In addition to an enviable return on equity of some 38.77% for fiscal year 2007, the bank experienced a staggering 101% growth in assets combined with a 90.24% increase in net profits during the same period. Habubank’s ongoing growth is attributable to its systematic customer satisfaction drive, and the diversification of its business range, as well as the roll-out of a number of innovative new savings products.
Among the bank’s recent milestone developments has been the implementation of a new core banking system that will provide the bank with a robust and flexible platform by which to support its expanding product range. The new system will also allow Habubank to better automate risk controls, serving to further shore up its already highly robust risk function. The bank has continued to grow its retail infrastructure, with the opening of 10 new branches in its domestic market during the past year.
“Habubank is to celebrate its 20th birthday in early 2009. It has been 20 years of tireless work and effort, building a tradition of safe, sound and sustainable growth,” says Bui Thi Mai, CEO at Habubank. “We are proud of such tradition which awards us a strong and profitable client franchise, reliable partnership and strategic co-operation opportunities. We aim to grow the momentum we have been building for years with our customers throughout the nation.”
