SeABank achieved profit of 4,350 billion VND in the first quarter of 2025

Exceeded 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, specifically: Pre-tax profit from business activities completed 269% of the plan, reaching 4,350 billion VND,   increased by nearly 189%; Total net income (TOI) completed 184% of the plan, reaching 5,820 billion VND, an increase of more than 115%, of which, non-interest income was a bright spot contributing to the proportion of total operating income when reaching 3,369 billion VND, a growth of more than 378%, completing 340% of the plan. This positive result comes from proactively expanding non-credit services combined with cost control, strengthening risk management and implementing important projects.

By the end of the first quarter of 2025, SeABank's total mobilization from deposits and valuable papers reached VND 189,993 billion and total outstanding loans to customers reached VND 213,048 billion, a net increase of VND 3,693 billion.

In addition, the bad debt ratio decreased slightly compared to 2024, at 1.84% due to the Bank's good control of credit risks in the context of many economic difficulties, the bad debt ratio of the entire banking industry increased. The coverage ratio remained at 81.81%, ensuring provisions and use of provisions according to regulations.

As of March 31, 2025, SeABank's total assets are VND 333,746 billion, an increase of 2.47%, equivalent to a net increase of VND 8,047 billion compared to December 31, 2024, and the Bank's charter capital is at VND 28,450 billion.

Strengthening international cooperation, supplementing capital sources to support SME enterprises

In the first quarter of 2025, SeABank continues to be trusted and chosen by international financial institutions to become a partner to help Vietnamese enterprises access capital, thereby improving capacity and focusing on promoting key business areas.

By the end of March 2025, SeABank's total capital mobilized from the international market reached nearly 1.1 billion USD after Proparco (French Development Finance Organization) and FMO ( Dutch Enterprise Development Bank ) jointly invested 80 million USD. This investment not only helps SeABank supplement capital to support SMEs and women-owned enterprises, but also affirms the Bank's reputation, operational efficiency, and capital efficiency.

Also in the first quarter of 2025, SeABank completed the transfer of PTF Postal Finance Company to AEON Financial Service, thereby helping SeABank have more capital, increase financial capacity to expand scale, invest in technology, promote business activities in a focused direction and sustainable growth.

Source: https://www.seabank.com.vn/tin-tuc/tin-seabank/news/seabank-dat-loi-nhuan-4350-ty-dong-quy-12025