SeABank ranked 70/500 Vietnam's most profitable companies 2019

Ranking Top 500 Best Profit Enterprises in Vietnam - Profit500 honors businesses with good profitability, potential to become pillars for the development of Vietnam's economy and contribute to introduce Vietnamese business brand to domestic and international business community. Profit500 list and rankings of 2019 are evaluated objectively and independently based on the calculation of weight points, with the main criteria being Profitability indicators (ROA, ROE, ROR).

Accordingly, profit, revenue, profitability, capital adequacy ratio ... are the factors that help SeABank to be in the Top 500 of the most profitable enterprises in Vietnam in 2019 with the ranking of 128/500 enterprises and 70/500 private businesses. This is a worthy recognition for SeABank's efforts in effective operation, with continuous growth over the years.

Only in the first 9 months of 2019, SeABank has achieved impressive results with pre-tax profit of VND 683 billion, an increase of 65% compared to the same period of 2018, total assets of SeABank reached VND 152,559 billion, total market value 1 of debt reached 93,318 billion dong, total market mobilization 1 reached 90,754 billion dong, the ratio of nonperforming loans was at 1.36%. Net interest income reached VND 2,255 billion, up 27.3% compared to the same period in 2018. Especially, the Bank's net income from service activities reached VND 286 billion, an increase of 3 times over the same period last year. Securities and foreign exchange trading activities are profitable and contribute to the Bank's profit growth. Besides, SeABank also completed increasing its charter capital to VND 9,369 billion.

Not only that, SeABank was also rated B1 level by one of the world's three most prestigious credit rating agencies – Moody’s, reflecting the Bank's good financial capacity and development opportunities. At the same time, the State Bank of Vietnam officially approved SeABank to comply with Circular 41/2016 /TT-NHNN according to Basel II standards ahead of time. Meeting the strict norms of Basel II shows that SeABank is capable of preventing credit risks, market risks, operational risks and risks that may occur during its operation.

With these achievements, SeABank was honored to be awarded many prestigious domestic and foreign awards such as Top 500 largest and strongest banks in Asia - Pacific, the most favorite retail bank in Vietnam 2019. ASEAN Strong Brands 2019, Asia-Pacific Outstanding Brands 2019, National Strong Brands in 2019, Top 500 Vietnam's largest enterprises VNR500... This will be a motivation for SeABank to enhance its efforts to bring the best products to customers and achieve greater achievements in the future. SeABank is currently serving more than 1 million individual and corporate customers with a wide range of financial services, utilities and modern.

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.