Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) announced consolidated business results for the first quarter of 2024 with pre-tax profit reaching 1.506 billion VND, an increase of nearly 41% over the same period in 2023. Besides, Other business indicators all have stable growth.
Accordingly, thanks to flexibly shifting business direction, focusing on digital technology and diversifying products and services, SeABank continued to have strong growth in the first quarter of 2024 compared to the same period in 2023, specifically: Profit Consolidated pre-tax profit reached 1.506 billion VND, an increase of nearly 41%; Total operating income reached VND 2.706 billion, an increase of 19,54%; Total revenue reached 6.438 billion VND, an increase of 4,6%. At the same time, SeABank's net non-interest income (NOII) also recorded an impressive growth of nearly 51% over the same period, reaching VND 705 billion.
At the end of the first quarter of 2024, SeABank's total mobilization from deposits and value added reached 168.605 billion VND, an increase of 6.919 billion VND, equivalent to 4,3% over the same period and total outstanding customer loans reached 181.238 billion VND. , a net increase of VND 1.487 billion. In addition, SeABank always ensures operational safety with the bad debt ratio controlled at 1,95%. The bad debt coverage ratio reached 86,84% because the Bank was proactive in effectively using resources to control and collect bad debts.
As of March 31, 3, SeABank's total assets are 2024 billion VND, an increase of 271.614%, equivalent to a net increase of 2,06 billion VND compared to December 5.492, 31 and the Bank's charter capital is at 12 billion VND. billions dong. SeABank is submitting to the 2023 Annual General Meeting of Shareholders for approval a plan to increase capital to 24.957 billion VND, including: Issuing shares to pay dividends and bonus shares from equity capital with a total ratio of approximately 2024% %; issuing shares under an employee option program (ESOP); and offer individual shares to domestic and/or foreign professional investors that meet SeABank's standards and conditions and the law.
SeABank
