July 25, 2024

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SeABank SSB Trades on HOSE — Capitalization exceeds USD1 billion following ATO

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Listing and buying and selling on the Ho Chi Minh Metropolis Inventory Trade maximizing the Bank’s domestic and worldwide track record and demonstrating Vietnam’s pacey socio-economic enhancement.

Madame Nguyen Thi Nga – SeABank Standing Vice Chairman, said: “With SeABank shares now stated and trading on Ho Chi Minh City Stock Exchange we have achieved a significant milestone. Today’s success affirms SeABank’s power and model situation in the market place and demonstrates our transparency and liquidity which has served deliver the optimum advantage to our shareholders, and all of which will draw in additional domestic and foreign buyers in coming times.”

Underpinning SeABank’s strong situation, on March 18, 2021 for the third consecutive 12 months, top 3 international credit history rating firm, Moody’s, verified the Bank’s long-phrase local and foreign currency deposit and challenge ranking as B1. And, revised the outlook for the lengthy-time period area and international currency deposit and challenge rankings as “Secure”.

Moody’s identified SeABank in conditions of funds adequacy, profitability from retail banking, a healthy balance sheet and quite good liquidity. This appraisal was an great validation of the Bank’s economic capability and hazard management, even more strengthening its standing with domestic and international companies, buyers, partners and consumers.

Today, with 27 yrs of encounter in the Vietnamese banking landscape behind them, SeABank’s constitution cash puts it in the leading 10 personal professional banking companies nationwide with a rising network of 180 transaction facilities serving 1.6 million clients. In 2021, SeABank expects to see a further more 10% progress in belongings, 15% growth in web fascination cash flow, 50% advancement in non-curiosity revenue and 39.6% growth in pre-tax revenue when in comparison to 2020.

Resource SeABank

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