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ANNUAL
REPORT
2005
CONTENTS
Page 29
2005 Financial highlights
Page 30
Message from the Chairman
Page 32
Report on 2005 operational performance
Business directions and targets for 2006
Page 39
Auditors' report
Page 40
Financial statements
Page 24
The Board of Directors,
the Supervisory Board and the Management
Page 50
Organization chart
Page 51
Correspondent banks
Page 57
Branch network
28
ANNUAL REPORT 2005
SAIGON BANK
2005 FINANCIAL HIGHLIGHTS
Net income (VND)
Total assets (VND)
Shareholders' equity (VND)
SAIGON BANK
80,021 million
4,290,929 million
400,000 million
Return on average assets
2.14%
Return on average equity
23.10%
ANNUAL REPORT 2005
29
MESSAGE FROM THE CHAIRMAN
Dear shareholders,
In the year 2005, the domestic economy in terms of GDP still retained
its high growth rate of 8.4%. Nevertheless, it had also met with many
difficulties arising out of the continuous unstable rise in oil and gold
prices which had directly impacted the Vietnamese economy, especially
the banking and financial sectors.
In addition to these economic impacts, the banking activities were
Mr. NGUYEN VAN UC
Chairman
nevertheless quite bustling in 2005 and considerably influenced by the
fierce competition among growing domestic banks and by the rise in
interest rates of the US Federal Reserve System. These factors had consequently pushed the deposit
interest rates of both local and foreign currencies up, thus indirectly hitting the banking activities.
Against such general background, Saigon Bank’s activities still attained a high growth rate of
34%, higher than the banking industry’s average growth rate of 25%. This can be seen by the
Bank’s expansion of branches from 18 to 26 in various key regions of the entire country, its investment
in modernization of banking information technology, its ATMs being linked to VNBC system on
the round-the-clock basis accepting Visa cards and installed in cities or provinces where its
transaction offices are operating; all of which have enabled Saigon Bank to develop more facilities
for its customers.
In 2006, with the forecasts of volatile events on the world economy, the possibility of Vietnam
becoming a member of WTO, and the process of regional integration, the Vietnamese enterprises,
especially the banking industry, will no doubt face a lot of both opportunities and challenges. To
overcome these challenges, to be firm in its market position and to develop further, Saigon Bank’s
Board of Directors has determined to enhance the Bank’s internal strengths notably in the fields of
finance, technology and human resources in order to expand its operating scale, diversify its products
and services, and create the most favorable conditions for its customers.
30
ANNUAL REPORT 2005
SAIGON BANK
The road ahead is nevertheless still bumpy; however, with its traditions of solidarity, determination,
dynamism, and the creativity of its executives and employees, Saigon Bank strongly believes that
these obstacles will be overcome and that it will be able to accelerate its development efforts.
In each of its development steps, Saigon Bank always highly appreciates every invaluable
contribution and assistance from its shareholders and customers and expects to continue receiving
the warm support from you all and from the Bank’s employees so that Saigon Bank can become
one of the leading commercial banks in Vietnam.
Once again, on behalf of the Board of Directors, I would like to send you shareholders and customers
our sincere thanks and wish all of you good health and success.
Sincerely yours,
Chairman
Nguyen Van Uc
SAIGON BANK
ANNUAL REPORT 2005
31
REPORT ON 2005 OPERATIONAL PERFORMANCE
BUSINESS DIRECTIONS AND TARGETS FOR 2006
I. OVERVIEW OF VIETNAM’S ECONOMY IN 2005
1. Factors impacting economic activities:
- Bird flu pandemic and its psychological impact had caused substantial losses to the livestock
industry and the people at large.
- The year-round CPI increased by 8.4%, in which prices of consumer goods and essential
commodities such as food and foodstuffs and oil had augmented.
- The real estate market was frozen due to changes in property policies and regulations; housing
prices were substantially high making it impossible for people who had real demand for houses to
afford.
2. Vietnam’s economic situation in 2005:
- Vietnam’s GDP growth rate in 2005 recorded 8.4%, the highest level attained within the past
eight years.
- Economic structure had continued to show positive shift thanks to the increased shares of the
industrial and construction sector and the service sector in GDP, being 41% and 38.5% respectively.
- Investment capital, the factor determining growth rates, showed remarkable trend:
+ Total invested capital reached VND310,000 billion, accounting for 38.2% of GDP;
+ Domestic investment had significantly increased, in which non-state invested capital was the
highest and accounted for nearly one-third of the total invested capital;
+ Foreign direct investment (FDI) reached more than USD5.8 billion, the highest level attainable
since 1998;
+ Disbursement of official development assistance (ODA) capital reached USD1.7 billion, the
highest level attainable so far;
- Total retail sales of goods and services increased by over 20%. Even when inflation rate was
taken into account, it still had augmented by over 11%, 1.3 times as high as the GDP growth rate
and was the highest level attainable so far;
- Export values recorded USD32.2 billion and accounted for approximately 60% of GDP;
- Vietnamese overseas remittance of money in 2005 attained the level of USD3.8 billion, an
increase by 20% compared to the year 2004;
- Banking activities in 2005 had shown major events such as:
1) The monetary policies had been tightly managed by the State Bank of Vietnam (SBV) while the
money market had become permanently “hot” without unforeseeable interest rate increase.
2) The foreign exchange market had shown opposing tendency: gold prices had hiked while the
foreign exchange rates had remained rather stable.
32
ANNUAL REPORT 2005
SAIGON BANK
3) Banking legal environment had been increasingly perfected by various decisions made by the
SBV.
4) The joint-stock commercial banking system had developed in scale, quality and efficiency.
The year 2005 had marked a rapid development of joint -stock commercial banks with respect to
their networks, technology, quality of their manpower and business scale. Stocks of urban jointstock commercial banks had attracted investors and the transaction prices in the OTC market had
been substantially higher than the initial face values.
5) There was a boom in the bank card service market with
the participation of some 17 commercial banks issuing
domestic bank cards and 6 commercial banks issuing
international credit cards.
6) Government bonds had been successfully issued in the
international financial markets.
II. SAIGON BANK’S OPERATIONS IN 2005:
Operating in the above-mentioned environment and
responding to the 2005 targets set forth by the General
Meeting of Shareholders, Saigon Bank did achieve the
following results:
1. Total assets: As of 31/12/2005, amounted to
VND4,290.93 billion, an increase by 34.58% as compared
to those at end of 2004, accounting for 103.60% of the
planned target with details as follows:
1.1. Chartered capital: VND400 billion, an increase by
31.79% as compared to that at end of 2004, accounting for
100% of the planned target.
