materials / Services Description

Ranking

Activity

Credit granting

Primary

Service

Domestic factoring

Primary

Service

Forfeiting

Primary

Service

International factoring

Primary

Service

Lending

Primary

Service

Personal banking

Primary

Service

 

CORE BUSINESS DESCRIPTION

Core Business

The primary business focus of SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK is Specialized professional services, including:

·         Banking

·         Commercial banking

·         Corporate banking

·         Lending

·         Personal banking


Key services include :

·         Bank guarantee

·         Credit card issuance

·         Credit granting

·         Domestic factoring

·         Forfeiting

·         International factoring

 

STOCK EXCHANGE LISTING DETAILS

Country

:

Vietnam

Name of Stock Exchange

:

Name

Acronym

HOCHIMINH STOCK EXCHANGE

HOSE

Stock Symbol / No.

:

STB

Date of listing

:

12 Jul, 2006

 

BANK DETAILS

Bank Name

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM

Global Identifier

:

P1072025

Branch

:

Hanoi

Branch Address

:

JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM - HO CHI MINH

SWIFT Code

:

BFTVVNVX

 

Bank Name

:

STATE BANK OF VIETNAM, THE

Global Identifier

:

32407096

Branch

:

Hoan Kiem Dist,Hanoi

Branch Address

:

49 Ly Thai To St Hoan Kiem Dist Hanoi (Head Office)

SWIFT Code

:

STBVVNVX

 

LOCAL BRANCHES & MANAGEMENT

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HOAN KIEM, HANOI

Branch Address

:

88 Ly Thuong Kiet Cua Nam, Hoan Kiem, Hanoi

Branch Tel

:

84-4-39428095

Branch Fax

:

84-4-3942808

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HAI BA TRUNG DIST, HANOI

Branch Address

:

248B Pho Hue Pho Hue, Hai Ba Trung Dist, Hanoi

Branch Tel

:

84-4-39743833

Branch Fax

:

84-4-39743822

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HAI BA TRUNG DIST, HANOI

Branch Address

:

65 Ngo Thi Nham, Hai Ba Trung Dist, Hanoi

Branch Tel

:

84-4-39436007

Branch Fax

:

84-4-39432988

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DONG DA, HANOI

Branch Address

:

360 Tay Son, Dong Da, Hanoi

Branch Tel

:

84-4-35640455

Branch Fax

:

84-4-35640456

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - LONG BIEN DIST, HANOI

Branch Address

:

484 Nguyen Van Cu Gia Thuy, Long Bien Dist, Hanoi

Branch Tel

:

84-4-36522055

Branch Fax

:

84-4-36522066

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - THANH TRI, HANOI

Branch Address

:

110 Khu Cho Van Dien, Thanh Tri, Hanoi

Branch Tel

:

84-4-36814855

Branch Fax

:

84-4-36814856

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DONG DA, HANOI

Branch Address

:

60A Nguyen Chi Thanh Lang Thuong, Dong Da, Hanoi

Branch Tel

:

84-4-37756707

Branch Fax

:

84-4-37756708

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - CAU GIAY, HANOI

Branch Address

:

393 Hoang Quoc Viet, Cau Giay, Hanoi

Branch Tel

:

84-4-37915299

Branch Fax

:

84-4-37915289

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - MY HAO DIST, HUNG YEN

Branch Address

:

Km 22+500 NH 5A Ban Yen Nhan, My Hao Dist, Hung Yen, Hung Yen

Branch Tel

:

84-321-3942905

Branch Fax

:

84-321-3942387

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - TU SON DIST, BAC NINH

Branch Address

:

202 Tran Phu, Tu Son Dist, Bac Ninh

Branch Tel

:

84-241-3743965

Branch Fax

:

84-241-3760352

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DIEN DIEN, THAI BINH

Branch Address

:

2 Phan Chu Trinh, Dien Dien, Thai Binh

Branch Tel

:

84-373-715750

Branch Fax

:

84-373-715753

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - LANG SON, LANG SON

Branch Address

:

