Accordingly, on July 17, the Ho Chi Minh City Stock Exchange (HOSE) announced the list of stocks in the VN30 and VN-Finlead index baskets, effective from August 7, 2023. SSB shares of Southeast Asia Commercial Joint Stock Bank ( SeABank ) are the stock codes selected for the VN30 basket because they satisfy the requirements of the HOSE Index Rules. SSB has an average 6-month market capitalization of nearly VND 65,000 billion. SSB is one of the few codes with the largest capitalization among stocks not in the VN30 basket in the previous period.
Being selected for the VN30 list shows that SSB has met the strict requirements of HOSE standards, as well as being highly appreciated in terms of human resource management and operations compared to the general level, with high capitalization and large liquidity, bringing attractive investment opportunities. At the same time, being included in the VN30 basket also affirms the prestige, operational efficiency as well as financial potential of SeABank in the financial - banking market.
SSB was officially selected into the VN30-Index basket.
During its operations, SeABank always prioritizes transparent information disclosure to shareholders, partners, and customers, complies with legal regulations and follows the direction of the Government and the State Bank to stabilize the market, ensure smooth operations, promote production and business activities, thereby contributing to the socio -economic development of the country.
SeABank's SSB shares were officially listed on HOSE on March 24, 2021 with a reference price on the first trading day of VND 16,800/share and have grown steadily over the past time. In June 2023, SeABank successfully issued shares to pay dividends and issued shares to increase equity capital from owners' equity (bonus shares) with a total rate of 20.3% to increase charter capital to VND 24,537 billion. At the end of the trading session on July 17, 2023, the market price of SSB shares was VND 29,100/share, thereby bringing SeABank's capitalization value to more than VND 71,402 billion, equivalent to nearly USD 3.05 billion.
Previously, SSB was also added to the frontier market stock index by MSCI (Morgan Stanley Capital Index) from March 1, 2023. According to experts, stocks included in the MSCI Frontier Markets Index can be targeted by ETFs (Exchange Traded Funds) based on frontier stock markets. Some funds refer to this index to invest or simulate their portfolios according to this portfolio.
SeABank has just been surveyed and voted by Vietnam Report to rank 22nd in the Top 50 prestigious and effective public companies in 2023.
In particular, SeABank has just been surveyed and voted by Vietnam Report to rank 22nd in the Top 50 Prestigious and Effective Public Companies in 2023 and Top 10 Prestigious Private Banks in 2023, and is also one of 13 banks that achieved the "Information Disclosure Standards in 2023", according to the comprehensive survey report of the Organizing Committee of IR Awards 2023.
Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with nearly 2.5 million customers, nearly 5,200 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 to individuals, small businesses and large enterprises.
SeABank is considered one of the pillar banks in the banking system with a charter capital of VND 24,537 billion, ranked Ba3 by Moody's in many important categories, and is one of the first banks to implement Basel III international risk management standards.
According to the development strategy of "Digital Convergence", 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 of digital banking services, aiming to become the most favorite retail bank.
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