SeABank reached profit of VND 130 billion in the second quarter of year 2008.

15/07/2008

Up to June 30, 2008 , SeABank’s profit before tax reached VND 258 billion, of which profit in Quarter 2 is VND 130 billion.Total mobilized capital reached nearly VND 13900 billion, total outstanding balance reached nearly 11190 VND billion, total assets reached VND 19600 billion and chartered capital is VND 3000 billion. In comparison with the first two quarter of year 2007, SeABank’s profit, mobilized capital and outstanding balance has an increase in turn of 30%, 32% and 129%. Moreover, charter capital of SeABank is twice as the same period last year.

With regard to network expansion, in the first two quarter of 2008, SeABank opened two more branches in Can Tho and Hai Duong. Besides, SeABank has opened 14 transaction offices in Hanoi, Ho Chi Minh City, Khanh Hoa, Ba Ria- Vung Tau, Quang Ninh, Ha Tay… Up to now, SeABank has had nearly 60 transaction points all over the country and planed to open more transaction points in other provinces such as Nam Dinh, Nghe An, Hung Yen, Lam Dong, Thai Nguyen, Dong Nai, Ho Chi Minh City, Ha Noi, Can Tho, Binh DÆ°Æ¡ng, etc. in order to reach the target of 85 transaction points at the end of year 2008.

During this period, SeABank continues to lend lend money to signed projects and new ones, particularly those for key industry and enterprises’ operations.

According to Mr. Le Van Chi- CEO of SeABank, although financial and banking market has recently faced up with difficulties and challenges, SeABank’s leaders and staff are all determined to overcome these difficulties, bring out new products, improve service quality…Therefore, SeABank is maintaining high growth rate and liquidity. Especially, issuance of debit card named S24+ is a step of SeABank to provide customers with more and more benefits. In the near future, SeABank continue to invest in technology in order to diversify products and services as well as to maintain safety and effectiveness in operations

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SeABank reached profit of VND 130 billion in the second quarter of year 2008.