The Southeast Asia Commercial Joint Stock Bank (SeABank) said on April 3 that the Asian Development Bank (ADB) has doubled the trade finance limit to 60 million USD, and increased the 5-million-USD limit of the revolving loan for the bank to 10 million USD.
Though banks gained profits of trillions of Vietnamese dong in Q3 2022, credit quality has remained a concern of the banking industry, especially when Circular No. 14/2021/TT-NHNN on loan rescheduling for COVID-19 affected borrowers expired at the end of June this year.
The US International Development Finance Corporation (DFC) and the Southeast Asia Commercial Joint Stock Bank (SeABank) officially signed a loan agreement worth 200 million USD.
Moody's announced it would raise the baseline credit assessment (BCA) from B2 to B1 for Southeast Asia Commercial JS Bank (SeABank) in the 2022 rating review period.
After four months, the International Finance Corporation (IFC) and international lenders increased the loan package granted to Southeast Asia Commercial Joint Stock Bank (SeABank), from 150 million USD to 220 million USD in order to maintain the cooperation with SeABank in re-financing SMEs, women-owned businesses and the climate.
Southeast Asia Commercial Joint Stock Bank (SeABank) has received approval for its public offering of over 181.3 million shares to existing shareholders at a price of 15,000 VND (0.66 USD) per share.
National flag carrier Vietnam Airlines on July 7 signed a credit deal – worth total of 4 trillion VND (173.7 million USD) – with three commercial banks, which are expected to weather the financial impact of the COVID-19 pandemic.
The Vietnam Airlines Corporation and the Southeast Asia Commercial Joint Stock Bank (SeABank) have signed a credit contract worth 2 trillion VND (87.24 million USD), part of which will be disbursed by the bank in early July.
The International Finance Corporation (IFC) is providing a 40 million USD loan to the Southeast Asia Commercial Joint Stock Bank (SeABank) to support local businesses and help them make a resilient recovery after the COVID-19 pandemic, the member of the World Bank Group said on June 28.
In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders.
The Southeast Asia Commercial Joint Stock Bank (SeABank) earned pre-tax consolidated profit of 698.3 billion VND (nearly 30.4 million USD) in the first quarter of 2021, an increase of nearly 2.3-fold year-on-year.
The Southeast Asia Commercial Joint Stock Bank (SeABank) has been among 13 commercial joint stock banks in Vietnam with highest charter capital, after increasing it to 12.088 trillion VND (526 million USD) from 9.369 trillion VND.
The Southeast Asia Joint Stock Commercial Bank (SeABank) on January 8 announced a before-tax profit of more than 1.39 trillion VND (59.8 million USD) in 2019, jumping 123.4 percent from the previous year.
The Southeast Asia Joint Stock Commercial Bank (SeABank) has completed the early redemption of all special bonds at the Vietnam Asset Management Company (VAMC), thereby helping the bank proactively monitor and handle bad debts.
The Southeast Asia Commercial Joint Stock Bank (SeABank) has been named in the FAST500 – a list of 500 companies with the fastest growth rate in Vietnam.
Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
As many as 800 amateur athletes, who are members of the Da Nang Young Businesspeople Association and staff of the Southeast Asia Joint Stock Commercial Bank (SeABank) participated in the “Run for the Future” held in the central city on August 19.
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