Habubank and SHB

Abstract

Perhaps the oldest bank, Habubank was licensed to establish late 1988 and came into operation initially in Hanoi area in Jan 1989. By 1992, with the same amount of charter capital of VND5 billion, the bank expanded nation-wide in accordance with the Ordinance on banking and credit collectives. In Sept. 2007, Habubank issued additional share of 10% through private placement and Deutsche Bank AG became its first foreign shareholder. Habubank was also among those few banks that quickly increased their charter capital to VND3 trillion by the end of 2004 and VND4.05 billion by the end of 2011.