9.1. Bank Information
Banking Licence No.
0041/NH-GP
115/GP-NHNN
13 November 1993
30 November 2018
The Banking Operation Licence was granted by the State Bank of Vietnam and is valid for 50 years from the granting date. The Establishment and Operation Licence No. 115/GP-NHNN has been amended several times, the most recent of which is the Amendment under Decision No. 08/QD-NHNN dated 4 January 2023. The term of operation of the Bank is 99 years from 13 November 1993.
Business Registration
Certificate No.
1800278630
17 June 2013
The Bank’s Business Registration Certificate has been amended several times, the most recent of which is the 31st Amendment to Business Registration Certificate dated 12 August 2022.
Board of Directors
Mr. Do Quang Hien
Chairman
Mr. Vo Duc Tien
Vice Chairman
Mr. Nguyen Van Le
Member
Mr. Thai Quoc Minh
Member
Mr. Do Quang Vinh
Member
(appointed on 20 April 2022)
Mr. Do Van Sinh
Independent Member
(appointed on 20 April 2022)
Mr. Pham Cong Doan
Member
(dismissed on 20 April 2022)
Ms. Nguyen Thi Hoat
Member
(dismissed on 20 April 2022)
Mr. Trinh Thanh Hai
Member
(dismissed on 20 April 2022)
Board of Management
and Chief Accountant
Ms. Ngo Thu Ha
Chief Executive Officer (*) (from 1 September 2022) Acting Chief Executive Officer (from 20 July 2022 to 31 August 2022) Deputy Executive Officer (until 19 July 2022)
Mr. Le Dang Khoa
Deputy Executive Officer
Mr. Nguyen Huy Tai
Deputy Executive Officer
Ms. Ninh Thi Lan Phuong
Deputy Executive Officer
Ms. Hoang Thi Mai Thao
Deputy Executive Officer
Mr. Do Duc Hai
Deputy Executive Officer
Mr. Do Quang Vinh
Deputy Executive Officer
Mr. Luu Danh Duc
Deputy Executive Officer
(appointed on 1 September 2022)
Ms. Ngo Thi Van
Chief Accountant
(*) From 4 August 2021 until 19 July 2022, Mr. Vo Duc Tien, Vice Chairman, was assigned to take charge of management of the Bank.
Legal Representative
Mr. Do Quang Hien
Chairman
Registered office
No. 77 Tran Hung Dao, Hoan Kiem District Hanoi, Vietnam
Auditor
KPMG Limited Vietnam
9.2. Statement of the Board of Management
The Board of Management of Saigon - Hanoi Commercial Joint Stock Bank (“the Bank”) presents this statement and the accompanying consolidated financial statements of the Bank and its subsidiaries (collectively referred to as “SHB”) for the year ended 31 December 2022.
The Board of Management of the Bank is responsible for the preparation and fair presentation of the accompanying consolidated financial statements in accordance with Vietnamese Accounting Standards, the Vietnamese Accounting System applicable to Credit institutions issued by the State Bank of Vietnam and the relevant statutory requirements applicable to financial reporting. In the opinion of the Board of Management.
(a)
the consolidated financial statements set out on pages 6 to 76 give a true and fair view of the consolidated financial position of SHB as at 31 December 2022, and of its consolidated results of operations and consolidated cash flows for the year then ended in accordance with Vietnamese Accounting Standards, the Vietnamese Accounting System applicable to Credit institutions issued by the State Bank of Vietnam and the relevant statutory requirements applicable to financial reporting; and
(b)
at the date of this statement, there are no reasons for the Board of Management to believe that SHB will not be able to pay its debts as and when they fall due.
The Board of Management has, on the date of this statement, authorised the accompanying consolidated financial statements for issue.
On behalf of the Board of Management
Ngo Thu Ha
Chief Executive Officer
Hanoi, 20 March 2023
9.3. INDEPENDENT AUDITOR’S REPORT
To the Shareholders
Saigon - Hanoi Commercial Joint Stock Bank
We have audited the accompanying consolidated financial statements of Saigon - Hanoi Commercial Joint Stock Bank (“the Bank”) and its subsidiaries (collectively referred to as “SHB”), which comprise the consolidated statement of financial position as at 31 December 2022, the related consolidated statements of income and cash flows for the year then ended and the explanatory notes thereto which were authorised for issue by the Bank’s Board of Management on 20 March 2023, as set out on pages 160 to 223.
Management’s Responsibility
The Bank’s Board of Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with Vietnamese Accounting Standards, the Vietnamese Accounting System applicable to Credit institutions issued by the State Bank of Vietnam and the relevant statutory requirements applicable to financial reporting, and for such internal control as the Board of Management determines is necessary to enable the preparation of the consolidated financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Vietnamese Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Bank’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Bank’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Bank’s Board of Management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Auditor’s Opinion
In our opinion, the consolidated financial statements give a true and fair view, in all material respects, of the consolidated financial position of Saigon - Hanoi Commercial Joint Stock Bank and its subsidiaries as of 31 December 2022 and of their consolidated results of operations and their consolidated cash flows for the year then ended in accordance with Vietnamese Accounting Standards, the Vietnamese Accounting System applicable to Credit Institutions issued by the State Bank of Vietnam and the relevant statutory requirements applicable to financial reporting.
KPMG Limited
Vietnam
Audit report No. 22-02-00089-23-4
Wang Toon Kim
Practicing Auditor Registration
Certificate No. 0557-2023-007-1
Deputy General Director
Hanoi, 22 March 2023
Pham Thi Thuy Linh
Practicing Auditor Registration
Certificate No. 3065-2019-007-1