Sacombank - Chau Doc Branch - Vietnam

1991: Formed from the merger of community credit institutions. Sacombank was among the first joint stock banks incorporated in Hochiminh City.1993: Opened its branch office in Hanoi. It was the first bank to provide express remittance service between Hanoi and HCM. The service has greatly reduced physical cash transactions in Vietnam’s two largest cities.1995: Held the unusual general shareholder meeting to restructure the Bank and drew up its first 5-year Strategic Plan. Mr. Dang Van Thanh was appointed as the Chairman. This event marked a significant milestone for Sacombank.1997: Issued shares at par value of VND 200,000 per share, and became the first bank to make public offering. The Bank’s shares attracted almost 9,000 shareholders, and increased its chartered capital to around VND 71 billion.