1.2. Mobilized capital: VND3, 618.64 billion, an increase
by 34.77% as compared to that at the 2004 year-end,
accounting for 105.44% of the planned target.
2. Credit activities: As of 31/12/2005, total outstanding
loans amounted to VND3, 574.14 billion, an increase by
36.16% as compared to those at end of 2004, accounting
for 112.75% of the planned target.
2.1. Details of credit activities were as follows:
- Loans belonging to group 1: VND3, 547.75 billion, an
increase by 35.71% as compared to that at end of 2004,
accounting for 99.26% of the outstanding loan total.
- Loans belonging to group 2: VND19.20 billion,
accounting for 0.54% of the outstanding loan total.
SAIGON BANK
ANNUAL REPORT 2005
33
- Loans belonging to groups 3-4 (non-performing loans):
VND7.19 billion, accounting for 0.20% of the loan
outstanding total.
- Loans belonging to group 5: None.
2.2. Guarantees: VND29.40 billion.
2.3. Assessment of credit activities: Four distinct
characteristics stood out as follows:
2.3.1. The quality of credit was enhanced and raised by
classification and selection of customers and classification
of loans in accordance with SBV’s stipulations, loans
secured by pledged assets, interest collected timely and in
full, loans belonging to groups 3 and 4 accounting for only
0.20% of the outstanding loan total (much lower than the
ratio of 5% allowed by the SBV) and no outstanding loan
belonging to group 5.
2.3.2. Good credit growth rate was recorded, an increase
by 36.16% as compared to that of 2004 (average credit
growth rate among local banks was 20%).
2.3.3. In 2005, 95.58% of funds financed by the World
Bank’s Rural Finance Project II were effectively used. This
reflects Saigon Bank’s prestige and forms a favorable basis
for the World Bank’s consideration of an increase in credit
line for Saigon Bank in 2006.
2.3.4. All the general risk provisions at the ratio of 0.75%
of the total outstanding loans and guarantees were set aside
in the year 2005 instead of being spread over 5 consecutive
years as prescribed by the SBV.
3. Service activities:
3.1. International banking activities: International
settlement turnover amounted to USD270.06 million, an
increase by 10.52% as compared to that of 2004, accounting
for 98.29% of the planned target.
3.2. Forex dealing activities: Total forex dealing turnover came to USD801.44 million. Forex
dealings were aimed at supplying sufficient foreign currencies for settlements while observing safety
ratios and applying risk hedging measures as required by SBV in forex trading.
3.3. Card activities:
- International credit cards: Settlement turnover increased by 16.80% as compared to that of 2004.
- Saigon Bank’s multi-purpose bankcards:
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ANNUAL REPORT 2005
SAIGON BANK
+ Saigon Bank issued 49,204 cards in total.
+ Saigon Bank invested more funds to purchase 20 new ATMs, bringing the total number of ATMs
to 53, which are currently installed at the HO and branches in big cities/provinces such as Ha Noi,
HCMC, Quang Ninh, Da Nang, Can Tho and Bac Lieu.
+ Saigon Bank was connected in equal footing with VNBC system in early 2005 and by end of
2005, the VNBC system accepted the participation of 2 new member banks, the Housing Bank of
Mekong Delta (MHB) and HaBuBank (HBB) in Ha Noi. As a result, the holders of multi-purpose
Saigon Bankcards can make transactions at over 300 ATMs and 1,000 POS in the VNBC system.
+ In mid-October 2005, the VNBC system was connected
with the China-based China UnionPay (CUP). Accordingly,
Chinese tourists can withdraw funds at ATMs operated by
Saigon Bank and VNBC system.
+ Saigon Bank had its Visa Plus ATM Acquiring Project
successfully tested with Visa International and as early as
2006, holders of Visa international cards can withdraw funds
at ATMs operated by Saigon Bank.
3.4. Cash payment and domestic settlement activities: Total
settlement in 2005 came to VND281.94 trillion. The whole
system had guaranteed safety in cash payment operations
and domestic settlement, accurate counting and verifying
and timely meeting customers’ requirements for cash. In
addition, Saigon Bank, as a member of the Interbank
Electronic Payment System (IBPS), can serve its customers
better in funds transfer to any regions in the country in the
shortest time.
4. Capital contribution, share purchase:
Opening Ceremony of Tan Dinh branch
(25/11/2005)
Operations at Ben Thanh sub-branch
(Opened on 28/10/2005)
As of 31/12/2005, Saigon Bank had contributed VND57.50
billion to various organizations, of which VND36 billion
had been released to the Asset Management Company.
5. Financial investment: As of 31/12/2005, Saigon Bank
had purchased state treasury bills and municipal bonds
valued at VND193.20 billion, an increase by 92.24% as
compared to that of 2004. This activity enabled Saigon
Bank to earn VND10.85 billion in profit and at the same
time to enhance its liquidity capacity in the year 2005.
Agreement Signing Ceremony for HBB and
MHB’s connection with VNBC System
6. Human resources organization: In 2005, Saigon Bank:
- appointed a new Deputy Director General in charge of the operations in the Northern Region.
- recruited 230 employees and nominated 72 young capable cadre to management positions at
the HO and branches.
SAIGON BANK
ANNUAL REPORT 2005
35
- regularly assigned executives and subordinates to participate in domestic and foreign training
courses provided by the Vietnam Banks Association, SBV, and Bank Training Center to upgrade
their banking knowledge and operational skills and to prepare them for the development and
integration stages in the years to come.
7. Internal inspection and control:
Saigon Bank had proceeded with periodic on-site inspection on activities of the entire system and
did organize the internal control unit at each branch of the branch network. After the inspection, the
Legal-Internal Control Department had come up with suggestions and measures to straighten up
the shortcomings of the subject units in order to ensure stable development and safety in the bank
business.
8. Social activities:
In 2005, from contributing one day salary per quarter of all employees as a source of funds and the
welfare fund, Saigon Bank supported social activities with VND230.85 million to build charity
houses, to support flood and agent orange victims and poor patients.
9. Operational results:
In 2005, Saigon Bank earned a pre-tax profit of VND111.14 billion, accounting for 116.99% of the
year target set forth by the General Meeting of Shareholders.
10. Dividend:
Dividend envisaged to be paid out to shareholders for the year 2005 is 15%/p.a.
III. BUSINESS DIRECTIONS AND TARGETS FOR 2006:
1. Operational objectives and directions for 2006:
- Growth and safety in banking activities during the course
of implementing the Core Banking System Project.
