08/03/2024
International Finance Corporation (IFC) officially increased the trade finance limit for Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) to US$40 million under the Global Trade Finance program (GTFP). With this new trade finance limit, IFC's total investment in SeABank reached nearly US$400 million.
IFC's GTFP offers confirming banks guarantees covering payment risk on banks in emerging markets, including Vietnam, for trade related transactions. SeABank officially joined IFC's GTFP in 2021 with an initial trade finance limit of US$20 million. Since joining the program, SeABank has continuously developed its global partnership network while promoting trade growth for domestic businesses.
Over the past two years, by utilizing capital from the program, SeABank has provided maximum and effective support to small and medium-sized enterprises (SMEs), especially women-owned businesses, in the efforts to narrow the financial gap. In 2024, IFC’s trade finance limit for SeABank is doubled from the initial one to US$40 million.
Previously in 2023, SeABank had its trade finance limit increased to US$60 million by the Asian Development Bank (ADB). The fact that IFC and ADB continuously increase trade finance limits for SeABank demonstrates the trust and recognition for the Bank’s capacity, effective utilization of capital, and sustainable growth rate. It also affirms SeABank's strength in terms of international payments and trade finance, helping the bank access and establish transaction relationships with more global banks, promoting large-scale trade financing activities, enhancing SeABank's brand value and position both domestically and internationally.
In addition to trade finance, IFC has been investing in SeABank to support development strategies and facilitate financial access for SMEs, including women-owned businesses. Meanwhile, IFC and SeABank also promote the application of the best international standards and practices in environmental and social risk management.
With this new limit, the total invested amount by IFC and 5 international investment funds including Banque Internationale de Commerce-BRED, BlueOrchard Microfinance Fund, KASIKORNBANK PCL, OPEC and ResponsAbility Investments AG in SeABank reaches nearly US$400 million and is expected to increase in the upcoming period.
SeABank honored by two international organizations, affirming excellence in Governance, Business, and Technological innovation
Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) has been honored for the 5th consecutive year with The BIZZ Award for Business Excellence by the World Confederation of Businesses (Worldcob). At the same time, the Bank received 3 prestigious awards from the reputable international financial magazine The European, recognizing its excellence in Sustainable Governance, Risk Management, and Digital Banking. These recognitions highlighted SeABank’s ongoing efforts in technological investment and innovation, aimed at enhancing its product and service quality, strengthening governance, and driving effective, sustainable, and responsible business growth.
17/07/2025
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SeABank hosts ‘Waste for Gifts’ eco-exchange day to promote green lifestyle in Hanoi
To promote a green lifestyle and raise public awareness about waste sorting, Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) has partnered with Hanoi Urban Environment Company Limited (URENCO) to launch the recurring “Waste for Gifts” eco-exchange program at its main office located at 25 Tran Hung Dao Street, Hoan Kiem Ward, Hanoi. This is a part of “Let’s Go Green with SeABank” – an annual environmental campaign featuring a range of practical activities such as tree planting, environmental clean-up, beach clean-up, eco-friendly gifts giveaway, waste recycling, and more.
11/07/2025
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SeABankers for the Children – A decade of wholehearted love
“Simple actions today create miracles for future generations" has been the guiding spirit throughout the 10-year journey of “SeABankers for the Children” - a humanistic volunteer initiative initiated and carried out by employees of Southeast Asia Commercial Joint Stock Bank (SeABank) since 2015.
08/07/2025
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