News
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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30/12/2019
Hanoi, December 30, 2019 - Southeast Asia Commercial Joint Stock Bank (SeABank) has completed the early redemption of all special bonds at VAMC, thereby helping the Bank to actively monitor and handle bad debts (outstanding bonds), while increasing transparency on the financial statements to create momentum for profit growth in the following years. With this success, SeABank has become one of the earliest banks in Vietnam to complete the handling of special bonds at VAMC.
The total value of special bonds bought by SeABank from VAMC in 2019 is VND 3,539 billion. After the early redemption of all special bonds, SeABank will not have to make provision for VAMC bonds from January 1, 2020, thereby contributing to increasing profits for the bank in the near future.
The acquisition of all special bonds from VAMC may partly increase the bad debt ratio, however, SeABank strictly controls and ensures that the bad debt is lower than the rate prescribed by the State Bank of Vietnam. This move also shows positive signs of SeABank's financial resources and positive business situation, although providing more provisions but still ensuring the profit plan.
In 2019, SeABank has several impressive achievements with the growth in retail of fees and loans, go right with the strategy to become a retail bank and customer-centric orientation. 2019 is also a milestone year when SeABank increased its chartered capital to VND 9,369 billion, was approved by the State Bank of Vietnam to meet Basel II international standards and has been rated B1 long-term credit rating by Moody's. These achievements confirm the sustainable risk management strategy which is closely aligned with the Bank's business development orientation.
In particular, SeABank is also the first bank in Vietnam to successfully upgrade the core banking software T24 Temenos to the R18 version - the most modern version in the world with many important features to enhance transaction management and risk control, improving productivity, speed and stability of the system, making it easy to develop new features and products, thereby giving customers a great experience when using SeABank products. This success is also one of the milestones of SeABank's digital convergence strategy together with the introduction of internet banking for corporate customers and SeAMobile App for individual customers.
The successful implementation of a series of important projects will contribute to ensuring SeABank's business operations which are safe, efficient, sustainable and transparent, contributing to the development of a stable, healthy banking industry./.