- Thorough planning for successful development and
building of modern banking technology system.
- Adjustment and continued expansion of transaction
outlets and branches in the bank network in key economic
regions within the whole country.
Review meeting on 2005 operational
performance
- Consolidation and development of existing products,
more research initiated to prepare for e-banking activities,
and new operation in factoring.
- Enhancement of quality in operations, especially credit
operation.
Production activities of one of Saigon Bank’s
customers
- Consolidation and augmentation of liquidity to ensure banking operational safety.
- Continued study for application of the bank organizational structure capable of meeting the
requirement for renovation in the integration phase.
36
ANNUAL REPORT 2005
SAIGON BANK
- For human resources, continued training and updating banking knowledge and skills so as to
supplement manpower with adequate qualifications to cope with the operation of new banking
technology, and implementation of operations and management in accordance with international
standards.
- Renovation of customer service manners to meet new technology and banking management in
compliance with the state-of-the art model.
- Continued building and promotion of Saigonbank trademark.
2. Targets for 2006:
2.1. Chartered capital: To be increased to VND620 billion (an increase of VND220 billion).
2.2. Mobilized capital: To rise up to VND4, 846 billion, an increase by 33.92% as compared to
that in 2005.
2.3. Outstanding loans: To amount to VND4, 632 billion, an increase by 29.58% as compared to
that in 2005.
2.4. Non-performing loans (Groups 3, 4, 5): To control their limit within 2% of the total outstanding
loans.
2.5. Operational results: To reach VND130 billion in pre-tax profit (general and specific risk
provisions already set aside as per Decision No. 493/2005/QÑ-NHNN issued by the SBV,
extraordinary income not included).
2.6. Dividend: To be at least 14%/p.a.
3. Implementation measures for 2006:
3.1. Operational measures:
- Issuing new shares to the existing shareholders.
- Establishing new branches as per the target for the
expansion of the operational network.
A performance by Saigon Bank’s musical
group
- Studying and building a suitable organization model to promote changes in service manners in
line with the administrative reform measures in dealing with customers.
- Issuing bonds (bills, notes).
- Transferring and balancing the asset-liability portfolio to ensure liquidity, expand financial
investment in prevention of risks, and enhance effectiveness and operational safety.
- Implementing the Core Banking System Project. In 2006, every endeavor shall be made to
develop and complete Phase I of the project in the shortest time.
Contents of the implementation phases of the Core Banking System Project are as follows:
+ Phase 1: Building the Primary Database Center (PDC) and the Backup Database Center (BDC),
developing application systems such as automation, and support for transactions at counters.
SAIGON BANK
ANNUAL REPORT 2005
37
+ Phase 2: Developing products of a new bank via electronic channels such as E-commerce banking,
internet banking and management tools such as risk management, marketing, loan assessment,
account management, asset-liability management…. and management reporting system.
- Studying and formulating development strategies for business activities and services in the 20062010 period.
3.2. Supporting measures:
3.2.1. Human resources:
- To continue to train, foster and supplement workforce in the forms of domestic, overseas training,
and in-house training through programs initiated by the Vietnam Banks Association, SBV, and
foreign experts in the fields of operation of new banking technology.
- To plan for and supplement executive manpower in succession at all hierarchical levels,
competent enough to manage and operate banking activities in accordance with new technology,
and standard banking procedures in the context of a modern bank model.
3.2.2. Operational statutes: To fully supplement all operational statutes in compliance with the
SBV regulations in order to create legal bases for banking activities by application of customer
classification and preferential policy, risk management, asset-liability management, and issuance
of a credit manual…
3.2.3. Control-inspection: To supplement competent, ethical and experienced cadres for the
control-inspection mechanism to timely detect the dangers and risks occurring in each banking
operation and to propose preventive measures or suitable solutions to ensure safety in banking
activities.
38
ANNUAL REPORT 2005
SAIGON BANK
COÂNG TY KIEÅM TOAÙN & DÒCH VUÏ TIN HOÏC
Auditing & Informatics Services Company
Office: 142 Nguyen Thi Minh Khai Street, District 3, HCMC
Tel: (84-8) 9305163 (10 lines)
Fax: (84-8) 9304281
Email: [email protected]
No: 1205409/AISC-DN
To:
AUDITORS’ REPORT ON THE 2005 FINANCIAL STATEMENTS
OF SAIGON BANK FOR INDUSTRY AND TRADE
THE SHAREHOLDERS OF SAIGON BANK FOR INDUSTRY AND TRADE
1. We have audited the financial statements including: Balance Sheet, Income Statement, Cash Flows Statement
and Notes to the Financial Statements for the fiscal year ended 31/12/2005 of Saigon Bank for Industry and Trade
on page 03 to page 26*.
The Management is responsible for the preparation of financial statements. It is our responsibility to form an
independent opinion, based on our audit, on those financial statements.
2. Basis of auditing
We conducted our audit in accordance with the Vietnamese Government‘s regulations on the accounting-auditing;
and in compliance with the Vietnamese and International Auditing Standards and the general rules on auditing
applicable in the S.R.Vietnam.
An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial
statements. It also includes an assessment of the significant estimates and judgments made by the Management in
the preparation of the financial statements, and of whether the accounting policies are appropriate to the Bank’s
circumstance, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered
necessary in order to provide us with sufficient evidence to give reasonable assurance as to whether the financial
statements are free from material misstatements. In forming our opinion, we also evaluated the overall adequacy of
the presentation of information in the financial statements. We believe that our audit provides a reasonable basis
for our opinion.
3. Opinion
In our opinion, the financial statements give a true and fair view, in all material respects, of the state of affairs of
Saigon Bank for Industry and Trade as at 31 December 2005 and of the results of its operations for the year then
ended.
Those reports have been prepared in compliance with the Chart of Accounts Applicable to Credit Institutionspromulgated in conjunction with Decision No. 479/2004/QD-NHNN dated 29 April 2004 by the Governor of the
State Bank of Vietnam.
Ho Chi Minh City, 20 January 2006
Director
Auditor
Nguyen Huu Tri
Vo Hong Quan
Director
CPA No. 0476/KTV
Issued by the Vietnam Ministry of Finance
Auditor
CPA No. D0204/KTV
Issued by the Vietnam Ministry of Finance
(*From page 40 to page 49 of this Annual Report)
SAIGON BANK
ANNUAL REPORT 2005
39
BALANCE SHEET
As at 31 December 2005
Unit: VND Million
ASSETS
I.
