What Saigon Commercial Joint Stock Bank does

Saigon Commercial Joint Stock Bank (SCB) is a privately held Vietnamese commercial bank founded in 1992 and headquartered in Ho Chi Minh City. The bank operates as a universal bank serving individual retail customers and corporate/business clients across multiple Vietnamese provinces, with a stated headcount of 501-1,000 employees. Its product portfolio spans deposit accounts, online savings with QR integration, consumer and car loans (up to 84-month terms), the SCB S-Care credit card (2.5% monthly interest, up to 55 interest-free days), insurance-linked products, FX and gold services, international transfers, trade finance, and the SCB PLUS loyalty program with 145+ merchant partners.

SCB distributes services through a multi-province physical branch network (Hai Duong, Thai Binh, An Giang, Dong Thap, Tay Ninh, Dong Nai) and a digital channel stack consisting of Mobile Banking (iOS/Android), eBanking (Internet Banking with biometric authentication), SMS Banking, and a 24/7 hotline (1900 6538). The mobile app supports QR-code payments and transfers. Revenue is generated primarily through net interest income from lending (personal and business), transaction and service fees on domestic and international transfers, credit card interest and merchant fees, and FX spread income. SWIFT/BIC SACLVNVX supports cross-border transfers with a 15:30 same-day cut-off.

The bank has been operating under extraordinary regulatory oversight since 2024 following the conviction of its major shareholder, Truong My Lan, in connection with a $44 billion fraud case — the largest in Vietnam's history — involving irregular loans from SCB to shell companies. The State Bank of Vietnam injected $4 billion in emergency liquidity to prevent the bank's collapse, ordered $27 billion in reparations, and has been directing asset-recovery auctions through SCB's branch network since 2026. In June 2026, SCB announced a Digital Banking Transformation Initiative tied to Vietnam's Digital Finance Day 2026, signaling an attempt to restore customer trust and modernize operations under continued SBV supervision.

Name

Saigon Commercial Joint Stock Bank

Legal name

Ngân hàng Thương mại Cổ phần Sài gòn

Website

https://scb.com.vn

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Saigon Commercial Joint Stock Bank (SCB) is a privately held Vietnamese universal bank founded in 1992, offering retail and corporate banking services — deposits, loans, credit cards, trade finance, and FX — through a multi-province branch network and digital channels, currently operating under State Bank of Vietnam oversight following the 2024 $44 billion fraud case.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), Commercial Banks, Nec (6029), Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking services
• Commercial banking
• Consumer lending
• Digital banking
• Trade finance

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Interest earned from lending activities including personal loans (car loans, consumer loans) and business loans
2. Transaction and Service Fees: Fees from international transfers, domestic transfers, and banking service charges
3. Credit Card Operations: Revenue from credit card transactions, interest on revolving balances (2.5%/month SCB S-CARE card), and merchant fees
4. Foreign Exchange Services: Revenue from foreign exchange transactions for retail and corporate customers

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels3 records

Core offering

Saigon Commercial Joint Stock Bank (SCB) is a Vietnamese universal commercial bank offering retail and corporate banking services. Its core offerings include deposit and savings accounts, personal and business loans, the SCB S-Care credit card, international money transfers, trade finance, foreign exchange and gold services, and insurance-linked savings products, delivered through an in-country branch network and digital channels including Mobile Banking, eBanking, and SMS Banking.

Product overview

Saigon Commercial Joint Stock Bank (SCB) operates as a universal bank offering a comprehensive suite of banking products and services for both personal and business customers. The bank's product portfolio centers on core banking services including deposit accounts, lending products, and transaction banking, complemented by digital banking channels (Mobile Banking and eBanking). Key consumer products include the SCB S-Care credit card with partner benefits, online savings accounts, and consumer car loans. The bank also offers insurance products through partnerships and maintains a loyalty program (SCB PLUS). The digital banking platform provides 24/7 services including QR code payments, fund transfers, and biometric authentication. SCB's services are delivered through both digital channels and an extensive branch network across Vietnam.

Differentiator

Problem solved

Functional benefit

Brands

• SCB S-Care: Credit card product with 2.5% monthly rate and up to 55 days interest-free period.