8 Ngo Quyen Vinh Trai, Lang Son, Lang Son

Branch Tel

:

84-25-3716324

Branch Fax

:

84-25-3716325

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HAI DUONG, HAI DUONG

Branch Address

:

144 Thong Nhat Le Thanh Nghi, Hai Duong, Hai Duong

Branch Tel

:

84-320-3833208

Branch Fax

:

84-320-3833209

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - LE CHAN DIST, HAIPHONG

Branch Address

:

62-64 Ton Duc Thang Tran Nguyen Han, Le Chan Dist, Haiphong

Branch Tel

:

84-313-719999

Branch Fax

:

84-313-719991

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HA LONG, QUANG NINH

Branch Address

:

607 Le Thanh Tong, Ha Long, Quang Ninh

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DONG HOI TOWN, QUANG BINH

Branch Address

:

254 Tran Hung Dao Nam Ly, Dong Hoi Town, Quang Binh

Branch Tel

:

84-52-3846846

Branch Fax

:

84-52-3844966

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DONG HA, QUANG TRI

Branch Address

:

Ward 1, 43 Tran Hung Dao, Dong Ha, Quang Tri

Branch Tel

:

84-53-3555889

Branch Fax

:

84-53-3555890

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - VINH LINH DIST, QUANG TRI

Branch Address

:

Huu Nghi Sub-Ward, Vinh Linh Dist, Quang Tri

Branch Tel

:

84-53-2217862

Branch Fax

:

84-53-3622261

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HAI CHAU DIST, DA NANG

Branch Address

:

130-130A-132 Bach Dang, Hai Chau Dist, Da Nang

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - TAM KY TOWN, QUANG NAM-DA NA

Branch Address

:

Trade Center - Block 8, Tam Ky Town, Quang Nam-Da Na

Branch Tel

:

84-510-3821821

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - QUANG NGAI, QUANG NGAI

Branch Address

:

449 Quang Trung, Quang Ngai, Quang Ngai

Branch Tel

:

84-55-3715555

Branch Fax

:

84-55-3715557

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - QUY NHON, BINH DINH

Branch Address

:

98 Mai Xuan Thuong Ly Thuong Kiet, Quy Nhon, Binh Dinh

Branch Tel

:

84-56-3817493

Branch Fax

:

84-56-3817312

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - TUY HOA, PHU YEN

Branch Address

:

97 Nguyen Trai Ward 4, Tuy Hoa, Phu Yen

Branch Tel

:

84-57-3893341

Branch Fax

:

84-57-3893342

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - PLEIKU, GIA LAI

Branch Address

:

38 Nguyen Thien Thuat Dien Hong, Pleiku, Gia Lai

Branch Tel

:

84-59-3720074

Branch Fax

:

84-59-3720073

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - NHA TRANG, KHANH HOA

Branch Address

:

54A Yersin Phuong Sai, Nha Trang, Khanh Hoa

Branch Tel

:

84-58-3817594

Branch Fax

:

84-58-3817698

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - BUON ME THUOT, DAC LAC

Branch Address

:

130-132 Le Hong Phong Thong Nhat, Buon Me Thuot, Dac Lac

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - CUJUT DIST, DAK LAK

Branch Address

:

43A National Highway 14, Cujut Dist, Dak Lak

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - BAO LOC DIST, LAM DONG

Branch Address

:

43 Le Thi Pha, Bao Loc Dist, Lam Dong

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - BEN CAT, BINH DUONG

Branch Address

:

160 Group 6 Cay San Hamlet, Ben Cat, Binh Duong

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - BIEN HOA, DONG NAI

Branch Address

:

367/8 Ha Noi Highway Quarter 5B, Bien Hoa, Dong Nai

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DISTRICT 3, HO CHI MINH

Branch Address

:

Ward 14, 51 Tran Quang Dieu, District 3, Ho Chi Minh

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DISTRICT 1, HO CHI MINH

Branch Address

:

63B Calmette Nguyen Thai Binh Ward, District 1, Ho Chi Minh

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DISTRICT 8, HO CHI MINH

Branch Address

:

324 Chanh Hung, District 8, Ho Chi Minh

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - CA MAU, CA MAU

Branch Address

:

44 Ly Bon, Ca Mau, Ca Mau

Branch Tel

:

84-780-3812001

Branch Fax

:

84-780-3812006

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - TRA VINH, TRA VINH

Branch Address

:

40 Dien Bien Phu, Tra Vinh, Tra Vinh

Branch Tel

:

84-74-3858711

Branch Fax

:

84-74-3858710

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HUE, THUA THIEN-HUE

Branch Address

:

126 Nguyen Hue Phu Nhuan, Hue, Thua Thien-Hue

Branch Tel

:

84-54-3834979

Branch Fax

:

84-54-3834980

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

Branch Address

:

Long An

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HANOI

Branch Address

:

Hanoi

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - THU DUC, HO CHI MINH

Branch Address

:

Thu Duc, Ho Chi Minh

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - CHO LON

Branch Address

:

Cho Lon

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DISTRICT 4, HO CHI MINH

Branch Address

:

District 4, Ho Chi Minh

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HUNG YEN DIST, HUNG YEN

Branch Address

:

Hung Yen Dist, Hung Yen

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

Branch Address

:

Binh Tay

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HO CHI MINH

Branch Address

:

Ho Chi Minh

License Status

:

License exists - Normal.

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

Branch Email

:

tructk@sacombank.com

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - AN GIANG

Branch Address

:

An Giang

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - BINH THANH

Branch Address

:

Binh Thanh

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DONG DO, HANOI

Branch Address

:

Dong Do, Hanoi

Primary use of location

:

#1. Branch Office ONLY

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - BA RIA-VUNG TAU

Branch Address

:

Ba Ria-Vung Tau

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HOAN KIEM, HANOI

Branch Address

:

54 Hang Bac Hang Bac, Hoan Kiem, Hanoi

Branch Tel

:

84-4-39261392

Branch Fax

:

84-4-39261392

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HOAN KIEM, HANOI

Branch Address

:

12 Tran Nhat Duat Dong Xuan, Hoan Kiem, Hanoi

Branch Tel

:

84-4-39290135

Branch Fax

:

84-4-39383725

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HOAN KIEM, HANOI

Branch Address

:

16E Duong Thanh, Hoan Kiem, Hanoi

Branch Tel

:

84-4-39232140

Branch Fax

:

84-4-39230822

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - TAY HO, HANOI

Branch Address

:

153A Thuy Khue, Tay Ho, Hanoi

Branch Tel

:

84-4-37281466

Branch Fax

:

84-4-37281467

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HOAN KIEM, HANOI

Branch Address

:

10A3 Ly Nam De Hang Ma, Hoan Kiem, Hanoi

Branch Tel

:

84-4-37478418

Branch Fax

:

84-4-37478419

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - NGHE AN

Branch Address

:

Nghe An

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DISTRICT 3, HO CHI MINH

Branch Address

:

549 Dien Bien Phu St Ward 3, District 3, Ho Chi Minh

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - HOA VIET

Branch Address

:

Hoa Viet

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DISTRICT 4

Branch Address

:

District 4

 

Branch

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK

Branch Address

:

Tan Dinh

 

 

 

AUDITORS

 

 

 

 

Auditor Name

PRICE WATERHOUSE COOPERS VIETNAM LTD

 

 

 

OFFICE & FACILITIES

 

The following information relates to the Business Entity's office as listed above:

 

Name

:

SAI GON THUONG TIN COMMERCIAL JOINT STOCK BANK - DISTRICT 3, HO CHI MINH

Primary Use

:

Office & Administration facilities

Building Size

:

20,317 Square meters

Type of Location

:

Commercial

Address

:

266-268 Nam Ky Khoi Nghia St Ward 8, District 3, Ho Chi Minh

Country

:

Vietnam

Ownership of Property

:

Rented / Leased

Status

:

Operational

 

 

 

 

 

 

COMPANY HISTORY

 

 

 

Date

Details

2008 - Jan

Opened the Representative Office in Nanning, China.