2004
2005
32,435
44,145
42,380
115,140
187,652
164,096
10,093
19,364
-
(145)
2,614,897
3,554,779
(3,756)
(27,670)
100,500
193,200
-
-
52,000
57,500
- Cost
157,683
181,431
- Accumulated depreciation
(30,987)
(41,220)
337
336
20,373
20,965
4,629
10,223
64
528
-
(1,743)
3,188,300
4,290,929
CASH ON HAND
II. DEPOSITS WITH THE STATE BANK
III. DEPOSITS WITH LOCAL AND OVERSEAS
CREDIT ORGANIZATIONS
IV. LOANS TO OTHER CREDIT ORGANIZATIONS
- Loans to other credit organizations
- Loan loss provision
V. LOANS TO DOMESTIC ECONOMIC
ORGANIZATIONS AND INDIVIDUALS
- Loans to domestic economic organizations and individuals
VI. INVESTMENTS
1. Investment in securities
- Investment in securities
- Provision for decline in securities value
2. Capital contribution, share purchase
VII. ASSETS
1. Fixed assets
2. Other assets
VIII. OTHER ASSETS
1. Receivables
2. Interest income accrued
3. Other assets
4. Other provisions
TOTAL ASSETS
40
ANNUAL REPORT 2005
SAIGON BANK
BALANCE SHEET (cont.)
Unit: VND Million
LIABILITIES AND SHAREHOLDERS’ FUNDS
I.
2004
2005
-
-
421,219
537,196
1. Loans from the State Bank
31,000
58,000
2. Loans from domestic credit organizations
75,778
50,000
3. Loans from overseas credit organizations
-
-
4. Capital received for syndicated loans
-
-
2,018,635
2,830,064
138,499
143,378
-
-
7,707
17,507
19,400
39,752
5,441
5,598
303,500
400,000
18,282
-
8,234
-
2. Funds
47,477
98,294
3. Profit/loss
93,128
111,140
3,188,300
4,290,929
DEPOSITS OF THE STATE TREASURY
& OTHER CREDIT ORGANIZATIONS
1. Deposits of the State Treasury
2. Deposits of other credit organizations
II. LOANS FROM THE STATE BANK,
CREDIT ORGANIZATIONS
III. DEPOSITS OF ECONOMIC
ORGANIZATIONS & INDIVIDUALS
IV. CAPITAL FINANCED FOR INVESTMENT TRUST
V. VALUABLE PAPERS ISSUED
VI. OTHER LIABILITIES
1. Payables
2. Interest expense accrued
3. Other liabilities
VII. CAPITAL AND FUNDS
1. Capital
- Share capital
- Construction capital
- Other capital
TOTAL LIABILITIES AND CAPITAL
SAIGON BANK
ANNUAL REPORT 2005
41
BALANCE SHEET (cont.)
OFF - BALANCE SHEET ITEMS
Unit: VND Million
ITEMS
1. Cash without circulation value
2. Valuable papers in foreign currencies
3. Guarantees issued (for customers)
4. Foreign exchange contracts
5. Other guarantees received
6. Outstanding interest receivable in VND
7. Outstanding interest receivable in foreign currencies
8. Bad debts under monitoring
9. Other assets kept for customers
10. Collateral assets from customers
11. Customers’ assets kept by the Bank pending solution
12. Valuable papers pawned by the customers
13. Other valuable papers
TOTAL
42
ANNUAL REPORT 2005
2004
2005
6
9
57,734
91,298
153,135
142,279
3,621
-
-
932
35,513
29,809
1,842
1,853
98,102
89,449
-
-
4,386,002
6,445,471
64,546
63,781
3,208
13,419
134,067
199,206
4,937,776
7,077,506
SAIGON BANK
INCOME STATEMENT
For the fiscal year ended 31 December 2005
PART I - PROFIT, LOSS
Unit: VND Million
ITEMS
2004
2005
284,951
426,365
-
91,033
5,538
10,309
162
1,193
-
-
40
10,931
290,691
448,798
123,348
171,571
65,099
106,316
-
91,033
-
-
TOTAL
188,447
277,887
III. NET INTEREST INCOME
102,244
170,911
190
125
13,844
12,622
-
13
4. Income from money market transactions
9,623
-
5. Income from foreign currency trading
2,062
1,904
6. Income from trust and agent services
141
-
23,943
5,337
1,875
20,847
51,678
40,848
I.
INCOME FROM INTEREST
1. Interest income from lending activities
- Of which, interest income from reconciling capital
2. Interest income from deposits
3. Income from capital contribution, investment
4. Income from finance leasing activities
5. Other income from credit activities
TOTAL
II. INTEREST EXPENSES
1. Interest expense on customers’ deposits
2. Interest expense on borrowings
- Of which, interest expense on reconciling capital
3. Interest expense on valuable papers issued
IV. OTHER INCOMES
1. Income from bank guarantees
2. Income from settlement services
3. Income from treasury services
7. Income from other services
8. Extraordinary income
TOTAL
SAIGON BANK
ANNUAL REPORT 2005
43
INCOME STATEMENT (cont.)
PART I - PROFIT, LOSS (cont.)
Unit: VND Million
ITEMS
2004
2005
90
1,350
3,510
4,219
3. Expense on money market transactions
-
-
4. Loss from foreign currency trading
-
-
5. Other expenses
-
-
6. Taxes
570
302
7. Fees and charges
173
980
19,724
28,416
9. Administrative expenses
9,503
11,890
10. Depreciation expenses on fixed assets
7,831
11,017
11. Other expenses for assets
6,329
7,965
11,789
32,692
1,232
1,787
43
1
TOTAL
60,794
100,619
VI. OTHER NET INCOME
(9,116)
(59,771)
VII. INCOME BEFORE TAX
93,128
111,140
VIII. CORPORATE INCOME TAX
26,076
31,119
IX. INCOME AFTER TAX
67,052
80,021
V. OTHER EXPENES
1. Other expenses on capital mobilization
2. Expense on settlement and treasury services
8. Staff expense
12. Loan loss provision
13. Deposit insurance premiums
14. Other extraordinary expenses
44
ANNUAL REPORT 2005
SAIGON BANK
INCOME STATEMENT (cont.)
