notes to the consolidated financial statements - Sacombank

In early 1990s, in the context of the credit crisis, Saigon Thuong Tin Commercial
Joint Stock Bank (Sacombank) was incorporated on the basis of
merger and combination of the four most stable credit institutions at
that time. With the ambition for forming a new banking model heading
for a sustainable career, Sacombank overcame many challenges, constantly
innovated for adaptation (1991-2000), made constant efforts for
reaching higher and further (2001-2010), and has affirmed its position
as the top commercial bank in the financial market of Vietnam and the
region (2011-2020).
After 20 years of development, Sacombank has been matured in various
aspects, growing from the initial VND3 billion of charter capital to
VND10,740 billion today , and from 100 first employees to a strong workforce
of 10,000 successive employees of skills and passions. Sacombank
is currently one of the top commercial banks of Vietnam with a wide network
of 408 transaction offices in all over Indochina, and relationships
with 14,721 agencies under 811 banks in 86 countries and territories in
the world.
time impression
20 YEARS’ INNOVATION AND DEVELOPMENT