2008 - Jan

Set up a Branch network covering Central & Western Highlands & Southeastern Vietnam.

2008 - Mar

Opened an international standard Data Center.

2008 - May

Became a financial group, a first among private sector in Vietnam.

2008 - Jul

Ranked first in the "2007 Annual Report Awards" organized jointly by Hochiminh City Stock.

2008 - Dec

Opened the Laos Branch, the first mover among Vietnamese banks.

 

 

 

 

RANKING

 

Type

Coverage

Ranking Detail

Corporate Ranking

Domestic

Top 500 companies in Vietnam - Based on Turnover in 2012

 

 

 

 

AWARDS

 

 

 

 

#

Award Name

Awarded by

Awarded Date

1

1st Private Sector Commercial Bank

UNITED NATION DEVELOPMENT PROGRAMME (UNDP)

n/a

2

50 Top Performing Companies in Vietnam

NHIP CAU DAU TU MAGAZINE

n/a

3

Credit Reporting Awards

CREDIT INFORMATION CENTER (CIC) - STATE BANK OF VIETNAM

n/a

4

Top 500 Vietnamese Enterprises in Vietnam Report

HARVARD UNIVERSITY, USA

n/a

5

Best Bank - Vietnam

EUROMONEY

2007

6

Best Foreign Exchange Provider in Vietnam

GLOBAL FINANCE USA

2007

7

Best Small & Medium-sized Enterprises lending bank in Vietnam

EUROPEAN SMALL AND MEDIUM-SIZED ENTERPRISES DEVELOPMENT FUND (SMEDF)

2007

8

Certificate of Merit as an outstanding tax contributor

PRIME MINISTER OF VIETNAM

2007

9

Certificate of Merit for commitment to society

PRIME MINISTER OF VIETNAM

2007

10

Certificate of Merit for contributing to the economy

GOVERNOR OF THE STATE BANK OF VIETNAM

2007

11

Competition Flag of Excellent for the Bank Performance

PRIME MINISTER

2007

12

First Prize for Annual Report 2007

HOCHIMINH CITY STOCK EXCHANGE VIETNAM INVESTMENT REVIEW DRAGON CAPITAL

2007

13

Vietnam Retail Bank of the Year

ASIAN BANKING & FINANCE

2007

14

Best Bank in Vietnam

GLOBAL FINANCE, USA

2008

15

Best Domestic Bank in Vietnam

THE ASSET HONG KONG

2008

16

Competition Flag of Excellent for Inflation Control Contribution Activities

PRIME MINISTER OF VIETNAM

2008 - Dec 20

17

Annual Report Award

LEAGUE OF AMERICAN COMMUNICATIONS PROFESSIONALS (LACP)

2011

18

Bank of the Year

THE BANKER MAGAZINE

2011

19

Certificate of Merit : Excellent Labour Team

GOVERNOR OF THE STATE BANK OF VIETNAM

2011

20

Emulation Flag of the State Bank of Vietnam

GOVERNOR OF THE STATE BANK OF VIETNAM

2011

21

The Strongest Brands of Vietnam Award

VIETNAM ECONOMIC TIMES

2012

 

 

 

 

APPROVED SIGNATURES

 

The Company Director/s listed below maintain the legal right to sign on behalf of the company:

Name

Mr. Phan Huy Khang

Mr. Tran Xuan Huy

 

 

 

 

PREVIOUS CONTACT DETAILS

 

 

 

Phone Number

:

84-8-35266030

 

Phone Number

:

84-8-39320420

Fax Number

:

84-8-39322220

 

 

 

 

PREVIOUS BUSINESS LICENSE/S

 

License Date

License No.

21 Dec, 1991

005/GP-UD

13 Jan, 1992

059002

 

 

NOTES & COMMENTS

 

N/a

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.44

UK Pound

1

Rs.100.24

Euro

1

Rs.80.35

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

SMN

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

--

NB

                                       New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.