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SeABank reports 1H2024 profit of over US$127.7 million, CASA increased 59% YoY
SeABank's total outstanding loans to customers reached US$7.3 billion ( VND185,959 billion ), of which green credit and outstanding green credit loans increased by 40% YoY. By using resources effectively to control and recover overdue debts, SeABank successfully maintained safe operations with NPL controlled at 1.91%.
As of June 30 , SeABank records total assets of US$11 billion ( VND280,658 billion ), charter capital of US$984 million ( VND24,957 billion ). In the current and upcoming period, the Bank is implementing its plan regarding charter capital increase, expecting to reach US$1.1 billion ( VND28,800 billion ) via issuing 329 million SSB shares to pay 2023's dividends and 10.3 million SSB shares to increase equity capital from owners' equity (equivalent to a total ratio of nearly 14%).
In 1H2024, SeABank has been entrusted with and has received investments totaling
US$255 million from reputable international financial institutions. Particularly, SeABank will better promote financial inclusion with its capital enhanced through: a convertible loan of
US$30 million from Norfund to support retail borrowers and micro-enterprises; IFC's loan of
US$75 million targeting SMEs, women-owned enterprises and climate finance. Additionally, SeABank issues the first blue bond in
Vietnam and the first green bond by a Vietnamese private commercial bank, which received investments of
US$75 million from AIIB and
US$75 million from IFC.
With its achievements and contributions, SeABank received Vietnam's national Labor Medal First class, while being appraised internationally, including: World's Best Banks 2024 (Forbes), Best Banks Asia - Pacific 2024 (CNBC), Fortune Southeast Asia 500 (Fortune). This futher affirms the reputation and position of SeABank in the industry, in domestic and international markets.
View original content: https://www.prnewswire.co.uk/news-releases/seabank-reports-1h2024-profit-of-over-us127-7-million-casa-increased-59-yoy-302204195.html