SHB honored as best bank for corporate social responsibility

15:22 | 10/10/2018 Finance - Banking

The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) has been honored by the financial publication Asiamoney as the best bank for corporate social responsibility in Vietnam.

The “Love sharing” and “Wings of faith” programs sent gifts to children of disadvantaged families - Photo: dantri.com.vn

Asiamoney, a leading finance-banking magazine in the Asia, lauded SHB for its coherent strategy in shouldering responsibility for the community with various social security projects.

Notably, the bank’s “Love sharing” and “Wings of faith” programs sent 5 billion VND (US$215,000) worth of gifts to children of disadvantaged families across the nation, along with invaluable leadership skills and lessons.

In recent years, the bank has prioritised credit support to coffee farmers, who have made concerted efforts to transform Vietnam into the world’s second-largest coffee producer. Its financial products have helped household businesses in the Central Highlands region get access to short-and medium-term loans at preferential interest rates.

By March, 2018, a total 50.66 billion VND (US$2.17 million) was offered to coffee growers in the five Central Highlands provinces of Kon Tum, Gia Lai, Dak Lak, Dak Nong and Lam Dong.

Asiamoney’s annual award program is organized annually to decide which banks in six Asian-Pacific countries have excelled across a range of core banking activities. The awards include Best domestic bank, Best corporate and investment bank, Best private bank, Best international bank, Best bank for small and medium-sized enterprises, Best digital bank, and Best bank for corporate social responsibility.

Theo VNA