SeABank's Total Assets exceed VND 427.1 billion, reinforcing long-term growth foundation

Expanding scale, strengthening financial foundations
Despite continued volatility in the business environment, the banking sector recorded positive signals in the first half of 2026, as credit institutions continued to expand lending, reduce funding costs, and accelerate digital transformation. Aligned with the sector's trends, SeABank focused on deeper quality-driven growth, strengthening internal capabilities, enhancing governance capacity, and improving its competitiveness.

Accordingly, SeABank maintained steady growth across most of its key financial indicators. As of June 30, 2026, the Bank's consolidated total assets reached VND 427.108 trillion, achieving 103% of its mid-year target. Expansion in total assets was driven by the simultaneous growth of credit and customer funding, enabling SeABank to enhance its capacity to serve both retail and corporate customers.

Outstanding credit reached VND 264.453 trillion, up nearly 8%, focusing on the manufacturing and business sectors, retail and corporate customers, in line with the direction of State Bank of Vietnam (SBV). At the same time, total funding from customer deposits and the issuance of valuable papers reached VND 239.779 trillion, an increase of 8.1% compared to the end of the previous year.

Additionally, the Bank kept its asset quality under control, with its non-performing loan (NPL) ratio held at 2.25%, remaining within the regulatory threshold set by the SBV and reflecting its growth strategy anchored in prudent risk management.

During the period, SeABank completed the increase of its charter capital from VND 28.450 trillion to VND 34.288 trillion, further strengthening its financial capacity, enhancing its capital adequacy ratio (CAR), and providing greater headroom for business expansion in line with the strategy approved by the General Meeting of Shareholders. The Bank is also implementing its Employee Stock Ownership Plan (ESOP) for management and employees, which will further increase its charter capital to VND 34.688 trillion.

Growth driven by core business activities

In addition to scale expansion, SeABank's core business activities continued to make a positive contribution to its overall performance. In the first half of 2026, net interest income (NII) reached VND 4.663 trillion, remaining the primary source of revenue. Net fee and commission income totaled nearly VND 400 billion, reflecting the effectiveness of SeABank's strategy to diversify its income streams and further develop its financial products and services ecosystem.

SeABank's consolidated PBT reached VND 2.625 trillion. This result was achieved amid the banking sector's continued efforts to support the economy through lower interest rates, while also investing in digital transformation, risk management, and operational efficiency to drive stable, sustainable growth and better serve customers.

In line with the Government's and the SBV's policy of lowering interest rates, SeABank proactively reduced its deposit interest rates by 0.5 percentage points per annum on new deposits with tenors of six months or longer, effective from April 2026. This move created additional room for the Bank to offer more competitively priced lending programs, helping businesses and individuals gain better access to financing.

Positive business performance and enhancements in governance have also earned SeABank further recognition from international credit rating agencies. In its recently released 2026 credit rating report, Moody's Ratings upgraded SeABank's Baseline Credit Assessment (BCA) and Adjusted BCA to Ba3, Long-term (LT) Counterparty Risk Ratings (CRRs) to Ba2, and LT Counterparty Risk Assessment (CR) Assessment to Ba2(cr); while revising the Bank's outlook from Stable to Positive. According to Moody's, these upgrades reflect SeABank's strengthened intrinsic credit profile, supported by stable asset quality, a stronger capital base and risk management.

The multiple rating upgrades from Moody's, together with SeABank's positive business performance in the first half of 2026, underscore the Bank's continued progress in strengthening its financial position and governance capabilities. These achievements provide a solid foundation for SeABank to maintain safe and sustainable operations, expand its business, and further enhance its market position in the years ahead.