SeABank's total assets are VND 333,746 billion, up 2.47%, equivalent to a net increase of VND 8,047 billion compared to December 31, 2024 and the Bank's charter capital is VND 28,450 billion.
Exceeding the plan set in the first quarter
Accordingly, SeABank has successfully completed the targets in the first quarter of 2025, maintaining growth momentum compared to the same period in 2024. Pre-tax profit from business activities completed 269% of the plan, reaching VND 4,350 billion, up nearly 189%.
Total net revenue (TOI) completed 184% of the plan, reaching VND 5,820 billion, up more than 115%. In particular, non-profit purse is a bright spot that contributes to boosting the proportion of total operating income to VND 3,369 billion, growth of more than 378%, completing 340% of the plan. This positive result comes from the proactive expansion of non-credit services combined with cost control, enhanced risk management and implementation of important projects.
At the end of the first quarter of 2025, total mobilization from deposits and GTCG of SeABank reached VND 189,993 billion and total outstanding loans to customers reached VND 213,048 billion, up net VND 3,693 billion.
In addition, the bad debt ratio decreased slightly compared to 2024, at 1.84% due to good control of credit risks in the context of many difficulties, the bad debt ratio of the whole banking industry increased. The percentage of maintenance is 81.81%, ensuring deduction and use of reserve as prescribed.
As of March 31, 2025, SeABank's total assets were VND 333,746 billion, up 2.47%, equivalent to a net increase of VND 8,047 billion compared to December 31, 2024, and the Bank's charter capital was VND 28,450 billion.
Strengthening international cooperation, supplementing capital to support SME enterprises
In the first quarter of 2025, SeABank will continue to be trusted by international financial institutions and selected as a partner to help Vietnamese enterprises access capital, thereby improving their capacity and focusing on promoting key business areas.
At the end of March 2025, SeABank's total capital mobilized from the international market reached nearly 1.1 billion USD after Proparco (France Financial Development Corporation) and FMO (Netherlands Enterprise Development Bank) jointly invested 80 million USD.
This investment not only helps SeABank supplement capital to support SME businesses and women-owned enterprises, but also affirms the prestige, operational efficiency, and capital efficiency of the Bank.
Also in the first quarter of 2025, SeABank completed the transfer of PTF Post Office Finance Company to AEON Financial Service, thereby helping SeABank have more capital, enhance financial capacity to expand scale, invest in technology, promote business activities in a focused direction and sustainable growth.
Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with nearly 4 million customers, nearly 5,300 employees and 181 transaction points nationwide.
SeABank's goal is to become a typical retail bank with a customer-centric strategy by providing a diverse system of financial products and services for individuals, small businesses and large enterprises.
SeABank is considered one of the banks with an important position in the banking system with a charter capital of VND 28,450 billion, ranked Ba3 by Moody's in many important categories, and is one of the first banks to implement the Basel III international risk management standard.
According to the "Digital convergence" development strategy, SeABank focuses on digitizing products and services as well as applying technology in internal operations and investing in building modern technology infrastructure to optimize processes, increase operational efficiency, bring customers a different experience in digital banking services, aiming to become the most favorite retail bank.
