Saigon Bank for Industry and Trade
UUPCOM:SGB12,900.00
VND
-200.00
(-1.53%)
ISIN
VN000000SGB1
Return %
Stock
S&P 500
1Y
0.00
14.20
3Y
-8.51
81.12
5Y
-26.29
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Giang Thanh Tran
- Sector
- Finance
- Industry
- Regional banks
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- Oct 15, 2020
- Website
- saigonbank.com.vn
- Similar Companies
- Business
- Saigon Bank for Industry and Trade (SAIGONBANK) is a Vietnam-based commercial bank that provides a comprehensive suite of personal, commercial, and digital banking solutions to individuals, small and medium-sized enterprises (SMEs), and corporate clients. Established on October 16, 1987, as the first joint-stock commercial bank in Vietnam, the bank is headquartered in Ho Chi Minh City, Vietnam. It operates across key sectors of the Vietnamese economy, catering to manufacturing, commerce, services, agriculture, handicrafts, and businesses operating within industrial and export processing zones. The bank organizes its operations primarily into Personal Banking, Corporate Banking, Trade Finance, and Treasury segments. Its core product and service portfolio includes deposit products, comprising demand deposits, term savings, tiered-rate savings, accumulation deposit accounts, and foreign currency accounts; consumer and retail financing, including residential mortgage loans, home renovation loans, automobile purchase loans, consumer consumption loans, overseas education financing, and securities backed lending; corporate financing, including short-term working capital facilities, medium- and long-term capital expenditure loans, project financing, import-export credit, and subsidized commercial lending; trade finance and international banking, encompassing documentary letters of credit (L/C), collection services, domestic and overseas bank guarantees, bid and performance bonds, advance payment guarantees, and financial verification services; card and payment services, including Visa, MasterCard, JCB, and China UnionPay (CUP) credit, debit, and prepaid cards, automated teller machine (ATM) card services, payroll card management, and merchant point-of-sale (POS) solutions; and treasury and cash management services, including foreign exchange spot and forward transactions, interbank liquidity management, domestic wire transfers, cross-border remittances, and MoneyGram agency services. These services are delivered through physical branches, transaction offices, and digital banking platforms, including the SAIGONBANK Smart Banking mobile application, iBanking web portal, SMS banking, and e-commerce payment gateways. Geographically, Saigon Bank for Industry and Trade operates an extensive branch and transaction office network spanning major economic centers, provinces, and municipalities across Vietnam. The bank also maintains correspondent banking relationships with financial institutions globally to support international payment and trade operations. In recent developments, Saigonbank has been executing its comprehensive restructuring and development strategy toward 2025 and 2030, focusing on capital fortification, digital transformation, and corporate governance alignment with State Bank of Vietnam regulations. The bank has initiated capital increase procedures through stock dividend distributions and equity issuances to augment its charter capital, bolster capital adequacy, and support expanded credit capacity. Strategically, the bank has signed advisory agreements to prepare for the official transfer of its stock listing from the Unlisted Public Company Market (UPCoM) to either the Ho Chi Minh City Stock Exchange (HOSE) or the Hanoi Stock Exchange (HNX). In operational and technology initiatives, Saigonbank signed strategic partnerships, including a collaboration with Quang Trung Software City (QTSC) and VETC to develop smart parking systems and integrate contactless cashless payment infrastructure, while continuing to upgrade its digital platforms, payment processing capabilities, and risk management systems.