notes to the consolidated financial statements - Sacombank

Results for some operational safety indices of Sacombank as at 31 December 2011
Sacombank Stipulated by SBV
Percentage of current portion of medium/long-term loans 22.36% =9%
Single-entity capital adequacy ratio 11.66% >=9%
Solvency ratio on exchange date 21.40% >=15%
VND 156% >=100%
USD 355% >=100%
EUR 822% >=100%
GBP 19.872% >=100%
The human risk factor is set at the top
On the basis of the awareness that “the risk of all risks is the human factor,” Sacombank has set out specific groups of
solutions in order to minimise the risks relating to business ethics. The details are as follows
- First: focus on recruitment and professional training.
- Second: create a transparent working environment;
- Third: associate controls with processes, rules, decentralisation and application of information technology;
- Fourth: fair and timely rewards and punishments..
At Sacombank, most employees involved in the business activities of the Bank are carefully selected and trained
systematically and scientifically in both professional knowledge and business ethics in order to provide a workforce
that is skilled, honest and responsible.
With the aim of further improving the quality of business operations, last year, Sacombank focused resources on
strengthening, correction, improvement and restructuring and has achieved praiseworthy results. This has created a
firm ground for Sacombank to develop Safely and Efficiently in the coming years.
ANNUAL REPORT 2011 66