A transaction office of SeABank (Photo: VNA) SeABank saw a gain of nearly 6% over the end of last year in total assets to over 245.2 trillion VND (10.4 billion USD).
Thanks to the bank's good management of credit risks amid economic challenges, its non-performing loan ratio remained at a low rate of 1.73%.
In the first half of the year, SeABank's total revenue increased 18% year-on-year to more than 12.1 trillion VND. Particularly, returns from traditional businesses grew steadily over last year, with income from fees reaching 466 billion VND.
The bank said that its fee income in the second quarter was double that 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 from international organisations, SeABank was able to receive additional foreign capital. As of June 30, the bank's total mobilised capital from international organisations was over 11.7 trillion VND, an increase of 26.15% over the end of 2022.
The mobilised fund plays a crucial role in serving SeABank's business activities amid the trend of diversification and globalisation of working capital, the bank said.
Besides maintaining stable business operations, SeABank also increased its charter capital to more than 24.5 trillion VND and cut loan interest rates many times to support production and business, contributing to economic recovery.
In June, the bank successfully issued shares to pay dividends and bonus shares with a total ratio of nearly 20.3% to increase charter capital to more than 24.5 trillion VND.
In 2023's business plan, SeABank keeps its stance on sustainable growth, continues to focus resources on innovation and digital transformation activities to improve business performance and aims to improve client experience with a variety of products and services. It is also focussing on optimising operating costs.
The bank also implemented social security programmes such as supporting the cost of houses of gratitude for the poor in Ha Tinh and Dien Bien provinces with a total value of 30 billion VND, and holding the annual SeABank Run For The Future (SeARun 2023) to raise funds to award 10 scholarships to Nurture Dreams and plant 25,000 trees, totalling 1.5 billion VND. It organised annual charity activities, including 'Spring of Love' and 'SeABankers For Children', nationwide.
On the stock market, SeABank's shares, with the ticker SSB, are traded on the Ho Chi Minh Stock Exchange and have grown stably in the first six months 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 USD and it was approved by the southern bourse to be a part of the VN30 basket. SSB will 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
