Moody’s affirms SHB stable outlook
Moody’s Investors Service has announced B2 long-term local and foreign currency deposit ratings for Saigon - Hanoi Commercial Joint Stock Bank (SHB). The outlook on SHB’s long-term ratings is stable.
Moody’s Investors Service has announced B2 long-term local and foreign currency deposit ratings for Saigon - Hanoi Commercial Joint Stock Bank (SHB). The outlook on SHB’s long-term ratings is stable.
The large credit spending on the agriculture companies is negatively impacting the business results of SHB, making its profits become much lower than its competitors.
Starting from very different positions in 2010, but since 2014, five banks have followed one after another closely regarding their total assets in which the distance of their values is usually under VND50 trillion (roughly US$2.2 billion).