SeABank completes increasing authorized capital to VND 9,369 billion

The increase of authorized capital is in the development plan of SeABank, which was approved by the Bank's Annual General Meeting at the Annual Meeting of SeABank in 2019 in order to make SeABank the most favorite retail bank. In addition, the new authorized capital will help SeABank to increase its financial capacity and create favorable conditions in expanding its operation network, investing in facilities and technology, diversifying products and services to meet the needs of customers nationwide better.

Over the past years, SeABank has been steadily growing in business results and expanded its network development across three regions of the country, up to now, SeABank has 165 transaction points nationwide.

In the first 6 months of 2019, SeABank's business results recorded impressive growth, including: (i) Total assets reached nearly 150 trillion VND, up 6.1% compared to the beginning of the year; (ii) Total outstanding loans reached 95,219 billion VND, up 8.2% compared to the beginning of the year. (iii) Net revenue grew significantly, especially service revenue grew 247% over the same period last year. (iv) Profit before tax reached 409 billion VND, an increase of 57.4% over the same period last year.

SeABank is currently known as one of the pioneer banks in innovating and creating products and services to provide the best and most competitive personal financial services to customers. With the aim of meeting all the needs of all customers, SeABank's products and services have been diversified, maximum supported in terms of procedures, documents and preferential competitive policies. At the same time, SeABank is also one of the pioneer banks to apply information technology in operation, especially one of the few banks that applies a policy of 100% exemption of fees on Internet Banking and Mobile Banking, including nationwide remittance fees and (annual) usage fees for individual and corporate customers. This is a great benefit for customers using SeABank's digital banking service, encouraging customers to experience online 24/7 service, reducing the risk of carrying a lot of cash, saving time and money.

With continuous efforts, SeABank is highly appreciated by many domestic and international organizations with many meaningful awards, especially ranked in the Top 500 largest and most powerful banks in Asia - Pacific 2019 due to The Asian Banker (Singapore) - the leading prestigious magazine specializing in finance - banking independently voted based on criteria of asset size, balance sheet and ranked 128/500 best profit enterprise in Vietnam in the Profit 500 ranking announced by Vietnam Report ...

Customers interested in SeABank's programs and products and services can contact the nearest SeABank transaction offices nationwide, call Contact Center 1900 555 587 or visit the website www.seabank.com.vn for information. More details and advice.