SeABank reports stable Q1/2026 results in line with annual business targets

As of March 31, 2026, SeABank’s total assets reached VND403.198 trillion, total outstanding credit amounted to VND246.188 trillion, demonstrating the Bank’s reasonable credit growth with a focus on risk control and asset quality. Total mobilized funds reached VND217.863 trillion, of which customer deposits accounted for VND185.876 trillion, continuing to serve as a stable and primary source of funding. Asset quality remained within the Bank’s target threshold, with the non-performing loan (NPL) ratio maintained at 2.24%, reflecting the effectiveness of its risk management and debt resolution efforts. Notably, SeABank’s total equity reached VND41.482 trillion, further strengthening its financial capacity and capital adequacy ratio (CAR).

In Q1/2026, SeABank’s total operating income (TOI) reached VND2.914 trillion, fulfilling 108% of the quarterly target. Of this, net interest income (NII) remained the main contributor at VND2.413 trillion, while non-interest income (NoII) fluctuated in line with market conditions. Service activities also recorded positive growth, with net income reaching VND197 billion, up 12.46% YoY. These positive results helped SeABank achieve profit before tax of VND1.388 trillion, equivalent to 99% of the quarterly target and in line with its planned business roadmap.

Operating expenses continued to be effectively managed, with the cost-to-income ratio (CIR) maintained at 32.02%, lower than the planned target, demonstrating the Bank’s strong efforts to optimize operations and enhance operational efficiency.

The Q1/2026 results indicate that SeABank is implementing its business strategy in line with a prudent growth orientation, with a focus on risk control and operational efficiency, thereby laying a solid foundation for achieving its business targets for 2026.