notes to the consolidated financial statements - Sacombank

WoRDS oF GRAtItUDE
“Among the strongest forces driving Sacombank’s development over the last 20 years to become
one among the few strong commercial joint stock banks of Vietnam are the Bank’s highly motivated
staff; the strong support from shareholders; the love, trust and loyalty of customers; and the
leadership and great assistance from officials of the central and local regulatory agencies, the
mass media, etc. All these have combined to create a great foundation for Sacombank to grow
confidently and sustainably.”
Nowadays, Sacombank is considered a pioneer among
commercial joint stock banks in Vietnam, being the first
to reform its operations, expand its market and cooperate
with international strategic partners. Among the strongest
forces driving Sacombank’s development over the last 20
years to become one among the few strong commercial
joint stock banks of Vietnam are the Bank’s highly
motivated staff; the strong support from shareholders; the
love, trust and loyalty of customers; and the leadership
and great assistance from officials of the central and local
regulatory authorities, the mass media, etc. All these have
combined to create a great foundation for Sacombank to
grow confidently and sustainably.
Sacombank would like to extend its gratitude to
70,000 existing shareholders and investors. Many of
these friends have been with Sacombank from the very
challenging start-up days, and others have supported and
trusted in Sacombank since the Bank issued shares publicly
in 1997, through its listing on the Hochiminh City Stock
Exchange in 2006 under the ticker STB, and up to now.
9
ANNUAL REPORT 2011
We would like to extend a special gratitude to our domestic
and foreign strategic shareholders, who have actively
supported us in terms of technology, capital resources,
management expertise and technical support in areas like
risk management. This support has formed the basis for
Sacombank’s great advances to catch up with the world’s
financial and monetary industry standards
Sacombank would like to celebrate its nearly 10,000
current staff members as well as generations of staff
during the past 20 years, who have made constant
contributions to the development of the Bank. We would
like to celebrate the committed founders; the skilled and
visionary leaders; the experienced and dedicated Board
of Management; the capable managers as well as the
loyal and diligent staff members who have supported the
Bank with their service over the years. All have gathered
together to create an extraordinary positive force. They
have combined to give Sacombank a rich corporate culture
that has been refined over 20 years and handed down from
generation to generation. Sacombank would like to thank
you for such precious contributions, which are significant
intangible assets that drive the growth and development
of Sacombank now and in future.