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05th October 2011, Cambodia: Sai Gon Thuong Tin Commercial Join Stock Bank  (Sacombank) announces the opening of the 100% foreign-owned Sacombank Cambodia Plc in Cambodia. The new bank has received approval from the National Bank of Cambodia and supported by the State Bank of Vietnam. This is an important milestone that opens a new era in regional business development and expansion of Sacombank in Indochina. It also contributes to an increase in cross-border trade between Vietnam and its neighboring countries.

On 03 May 2011, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) successfully held a thank you reception on the occasion of the 44th ADB Annual Meeting (Asian Development Bank) in Hanoi. The Sacombank Reception was organized to appreciate the assistance extended from other banks and its financial institution partners for the development of Sacombank in particular and of the Vietnam banking sector in general. Furthermore, Sacombank would like to extend its sincere thanks to the State Bank of Vietnam for assistances and guidelines.

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) has recently announced the fiscal report in the first quarter this year with 12 percent after tax profit growth year-on-year to reach approximately 453 billion dong.

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