BNK Busan Bank Strengthens Cooperation with Vietnam Saigon-Hanoi Bank

BNK Busan Bank discussed mutual cooperation plans with the management of Saigon-Hanoi Bank (SHB), a local commercial bank in Vietnam, at the Busan Bank headquarters on the 24th.

On this day, Busan Bank President Bang Seong-bin and SHB Vice Chairman Do Quang Vinh (also serving as Vice President) exchanged opinions on cooperation plans such as joint projects between the two banks and visited the headquarters sales department to tour the paperless system and digital desk demonstrations.

Vietnam's SHB is a mid-sized bank rapidly growing in Vietnam, with total assets of 29 trillion KRW and a net profit of 400 billion KRW as of 2022. It is one of the top 10 commercial banks in Vietnam and among the top 100 ASEAN banks.

In particular, SHB recently raised 40 million USD in cooperation with the International Finance Corporation (IFC) to support regional companies, small and medium enterprises, and women-owned businesses, and is discussing an additional 50 million USD support for SMEs. It collaborates with various international financial institutions such as the World Bank.

At the BNK Busan Bank headquarters, Bang Seong-bin, President of Busan Bank (fourth from the left), and Quang Vinh, Vice Chairman of Saigon-Hanoi Bank (fifth from the left), along with other officials, are taking a group commemorative photo.

Since President Bang Seong-bin took office in April, Busan Bank has established the vision goal of becoming a "Top-class Glocal Bank" and is transforming Vietnam, where the Ho Chi Minh branch and Hanoi office are located, into a global hub center.

In the meeting with SHB, Busan Bank focused on discussing plans to expand business in the local Vietnamese financial market.

Busan Bank plans to expand cooperation with local leading financial institutions by increasing joint business opportunities between the two banks, such as participating in high-quality local project financing deals, bond investments, digital finance collaboration, and financial system exchanges.

Busan Bank President Bang Seong-bin said, "We plan to actively discover new revenue-generating engines such as IB and digital by expanding cooperation with leading financial institutions like SHB that are leading the Vietnamese financial market."

This content was produced with the assistance of AI translation services.