PART II - OBLIGATIONS TO THE STATE BUDGET
Unit: VND Million
ITEMS
2004
Payables
Paid
2005
(17,822)
28,405
22,165
(11,582)
58
1,729
1,609
178
2. Special consumption tax
-
-
-
-
3. Import, export duty
-
81
81
-
(17,880)
26,004
19,884
(11,760)
5. Fee for using the State budget
-
-
-
-
6. Natural resources tax
-
-
-
-
7. Land, housing tax
-
7
7
-
8. Land rental
-
-
-
-
9. Other taxes
-
584
584
-
TAXES
1. VAT
4. Corporate income tax
SAIGON BANK
ANNUAL REPORT 2005
45
STATEMENT OF CASH FLOWS
Unit: VND Million
ITEMS
I.
2004
2005
93,128
111,140
8,016
11,017
976
25,803
(21,650)
(329)
(32)
(64)
(645)
-
(8,978)
(10,852)
(163)
(1,193)
-
-
70,653
135,521
-
-
4,341
(9,271)
(907,756)
(939,883)
- (Increase)/Decrease in interest income accrued
(4,629)
(5,594)
- (Increase)/Decrease in other assets
13,948
(1,058)
- Increase/(Decrease) in deposits of credit organizations
246,056
115,977
- Increase/(Decrease) in customers’ deposits
487,433
811,429
19,400
20,353
-
-
- Increase/(Decrease) in borrowings from the State Bank
31,000
27,000
- Increase/(Decrease) in borrowings from other credit organizations
75,778
(25,778)
- Increase/(Decrease) in capital financed for investment trust
88,499
4,879
-
-
(2,847)
5,708
CASH FLOW FROM OPERATING ACTIVITIES
1. Profit before tax
Adjustments for reconciliation
- Depreciation
- Loss (Gain) on disposal of fixed assets
- Loss (Gain) on revaluation of fixed assets
- Loss (Gain) on selling securities
- Loss (Gain) on securities investment
- Loss (Gain) on capital contribution, investment
- Others
2. Cash flow from operating activities before
assets and liabilities changes
(Increase)/Decrease in assets
- (Increase)/Decrease in deposits with other credit organizations
- (Increase)/Decrease in loans to other credit organizations
- (Increase)/Decrease in loans to customers
Increase/(Decrease) in liabilities
- Increase/(Decrease) in interest expense accrued
- Increase/(Decrease) in valuable papers issued
- Increase/(Decrease) in capital received for co-financing
- Increase/(Decrease) in other liabilities
46
ANNUAL REPORT 2005
SAIGON BANK
STATEMENT OF CASH FLOWS (cont.)
Unit: VND Million
ITEMS
2004
2005
121,875
139,283
- Corporate income tax (C.I.T) paid
(41,012)
(19,885)
- Payment from the Bank’s reserves
(6,153)
(8,431)
4. Net cash flow from operating activities
74,710
110,968
(36,748)
(25,424)
21,650
330
(32,480)
(102,700)
19,721
10,000
8,978
10,852
(2,000)
(5,500)
-
-
163
1,193
-
-
(20,717)
(111,249)
53,500
96,500
(27,731)
(35,306)
-
-
Net cash flow from financing activities
25,769
61,194
IV. NET CASH FLOW IN THE YEAR
79,762
60,913
182,706
262,468
262,467
323,381
- Cash, precious metals and stones
32,435
44,145
- Deposits with the State Bank
42,380
115,140
187,652
164,096
3. Net cash flow from operating activities before C.I.T.
II. CASH FLOW FROM INVESTMENT ACTIVITIES
- Fixed assets purchased at cost
- Cash received from disposal of fixed assets
- Securities purchased
- Cash received from selling securities
- Interest received from securities investment
- Capital contribution, investment
- Cash received from capital contribution, investment
- Interest received from capital contribution, investment
- Other investments
Net cash flow from investment activities
III. CASH FLOW FROM FINANCING ACTIVITIES
- Increase/(Decrease) in share capital
- Dividend paid to shareholders
- Other financing activities
V. CASH & CASH EQUIVALENTS AT BEGINNING
OF THE YEAR
VI. CASH & CASH EQUIVALENTS AT YEAR END
CASH & CASH EQUIVALENTS:
- Deposits with other credit organizations
SAIGON BANK
ANNUAL REPORT 2005
47
NOTES TO THE FINANCIAL STATEMENTS
These notes to the financial statements form an integral part of and should be read in conjunction with
the accompanying 2005 financial statements of Saigon Bank for Industry and Trade (“The Bank”).
DETAILS OF SOME ITEMS IN THE FINANCIAL STATEMENTS
A. Movement of fixed assets
Item
I.
Unit: VND Million
Land
Buildings
Office machinery, Transport. Others
equipment
means
Total
- Beginning balance
-
119,396
14,004
- Increase
-
16,718
3,892
2,610
2,204
25,424
- Decrease
-
-
48
1,593
36
1,677
- Ending balance
-
136,114
17,848
9,370 18,098
181,430
At cost
8,353 15,930
157,683
II. Accumulated depreciation
- Beginning balance
-
18,467
2,171
3,307
7,041
30,986
- Increase
-
4,871
2,643
1,328
2,460
11,302
- Decrease
-
-
48
986
34
1,068
- Ending balance
-
23,338
4,766
3,649
9,467
41,220
- Beginning balance
-
100,929
11,833
5,046
8,889
126,697
- Ending balance
-
112,776
13,082
5,721
8,631
140,210
III. Net book value
B. Employees’ income
ITEM
I.
2005
Total number of employees
622
II. Employees’ income
1. Total salary
24,585
2. Bonus
-
3. Total income
24,585
4. Average salary (person / month)
3.29
5. Average income (person / month)
3.29
C. Overdue loans
ITEM
I.
Total outstanding loans
48
ANNUAL REPORT 2005
2004
2005
2,624,990
3,574,142
SAIGON BANK
NOTES TO THE FINANCIAL STATEMENTS (cont.)
II. Overdue loans from group 2 to 5
10,745
26,391
III. Overdue loans (group 2-5) having secured assets
10,745
26,391
IV. Overdue loans (group 2-5) ratio
0.41%
0.74%
2004
2005
PART A: SOURCES OF FUNDS
3,188,300
4,290,929
I.
Capital mobilization
2,512,135
3,431,294
1. Customers’ deposits
2,405,357
3,323,294
106,778
108,000
138,499
143,378
138,499
143,378
-
-
III. Capital and reserves
382,934
503,893
1. Capital of the Bank
330,016
400,000
52,918
103,893
154,732
212,364
3,188,300
4,290,929
32,435
44,145
II. Deposits
230,032
279,235
III. Investment in securities
100,500
193,200
16,000
21,500
2,624,990
3,574,142
10,094
19,364
2,398,843
3,310,970
41,291
76,358
173,562
163,950
5. Pawning
-
-
6. Loans pending settlement
-
3,500
1,200
-
126,696
140,211
57,647
38,496
D. Increase & decrease of the sources and utilization of funds
ITEM
2. Borrowings
II. Funds entrusted for investment
1. In VND
2. In foreign currencies
2. Reserves of the Bank
IV. Other funds
PART B: USE OF FUNDS
I.
