SeABank ups capital to US$403 million

Thursday, Oct 10, 2019 15:29

A SeABank teller. The bank has completed raising its charter capital to VNĐ9.37 trillion (US$403 million). — Photo courtesy of SeABank

The Southeast Asia Joint Stock Commercial Bank (SeABank) in September raised its charter capital to near VND9.37 trillion (US$403 million) from previous VND7.7 trillion.

The new capital volume makes SeABank among the 15 largest banks by charter capital in Viet Nam, the bank said in a statement.

SeABank aims to become the most favourite retail bank in the market with the share issuance.

The issuance will help improve the bank’s financial capability, expand its network, improve technology and facilities, and diversify products and services to meet the demand of customers.

SeABank now has total of 165 offices in the country.

In the first six months of the year, the bank earned VND409 billion worth of pre-tax profit, up 57.4 per cent year on year.

Total assets rose 6.1 per cent from last year’s figure to near VND150 trillion. Total lending was up 8.2 per cent in six months to VND95.2 trillion.

The bank is well-known for its renovation efforts to provide customers with high-quality individual financial products and services. — VNS

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