Products and services

• SCB S-Care Credit Card Credit card product for individual customers offering a 2.5% per month interest rate on outstanding balances, up to 55 interest-free days, and exclusive benefits from SCB partners and international card organizations.
• Online Savings (Tiền gửi tiết kiệm Online) Online savings account for individuals offering competitive interest rates and an integrated QR-code passbook delivered by email or SMS.
• Consumer Car Loan (Vay mua xe ô tô tiêu dùng) Consumer auto loan financing up to 100% of capital requirements with loan terms up to 84 months for individual borrowers purchasing vehicles.
• An tâm trọn vẹn Insurance-Linked Savings Package Insurance-linked savings package providing flexible insurance coverage and term options, medical benefits, periodic rewards, free withdrawals during the contract, and waived management and risk insurance fees.
• SCB Mobile Banking Mobile banking application for individual and business customers supporting QR-code payments, transfers, account management, and other utilities through a modern interface on iOS and Android.
• Personal Banking Services Full suite of personal banking services for individuals including accounts, deposits, loans, international transfers, foreign exchange and gold, and other financial services.
• Business Banking Services Corporate banking service line for businesses covering accounts, deposits, loans, international payments, trade finance, foreign exchange and gold services.
• eBanking (Internet Banking & SMS Banking) Electronic banking platform providing account information queries, fund transfers, bill payments, and international transactions via internet and SMS channels, with biometric authentication capabilities.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• State Bank of VietnamcoreOthers · 1 April 2024Regulatory oversight authority that injects liquidity into SCB during fraud crisis, appoints the bank to handle disposal of criminal assets, and provides guidance on fraud recovery operations

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank): One of Vietnam's largest state-linked commercial banks offering the full suite of retail and corporate banking services. Vietcombank is the closest broad incumbent comparable to SCB as a universal bank with deposit-taking, lending, trade finance, and digital channels.
• Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank): Major Vietnamese state-linked commercial bank serving retail, SME, and corporate customers with deposits, loans, trade finance, and digital banking. Comparable to SCB in product breadth and customer segmentation, with stronger state backing.
• Military Commercial Joint Stock Bank (MBBank): Major Vietnamese joint stock commercial bank with full retail and corporate offerings and a leading digital platform. MBBank is comparable to SCB in scope and serves as a benchmark for digital banking execution in Vietnam.

Direct peers

• Asia Commercial Joint Stock Bank (ACB): Private Vietnamese joint stock commercial bank focused on retail and SME banking with strong digital channels. ACB competes directly with SCB in retail deposits, consumer lending, and digital banking, and is a useful peer for performance benchmarking.
• Saigon-Hanoi Commercial Joint Stock Bank (SHB): Vietnamese joint stock commercial bank with a multi-province branch network offering retail and corporate banking including trade finance and FX. SHB competes head-to-head with SCB in domestic deposit and lending markets.
• Vietnam Maritime Commercial Joint Stock Bank (MSB): Vietnamese joint stock commercial bank providing retail and corporate banking, trade finance, and digital banking products. MSB is a similarly sized private-sector peer to SCB with overlapping retail and SME lending focus.
• Vietnam Prosperity Joint Stock Commercial Bank (VPBank): Large private Vietnamese commercial bank with retail, SME, and corporate banking plus a strong digital platform. VPBank competes directly with SCB in consumer credit cards, deposits, and digital banking.
• Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank): Vietnamese joint stock commercial bank headquartered in HCMC offering retail, SME, and corporate banking services. HDBank is a geographic and product peer to SCB, especially in southern Vietnam markets.
• Tien Phong Commercial Joint Stock Bank (TPBank): Vietnamese joint stock commercial bank with strong retail and digital banking focus, including mobile-first products. TPBank competes with SCB in retail deposits, consumer credit, and digital channels.
• LienVietPostBank: Vietnamese joint stock commercial bank with a nationwide branch and agent network offering retail and SME banking. LienVietPostBank is comparable to SCB in distribution-heavy universal banking and consumer lending.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saigon Commercial Joint Stock Bank