Cash and valuable papers
IV. Equity investment
V. Credit activities
1. Loans to local banks
2. Loans to economic organizations & individuals
3. Discount, mortgage of valuable papers
4. Lending with funds entrusted
7. Frozen loans
VI. Fixed assets
VII. Other use of funds
SAIGON BANK
ANNUAL REPORT 2005
49
NGAÂN HAØNG ÑAÏI LYÙ
CORRESPONDENT BANKS
DANH SAÙCH NGAÂN HAØNG ÑAÏI LYÙ
LIST OF CORRESPONDENT BANKS
ARGENTINA
CHINA
Banca Nazionale del Lavoro SA
BNP Paribas
Bank of America NA
Bank of New York
Bank of Nova Scotia
BNP Paribas
Calyon
Citibank NA
HSBC
ICBC
JPMorgan Chase Bank, NA
Mitsubishi-Tokyo Financial Group (MTFG)
Shinhan Bank
Standard Chartered Bank
Sumitomo Mitsui Banking Corp. (SMBC)
United Financial of Japan (UFJ)
United Overseas Bank Ltd.
Woori Bank
AUSTRALIA
ABN AMRO Bank NV
Bank of America NA
BNP Paribas Australia
Commonwealth Bank of Australia Sydney
National Australia Bank Ltd.
Standard Chartered Bank Australia Ltd.
Westpac Banking Corporation
AUSTRIA
RZB
BAHRAIN
BNP Paribas
Grindlays Bahrain Bank
Woori Bank
BANGLADESH
American Express Bank Ltd.
BELGIUM
Artesia BC SA/NV
Bank of America NA
Bank of New York
BNP Paribas
CBC Banque SA
Dexia Bank SA
Fortis Bank SA/NV
KBC Bank NV
HSBC Bank PLC
CZECH REPUBLIC
Raiffeisenbank A.S
DENMARK
Bikuben Girobank A/S (BG Bank)
Danske Bank A/S
Nordea Bank
Spar Nord Bank
EGYPT
Arab Bank PLC
FINLAND
BRAZIL
Danske Bank
Nordea Bank Finland PLC
Banco ABN AMRO Real SA
Banco BNP Paribas Brazil SA
FRANCE
CAMBODIA
Canadia Bank Ltd.
Foreign Trade Bank of Cambodia
CANADA
ABN AMRO Bank
Bank of America NA
Bank of Nova Scotia
BNP Paribas Canada
Calyon
HSBC Bank Canada
Royal Bank of Canada
52
CYPRUS
ANNUAL REPORT 2005
Bank of America NA
Banque Scalbert Dupont SA
BNP Paribas SA
Calyon
Credit Agricole
Credit Industriel et Commercial
HSBC Private Bank France SA
Mizuho Financial Group (MHFG)
Natexis Banques Populaires
Societe Generale
UBAF
Union Europeenne de CIC
SAIGON BANK
GERMANY
Bank of America NA
Bayerishe Hypo-Und Vereinsbank AG
Berliner Bank AG
BNP Paribas SA
Danske Bank
Deutsche Bank AG
Deutsche -Zentral (DZ Bank)
Dresdner Bank AG
Hamburger Sparkasse (Haspa Bank)
HSBC Trinkaus & Burkhardt KGaA
ING BHF-Bank AG
LandesBank Baden Wuerttemberg
Stadtsparkasse Muenchen
Westdeutsche Landesbank Girozentrale
Yapi Kredi Bank (Deutschland) AG
GREECE
Bank of America NA
BNP Paribas Greece
ING BHF-Bank NV
Mitsubishi Tokyo Financial Group (MTFG)
Shinhan Finance Ltd.
Standard Chartered Bank Ltd.
UBAF
Union Bank of California, NA
Wachovia Bank, NA
Woori Bank
INDIA
Bank of America NA
Bank of Nova Scotia
BNP Paribas India
INDONESIA
Credit Agricole
Bank of America NA
HSBC
Woori Bank, Indonesia P.T
GUERNSEY, C.I
IRELAND
GUADELOUPE
HSBC Private Bank Ltd.
HONG KONG
ABN AMRO Bank
Banca Nazionale del Lavoro
Bank of America NA
Bank of Ayudhya Public Co. Ltd.
Bank of China Ltd.
Bank of New York
Bank of Nova Scotia
Bank Sinopac
Barclays Bank PLC
BNP Paribas
Calyon
Citibank NA
CITIC Ka Wah Bank Ltd.
Commonwealth Bank of Australia
DBS Bank Ltd.
Dresdner Bank AG
Fortis Bank
Fubon Bank Ltd.
HSBC Corp. Ltd.
ICBC
SAIGON BANK
Bank of America NA
BGB Finance (Ireland) PLC
BNP Paribas Ireland
ISRAEL
Bank Hapoalim BM
Mercantile Discount Bank Ltd.
ITALY
ABN AMRO Bank
Banca d’America e d’Italia SPA
Banca Intesa SPA
Banca Nazionale del Lavoro SPA
Banca Popolare di Bergamo SPA
Banca Popolare di Verona e Novara SCRL
Banca Popolare Friuladria SPA
Banche Popolari Unite Scarl
Bank of America NA
Bayerische Hypo-Und Vereinsbank AG
BNP Paribas
Credito Bergamasco
ING Bank NV
Unicredit Banca SPA
ANNUAL REPORT 2005
53
JAPAN
LATVIA
ABN AMRO Bank
Bank of New York
Bank of Nova Scotia
BNP Paribas
Calyon
Citibank NA
Dresdner Bank AG
HSBC Ltd.
Resona Bank Ltd.
