SeABank reached the profit of VND 127 billion in the first quarter of year 2008.

According to this, up to March 31, 2008 , SeABank’s profit before tax reached VND 127 billion, total mobilized capital reached VND 18562 billion, total outstanding balance reached more than 11000 VND billion, total assets reached 24 217 VND billion and non-performing loans made up 0,26% of total outstanding loans. At present, SeABank has nearly 50 transaction places. With the chartered capital of VND 3000 billion, SeABank is one of the banks having largest chartered capital in Viet Nam.

In the first quarter of year 2008, SeABank had number of capital mobilizing programs with very flexible and preferable interest rates. Especially, SeABank continues to loan with suitable interest rate, guaranteeing the prestige of the bank as well as supporting customers. In addition to this, the extension of transaction hour to 19h00 all weekdays has made the satisfaction of customers.

As expected, in 2008, SeABank will open 35 transaction places, raising SeABank’s transaction places to 85 all over the country. Besides, SeABank plans to raise chartered capital to VND 5000 billion, total asset to VND 40 000 billion, total outstanding balance to VND 27000 billion, mobilized capital to VND 29500 billion, overdue loan ratio below 0.5% and expected profit is VND 804 billion.

At the end of April, 2008, SeABank will issue domestic ATM debit card named S24+. S24+ is used as a versatile “e-pocket” and connected to banks through Switch to Switch model. This is a significant landmark and a solid foundation for SeABank to expand ATM and POS network nationwide as well as issue and pay international cards such as VISA, MasterCard, American Express (Amex)…