Sai Gon Joint Stock Commercial Bank History and Business Performance

Sai Gon Joint Stock Commercial Bank has a rich history that spans over three decades. Founded in 1993, it has grown to become one of the largest banks in Vietnam.

The bank's history began with a humble start, but it quickly expanded its operations to become a major player in the Vietnamese banking industry. Its business performance has been impressive, with a significant increase in assets and profits over the years.

Sai Gon Joint Stock Commercial Bank has a strong presence in Vietnam, with a large network of branches and subsidiaries. This has enabled the bank to offer a wide range of financial services to its customers.

Sai Gon Joint Stock Commercial Bank, or SCB, has a fascinating history that's worth exploring. SCB was established in 2012 through the merger of three smaller banks: First Bank (Ficombank), Vietnam Tin Nghia Bank (TinNghiaBank), and Saigon Bank (SCB).

These three banks were all headquartered in Ho Chi Minh City and were controlled by businesswoman Trương Mỹ Lan. They had faced bankruptcy in 2011 due to their risky investments in real estate transactions.

The Vietnamese Central Bank allowed the merger of these three banks, with Trương Mỹ Lan maintaining control through a network of middlemen. This move was notable, as 93% of the banks' loans went to her company Van Thinh Phat and associated straw companies.

Between 2012 and 2022, SCB issued over 2,500 loans worth more than $44 billion to Trương Mỹ Lan's company, which accounted for 93% of the bank's loan portfolio.

Sai Gon Commercial Bank is headquartered in Ho Chi Minh City, specifically at No. 19-21-23-25, Nguyen Hue Boulevard, Ben Nghe Ward, District 1.

The bank's full name in Vietnamese is Ngan hang Thuong Mai Co Phan Sai Gon, with an abbreviated name in Vietnamese of Ngan hang Sai Gon. In English, the bank's full name is Sai Gon Joint Stock Commercial Bank, and it's commonly abbreviated as SCB.

The bank's charter capital is a significant VND15,231,688,100,000, which was established from November 27, 2018.

Sai Gon Commercial Bank, or SCB for short, is a well-established bank in Vietnam.

The bank's full name in Vietnamese is Ngan hang Thuong Mai Co Phan Sai Gon, and its abbreviated name in Vietnamese is Ngan hang Sai Gon.

SCB's full name in English is Sai Gon Joint Stock Commercial Bank, and its abbreviated name is simply SCB.

You can find the bank's Head Office at No. 19-21-23-25, Nguyen Hue Boulevard, Ben Nghe Ward, District 1, Ho Chi Minh City.

The bank's charter capital is a significant VND15,231,688,100,000, which was established on November 27, 2018.

SCB is a leading financial institution in Thailand, with a rich history dating back to 1908. The bank's mission is to be a trusted partner for all customers, providing innovative financial solutions to meet their diverse needs.

SCB offers a wide range of job opportunities across various fields, including digital banking, investment, and risk management. The bank's commitment to innovation and technology has created a dynamic work environment that fosters creativity and collaboration.

With a strong presence in Thailand and a growing presence in Southeast Asia, SCB is an attractive employer for professionals looking to make a difference in the financial industry. The bank's talent acquisition process is designed to identify top talent and provide opportunities for growth and development.

SCB's career development programs are designed to equip employees with the skills and knowledge needed to succeed in their roles and advance in their careers. The bank's commitment to employee development is evident in its investment in training and development initiatives.

Whether you're a recent graduate or an experienced professional, SCB offers a challenging and rewarding work environment that allows you to grow and develop your skills.

SCB's Financials is a vital aspect of the bank's operations. The bank reported a net profit of 12,400 billion VND in 2020.

SCB's revenue has been steadily increasing over the years. In 2020, the bank's revenue reached 54,500 billion VND.

The bank's asset quality has also been improving, with a non-performing loan ratio of 2.23% in 2020.

A bank run occurred at SCB following the arrest of Truong My Lan, the chairwoman of Van Thinh Phat Group, on charges of fraud in the issuance and trading of An Dong bonds on October 6, 2022.

This event triggered a massive withdrawal of money by customers at SCB, with Vietnamese sources citing October 8 as the date of the arrest that led to the bank run.

SCB - Saigon Commercial Bank's revenue is substantial, ranging from 501m to 1b.

The bank's revenue is a significant indicator of its financial health, and in this case, it's clear that SCB has a strong financial foundation.