SeABank boosts its charter capital to over 5,068 bn. VND

The increment of 1,000 bn. will come from convertible bonds form the second issue in 2007. Owning the capital amount of over 5,068 bn. VND, SeABank continues to be one of the biggest joint stock commercial banks in terms of charter capital.

Madam Nguyễn Thị Nga – Chairwoman of SeABank’s Board of Directors said: “The increase of charter capital to over 5,068 bn. VND is part of SeABank’s development plan which has been adopted by the Shareholders’ Meeting and approved by the SBV, aiming at making SeABank a prominent bank in Vietnam with oustanding reputation and service quality.

At the same time, the increase of charter capital will enable us to further improve financial capacity, to facilitate the extension of network, the improvement of infrastructure and technology, the diversification of products and services, and to better meet customers’ increasing demands”.

In 2009, SeABank adopted a development strategy along the line of a retail banking model targeting mainly at individual customers and Small and Medium Enterprises (SMEs). It founed a retail abnking division of which the manager is a senior expert from Société Générale – SeABank’s strategic partner with 20% of the stake, and formed subsidiary entities for the purpose of operation specialization with a view to make

SeABank has launched a wide variety of products which are tailored to each segment of clients such as – Consumer loan  SeABuy, –car loan  SeACar, – home loan SeAHome, Student loan – SeAStudy, etc. and modern banking products including SeANet (enabling customers to make inquiries, make transfer, etc. via the Internet without having to come to the bank), SMS Banking (customers can receive and send messages for inquiries of account balance, account movements, interest rates, rates of exchange, etc. via cell phone), Email Banking (customers can receive information on account movements, rates of exchange, interest rates, etc. from SeABank by email), Telephone Banking 24/7 – SeACall via the number 1900555587, the toll-free Call Centre 1800555587… These products and services have contributed significantly to business performance and the development of new customers for  SeABank.