Shinhan Bank
U.B.A.F
United Overseas Bank
Wachovia Bank, NA
Woori Bank
Lateko Bank
Ogres Komercbanka
KOREA, REPUBLIC OF
MARTINIQUE
ABN AMRO Bank
Bank of America NA
Bank of New York
Bank of Nova Scotia
Calyon
Chohung Bank
Deutsche Bank AG
Hana Bank
HSBC
Kookmin Bank
Korea Exchange Bank
Kyongnam Bank
National Federation of Fisheries Cooperatives
Pusan Bank
Shinhan Bank
UBAF
Wachovia Bank, NA
Woori Bank
BNP Paribas
Credit Agricole
LAO PEOPLE’S
DEMOCRATIC REPUBLIC
Banque pour le Commerce Exterieur Lao
Lao-Viet Bank
LUXEMBOURG
Banca Nazionale del Lavoro Int’l
Bank of New York SA
BNP Paribas Luxembourg
Danske Bank Int’l SA
MACAO
Banco Delta Asia SARL
MALAYSIA
ABN AMRO Bank Berhad
Bank of America Malaysia Berhad
Bumiputra-Commerce Bank Berhad
Hong Leong Bank Berhad
HSBC Bank Malaysia Berhad
Public Bank Berhad
Standard Chartered Bank Malaysia Berhad
United Overseas Bank Berhad
MEXICO
Bank of America SA
MONACO
Credit Agricole
NETHERLANDS
ABN AMRO Bank
Bank of America NA
Banque Artesia Nederland NV
BNP Paribas SA
Deutsche Bank
Hollandsche Bank-Unie NV
ING Bank NV
Rabobank Nederland
NEW ZEALAND
Bank of New Zealand
HSBC
NORWAY
BNP Paribas
Danske Bank
PAKISTAN
54
ANNUAL REPORT 2005
SAIGON BANK
PANAMA
SOUTH AFRICA
BNP Paribas
ABSA Bank Ltd.
PHILIPPINES
SPAIN
Bank of America NA
BNP Paribas
ING BHF-Bank
MHFG
Union Bank of California NA
Deutsche Bank Poska SA
Raiffeisen Bank Polska SA
ABN AMRO Bank NV
Banco Atlantico SA
Banco Bilbao Vizcaya Argentaria SA
Banco BPI SA
Banco de Sabadell SA
Banco Espanol de Credito
Bank of America NA
BNP Paribas Espana SA
Confederation Espanola de Cajas de
Ahorros
REUNION
SRI LANKA
POLAND
Credit Agricole
Standard Chartered Grindlays Bank Ltd.
RUSSIAN FEDERATION
SWEDEN
Evrofinance Mosnarbank
International Moscow Bank
SINGAPORE
ABN AMRO Bank
Bank of America NA
Bank of India
Bank of New York
Bank of Nova Scotia
BNP Paribas
Calyon
Development Bank of Singapore Ltd. (DBS)
Dresdner Bank
HSBC
HSBC Bank USA, NA
ING Bank, NV
Moscow Narodny Bank Ltd.
Oversea-Chinese Banking Corporation Ltd.
Rabobank
Raiffeisen Zentralbank Oesterreich AG (RZB)
Societe Generale
Sumitomo Mitsui Banking Corp.
U.B.A.F
Woori Bank
SAIGON BANK
Danske Bank
Skandinaviska Enskilda Banken (SEB)
Svenska Handelsbanken
SWITZERLAND
ABN AMRO Bank
American Express Bank SA
Anker Bank
Bank CIAL
Bank Leu AG
Bank of America NA
Banque Cantonale Vaudoise
BHF- Bank AG
BNP Paribas (Suisse) SA
Credit Agricole Indosuez SA
Union Bank of Switzerland (UBS)
TAIWAN
ABN AMRO Bank NV
Bank of America
Bank of New York
Bank of Nova Scotia
Bank of Overseas Chinese
Bank Sinopac
BNP Paribas
Chinatrust Commercial Bank
HSBC
Land Bank of Taiwan
Shanghai Commercial & Savings Bank Ltd.
Wachovia Bank, NA
ANNUAL REPORT 2005
55
THAILAND
ABN AMRO Bank
Bangkok Bank Public Co. Ltd.
Bank of America NA
Bank of Asia Public Company
Bank of Ayudhya Public Co. Ltd.
Bank of Nova Scotia
BankThai Public Co. Ltd.
BNP Paribas
Citibank NA
Deutsche Bank AG
HSBC
ICBC
Kasikornbank Public Co. Ltd.
Krung Thai Bank Co. Ltd.
TURKEY
Citibank AS
UNITED ARAB EMIRATES
BNP Paribas
UNITED KINGDOM
Bank of America NA
Bank of New York
Bankgesellschaft Berlin
BNP Paribas
Calyon
Danske Bank
Fibi Bank PLC
HSBC
HSBC Bank USA NA
ING BHF-Bank AG
Nordea Bank
Raiffeisen Zentralbank Osterreich AG
Shinhan Bank
United Mizrahi Bank
Wachovia Bank, NA
Woori Bank
UNITED STATES
ABN AMRO Bank
American Express Bank
Bank of America NA
56
ANNUAL REPORT 2005
Bank of New York
Bank of Nova Scotia
BNP Paribas SA
Calyon
Cathay Bank
Center Bank
ChinaTrust Bank (USA)
Citibank, NA
Citizens Business Bank
Danske Bank
Deutsche Bank Trust Company Americas
East West Bank
Far East National Bank
Fleet National Bank
Guaranty Bank of California
HSBC
HSBC Bank USA NA
Northern Trust International Banking Corp.
Rabobank Nederland
Shinhan Bank
Union Bank of Switzerland (UBS)
US Bank
Wachovia Bank, NA
Woori Bank
URUGUAY
HSBC Bank SA
VIETNAM
Bank for Foreign Trade of Vietnam
(Vietcombank)
Bank for Investment and Development of
Vietnam (BIDV)
BNP Paribas
Calyon
Chinfon Commercial Bank
Chohung Vina Bank
HSBC Ltd.
Indovina Bank Ltd.
