Saigon Treasure Commercial Joint Stock Bank
HHOSE:STB64,100.00
VND
+1,000.00
(+1.58%)
Saigon Treasure Commercial Joint Stock Bank
HOSE:STB
(Ho Chi Minh Stock Exchange)
Recent
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64,100.00
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- Business
- Saigon Treasure Commercial Joint Stock Bank, commercially known as Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), is a Vietnam-based financial institution primarily engaged in the provision of comprehensive commercial and retail banking products and financial services to individual consumers, small and medium-sized enterprises (SMEs), and large corporate entities. Founded in 1991 and headquartered in Ho Chi Minh City, Vietnam, the bank operates across core segments comprising Retail Banking, Corporate Banking, Treasury and Financial Markets, and Asset Management. The bank provides a diverse range of personal banking products and services, including demand, savings, term, and foreign currency deposit accounts; residential mortgages, auto loans, consumer installment credit, unsecured personal loans, education financing, and overdraft facilities; credit, debit, and prepaid payment cards under the Visa, Mastercard, JCB, and Napas brands; domestic and cross-border fund transfers; foreign exchange transaction services; safe deposit box rentals; and bancassurance products distributed in collaboration with life and non-life insurance partners. For corporate and institutional clients, the bank offers commercial checking and liquidity management accounts; working capital loans, medium- and long-term project financing, syndicated credit facilities, and supply chain financing; trade finance services comprising commercial letters of credit (L/C), bank guarantees, documentary collections, and bill discounting; structured treasury solutions, foreign exchange derivatives, and interest rate hedging; as well as corporate payroll and merchant acquiring services. In addition, the bank operates an integrated digital banking infrastructure anchored by the Sacombank Pay mobile application and corporate eBanking portals, offering electronic know-your-customer (eKYC) onboarding, biometric authentication, and contactless QR payment solutions. Beyond its domestic branch network across Vietnam, the bank maintains international operations and specialized subsidiaries, including Sacombank Cambodia Plc. in Cambodia, Sacombank Lao Co., Ltd. in Laos, Sacombank Asset Management Company (Sacombank AMC), Sacombank Securities Joint Stock Company (SBS), and Sacombank Remittance Express (Sacombank-SBR). In recent developments, the bank has accelerated its digital transformation roadmap by deploying next-generation omnichannel core banking interfaces, expanding artificial intelligence-driven automated customer support, and integrating advanced contactless payment technologies in partnership with international payment networks. The institution has made substantial progress in finalizing its long-term comprehensive post-merger restructuring scheme, resolving and recovering legacy non-performing loans and Special Bonds issued by the Vietnam Asset Management Company (VAMC) to strengthen asset quality, reinforce capital adequacy, and prepare for statutory capital increases and dividend payouts. Additionally, the bank has expanded its green credit and sustainable finance portfolio to support environmental, social, and governance (ESG) aligned enterprises and renewable energy projects, while continuously upgrading its enterprise risk management framework in accordance with Basel II and Basel III regulatory standards.