A transaction office of SeABank (Photo: VNA) SeABank saw a gain of nearly 6% over the end of last year in totalassets to over 245.2 trillion VND (10.4 billion USD).
Thanks to the bank's good management of credit risks amid economicchallenges, its non-performing loan ratio remained at a low rate of 1.73%.
In the first half of the year, SeABank's total revenue increased18% year-on-year to more than 12.1 trillion VND. Particularly, returns fromtraditional businesses grew steadily over last year, with income from feesreaching 466 billion VND.
The bank said that its fee income in the second quarter was doublethat of the previous quarter and is expected to rise higher at the end of 2023.
During the period, its total deposits from customers climbed 5.64%to nearly 144.8 trillion VND.
After passing the rigorous appraisal and evaluation process frominternational organisations, SeABank was able to receive additional foreigncapital. As of June 30, the bank's total mobilised capital from internationalorganisations was over 11.7 trillion VND, an increase of 26.15% over the end of2022.
The mobilised fund plays a crucial role in serving SeABank'sbusiness activities amid the trend of diversification and globalisation ofworking capital, the bank said.
Besides maintaining stable business operations, SeABank alsoincreased its charter capital to more than 24.5 trillion VND and cut loaninterest rates many times to support production and business, contributing toeconomic recovery.
In June, the bank successfully issued shares to pay dividends andbonus shares with a total ratio of nearly 20.3% to increase charter capital tomore than 24.5 trillion VND.
In 2023's business plan, SeABank keeps its stance on sustainablegrowth, continues to focus resources on innovation and digital transformationactivities to improve business performance and aims to improve clientexperience with a variety of products and services. It is also focussing onoptimising operating costs.
The bank also implemented social security programmes such assupporting the cost of houses of gratitude for the poor in Ha Tinh and Dien Bienprovinces with a total value of 30 billion VND, and holding the annual SeABankRun For The Future (SeARun 2023) to raise funds to award 10 scholarships toNurture Dreams and plant 25,000 trees, totalling 1.5 billion VND. It organisedannual charity activities, including 'Spring of Love' and 'SeABankers ForChildren', nationwide.
On the stock market, SeABank's shares, with the ticker SSB, aretraded on the Ho Chi Minh Stock Exchange and have grown stably in the first sixmonths of the year, up nearly 6.5% compared to the beginning of the year.
The gain helps bring its capitalisation to more than 3 billion USDand it was approved by the southern bourse to be a part of the VN30 basket. SSBwill officially join the VN30 basket on August 7.
Previously, SSB was also added to the Morgan Stanley Capital Index(MSCI) Frontier Markets Index starting from March 1 this year./.
VNA