Industrial and Commercial Bank of Vietnam
(Incombank)
Shinhan Bank
Southern Commercial Joint-Stock Bank
Vietnam Bank for Agriculture
Vietnam Eximbank
SAIGON BANK
CHI NHAÙNH QUAÛNG NINH / QUANG NINH BRANCH
8 Tran Hung Dao St., Ha Long City, Quang Ninh Province
Tel: (84.33) 656363 ; Fax: (84.33) 656367
Quang Ninh
CHI NHAÙNH HAØ NOÄI / HA NOI BRANCH
11A Doan Tran Nghiep St., Hai Ba Trung Dist., Hanoi City
Tel: (84.4) 9760998 - 9761003 ; Fax: (84.4) 9761009
Telex: 411336 SGBANK-VT
Ha Noi
CHI NHAÙNH HOAØN KIEÁM / HOAN KIEM SUB-BRANCH
46B Hang Ma St., Hoan Kiem Dist., Hanoi City
Tel: (84.4) 9283413 - 8284059 ; Fax: (84.4) 9283413
CHI NHAÙNH BA ÑÌNH / BA DINH SUB-BRANCH
11 Son Tay St. (new name: Giang Van Minh), Ba Dinh Dist., Hanoi City
Tel: (84.4) 7341653 - 7341652 ; Fax: (84.4) 7341651
2C Pho Duc Chinh St., Dist. 1, HCMC
TEL: (84-8) 9 143 183 - 9 143 196
FAX: (84-8) 9 143 193
E-mail: [email protected]
TELEX: 813626 SGBANK-VT
SWIFT: SBITVNVX
Website: www.saigonbank.com.vn
CHI NHAÙNH ÑOÁNG ÑA / DONG DA SUB-BRANCH
204 Thai Ha St., Dong Da Dist., Hanoi City
Tel: (84.4) 5375964 ; Fax: (84.4) 5375962
CHI NHAÙNH LONG BIEÂN / LONG BIEN SUB-BRANCH
154 Ngo Gia Tu St., Long Bien Dist., Hanoi City
Tel: (84.4) 6520479 ; Fax: (84.4) 6520481
CHI NHAÙNH THAÙI BÌNH / THAI BINH BRANCH
333 Pham Ngu Lao St., Dist. 1, HCMC
Tel: (84.8) 8368188 - 8368270 ; Fax: (84.8) 8368654
CHI NHAÙNH CAÀU GIAÁY / CAU GIAY SUB-BRANCH
157 Cau Giay St., Cau Giay Dist., Hanoi City
Tel: (84.4) 7672438 ; Fax: (84.4) 7672439
CHI NHAÙNH PHUÙ THOÏ / PHU THO SUB-BRANCH
59/8 Nguyen Thi Nho St., Tan Binh Dist., HCMC
Tel: (84.8) 8666094 - 8666095 ; Fax: (84.8) 8666126
CHI NHAÙNH BEÁN NGHEÙ / BEN NGHE BRANCH
18-19-20 Ton Duc Thang St., Dist. 1, HCMC
Tel: (84.8) 8257997 ; Fax: (84.8) 8235668
Da Nang
CHI NHAÙNH BEÁN THAØNH / BEN THANH SUB-BRANCH
12 Le Thi Hong Gam St., Dist. 1, HCMC
Tel: (84.8) 8235654 ; Fax: (84.8) 9141538
CHI NHAÙNH CHÔÏ LÔÙN / CHO LON BRANCH
144 Chau Van Liem St., Dist. 5, HCMC
Tel: (84.8) 8558125 - 8550685 ; Fax: (84.8) 8553660
CHI NHAÙNH ÑAØ NAÜNG / DA NANG BRANCH
169-171 Nguyen Van Linh St., Thanh Khe Dist., Danang City
Tel: (84.511) 655206 ; Fax: (84.511) 655205
CHI NHAÙNH AN ÑOÂNG / AN DONG SUB-BRANCH
34-36 An Duong Vuong St., An Dong Market Basement,
Dist. 5, HCMC
Tel: (84.8) 8351188 ; Fax: (84.8) 8351188
CHI NHAÙNH BÌNH ÑAÊNG / BINH DANG SUB-BRANCH
256 Inter-provincial Road No. 5, Dist. 8, HCMC
Tel: (84.8) 9819501 ; Fax: (84.8) 9816364
CHI NHAÙNH TAÂN BÌNH / TAN BINH BRANCH
8-10 Ly Thuong Kiet St., Tan Binh Dist., HCMC
Tel: (84.8) 8642002 - 8651505 ; Fax: (84.8) 8646123
CHI NHAÙNH AN GIANG / AN GIANG BRANCH
National Highway No. 91, My Thanh Ward, Long Xuyen City, An Giang Province
Tel: (84.76) 831223 - 832223 ; Fax: (84.76) 831223
CHI NHAÙNH TAÂN PHUÙ / TAN PHU SUB-BRANCH
402B Nguyen Son St., Tan Phu Dist., HCMC
Tel: (84.8) 9732521 ; Fax: (84.8) 9732521
CHI NHAÙNH BAØ CHIEÅU / BA CHIEU BRANCH
138 Dinh Tien Hoang St., Binh Thanh Dist., HCMC
Tel: (84.8) 8412508 - 8412294 ; Fax: (84.8) 8412294
CHI NHAÙNH GOØ VAÁP / GO VAP SUB-BRANCH
27 Nguyen Van Nghi St., Go Vap Dist. HCMC
Tel: (84.8) 5881138 ; Fax: (84.8) 5881446
CHI NHAÙNH BÌNH CHAÙNH / BINH CHANH BRANCH
77 An Duong Vuong St., Binh Tan Dist., HCMC
Tel: (84.8) 7515663 - 7515664 ; Fax: (84.8) 7515663
CHI NHAÙNH KYØ HOØA / KY HOA SUB-BRANCH
660 Su Van Hanh St., Dist. 10, HCMC
Tel: (84.8) 8634928 ; Fax : (84.8) 8634930
CHI NHAÙNH TAÂN ÑÒNH / TAN DINH BRANCH
177 Tran Quang Khai St., Dist. 1, HCMC
Tel: (84.8) 8484891 ; Fax: (84.8) 8484890
An Giang
Can Tho
Bac Lieu
Ho Chi Minh City
CHI NHAÙNH CAÀN THÔ / CAN THO BRANCH
11 Ly Tu Trong St., An Phu Ward, Can Tho City
Tel: (84.71) 826987 - 826988 ; Fax: (84.71) 826985
CHI NHAÙNH THOÁT NOÁT / THOT NOT SUB-BRANCH
337 Nguyen Cong Tru St., Thot Not Ward, Can Tho City
Tel: (84.71) 610336 ; Fax: (84.71) 610335
CHI NHAÙNH BAÏC LIEÂU / BAC LIEU BRANCH
35A Ba Trieu St., Bac Lieu Municipality, Bac Lieu Province
Tel: (84.781) 953873 - 953713 ; Fax: (84.781) 953714
2C Pho Duc Chinh St., Dist. 1, Ho Chi Minh City, Vietnam
TEL: (84-8) 914 3183 - 914 3196 FAX: (84-8) 914 3193
TELEX: 8.13626 - SGBANK - VT
SWIFT: SBITVNVX
E-mail: [email protected]
Website: www.saigonbank.com.vn

Copy of Annual report 2005.pmd

Transcription

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