mobifone registers to sell nearly 9000 ssb shares stepping out of seabank

MobiFone registers to sell nearly 9,000 SSB shares, stepping out of SeABank

MobiFone officially divested from SeABank (HSX: SSB) by selling its 8,781 shares.
three banks agree on loan for vietnam airlines on verge of bankruptcy

Three banks agree on loan for Vietnam Airlines on verge of bankruptcy

In order to support Vietnam Airlines to overcome financial issues, SeABank, MSB and SHB agree to provide loan packages worth $173.9 million to assist the national flag carrier.
strong rise in bank profitability in first quarter

Strong rise in bank profitability in first quarter

A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.
market opens new week on positive note as large cap stocks rise

Market opens new week on positive note as large-cap stocks rise

Vietnam's stock market rose on Monday morning, reversing last week's downward trend on gains in blue-chip stocks.
seabank accolades demonstrate value of financial market

SeABank accolades demonstrate value of financial market

SeABank’s involvement as one of seven lenders in the country taking part in the Vietnam Value Programme has reaffirmed the position of the bank in the domestic financial market.
prudential vietnam and seabank strengthen strategic partnership

Prudential Vietnam and SeABank strengthen strategic partnership

At the first anniversary of the 20-year exclusive bancassurance partnership between UK-backed life insurer Prudential Vietnam and Hanoi-based commercial lender Southeast Asia Bank (SeABank), the two companies signed an MoU to distribute Prudential Vietnam’s digital insurance product PRU-Guard 24/7 through SeABank’s e-banking platform.
seabank plans to file for ipo

SeABank plans to file for IPO

The Board of Management at SeABank has recently approved a strategic plan to raise its charter capital to VND12.088 trillion ($525.57 million),then file for an initial public offering (IPO) in the fourth quarter at the latest.
seabank achieves impressive pre tax profit growth in 2019

SeABank achieves impressive pre-tax profit growth in 2019

Southeast Asia Commercial Joint Stock Bank (SeABank – Vietnam) has just announced its 2019 business results with consolidated pre-tax profit of VND1.39 trillion ($60.43 million), an increase of VND768.26 billion ($33.4 million), equivalent to 123.4 per cent compared to 2018, with ROE at 12.03 per cent and achieving all business targets. This is the highest growth rate that bank has ever reported.  
seabank achieves impressive pre tax profit growth in 2019

SeABank achieves impressive pre-tax profit growth in 2019

SeABank has announced its 2019 business results with a consolidated pre-tax profit of VND1.39 trillion ($60.43 million), an increase of VND768.26 billion ($33.4 million) compared to 2018, with returns on equity (ROE) at 12.03 per cent and all business targets ticked out. This is the highest growth rate ever for the bank.
prudential vietnam and seabank establish exclusive bancassurance partnership

Prudential Vietnam and SeABank establish exclusive bancassurance partnership

Prudential Vietnam Assurance Private Ltd. (Prudential Vietnam), a subsidiary of Prudential Plc., and Southeast Asia Commercial Joint Stock Bank (SeABank) have entered into an exclusive bancassurance partnership with a 20-year term. Prudential Vietnam will also become the preferred life insurance provider to BRG Group, a leading conglomerate in Vietnam with approximately 10 million customers. The partnership is expected to be effective from April 2020.
seabank allowed to apply basel ii before deadline

SeABank allowed to apply Basel II before deadline

On October 29, 2019 in Hanoi, Southeast Asia Commercial Joint Stock Bank (SeABank) was officially recognised by the State Bank of Vietnam to have met the minimum capital adequacy ratio in accordance with Basel II international standards.
moodys assigns b1 ranking for seabank

Moody's assigns B1 ranking for SeABank

On October 10, 2019, Moody's – one of the three most prestigious credit institutions in the world – announced the results of B1 long-term rating for SeABank.
brg vnpt sumitomo and seabank partner up in fintech and smart city

BRG, VNPT, Sumitomo, and SeABank partner up in fintech and smart city

The co-operation agreement on development of fintech and the application of high technology in smart cities between Vietnamese conglomerates BRG group, VNPT group, SeABank, and Japan’s conglomerate Sumitomo group was awarded under the witness of Prime Minister Nguyen Xuan Phuc and representatives of the governments of the two countries.
brg groups mission to reach excellence for all

BRG Group’s mission to reach excellence for all

Hotel and golf resort giant BRG Group is harnessing its passion for Vietnam’s development to promote corporate social responsibility through everything from restoring traditional identities and funding school construction, to organising charity events and awarding scholarships.
banks struggle to lure long term capital

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.