SeABank ups capital to US$403 million

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

HÀ NỘI — The Southeast Asia Joint Stock Commercial Bank (SeABank) in September raised its charter capital to near VNĐ9.37 trillion (US$403 million) from previous VNĐ7.7 trillion.

The new capital volume makes SeABank among the 15 largest banks by charter capital in Việt 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 VNĐ409 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 VNĐ150 trillion. Total lending was up 8.2 per cent in six months to VNĐ95.2 trillion.

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

Tags banking charter capital share issuance

Vietnam Medipharm 2024 coming in early December

Economy

Car imports increase 37.5 per cent in 10 months

Economy

US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

Economy

Conference promotes business expansion to the US

Economy

Việt Nam Regional Specialities Fair 2024 starts in Hà Nội

Economy

VN's food processing industry struggles to improve quality and value chain integration

More on this story

Economy

PTSC M&C affirms Việt Nam's marine mechanical engineering brand

Việt Nam’s marine mechanical engineering has won many bidding packages worth tens of millions of dollars. Among them, PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) shines bright as one of the leading companies in engineering, procurement, construction and installation contractors.

Economy

Moody's review of Vietnam's Ba3 rating improper: Finance Ministry

The Vietnamese Ministry of Finance (MoF) on Thursday said Moody's Investors Service’s decision to place Việt Nam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.

Economy

Thai Vietjet opens new domestic routes

Udon Thani, covering an area of 11,730 square kilometers, is a prime business center of northeast Thailand. The town itself has many must-see attractions, plus there are some tremendously interesting spots around it.

Economy

Construction firm to raise US$50 million from bond sale

In the first six months of 2019, the company had VNĐ15.9 trillion in total assets, up by VNĐ28 billion from the beginning of the year.

Economy

Việt Nam pushes up national brands

Việt Nam has set a target of having more than 1,000 products recognised as national brands between 2020 and 2030, marking an increase of 20 per cent.

Economy

Vietnam Airlines raises salary for pilots

Vietnam Airlines Corporation has decided to increase the salary of pilots on Boeing B787 and Airbus A350 by 22 per cent, nine months ahead of schedule.

Economy

VN to stay on track as East Asia and Pacific growth slumps

Việt Nam’s GDP growth projection, however, remain unchanged on a steady course to hit 5.8 per cent by the end of 2019 with forecast growth of 6.1 per cent and 6.2 per cent for 2020 and 2021 espite a broad decline for the East Asia and Pacific region.

Economy

Gov’t must adapt to sharing economy models

Việt Nam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties.

Economy

Exhibitions showcasing metalworking innovations open in HCM City

A wide range of machine tools, advanced metalworking solutions, high-quality industrial grade parts, welding and cutting materials, equipment and technologies, and advanced industrial robots are on display at three exhibitions that opened in HCM City on October 10.