SeABank was honored as Excellent Risk Management Bank and Excellent Innovative Bank.

A judging panel of over 500 leading experts from The European Magazine (UK) has selected and awarded SeABank the "Risk Management Bank of the Year Vietnam 2024" award. This international organization recognizes SeABank as a financial institution with outstanding business results, and as an innovative and successful enterprise in applying technological solutions to build its risk management and mitigation systems. Being named in this award category demonstrates SeABank's breakthrough in innovation and technology in risk management, bringing clear business benefits and ensuring safe, stable, and efficient banking operations.

Effectively leveraging risk management helps the Bank possess a solid capital base, thereby enabling SeABank to strengthen its financial capacity, ensure good operational safety indicators, and have a foundation to achieve its strategic goals.

In addition to prioritizing compliance with domestic risk management regulations, SeABank also focuses on applying international standards, being one of the pioneering banks in comprehensively implementing Basel III even without mandatory regulations, and completing all three pillars of Basel II ahead of schedule to enhance its risk management processes.

SeABank also adopted International Financial Reporting Standards (IFRS) early on, alongside Vietnamese Accounting Standards, when preparing and presenting financial statements. This helps the bank strengthen risk management and control by improving its ability to measure and manage business results, creating a basis for rational resource allocation to increase capital efficiency.

In addition to its recognized achievements in risk management, SeABank was also highly praised by The CEO Views magazine (USA) for its outstanding efforts in innovating and upgrading the quality of products and services, applying advanced technology to digitize products, services and operations, maintaining its competitive advantage, and enhancing customer experience. This is one of the main criteria for The CEO Views to honor SeABank in the "Innovation Excellence Award 2024" category.

In recent times, adhering to its sustainable development strategy, SeABank has focused on developing financial products and services with superior and user-friendly features, and increasing digitalization. This includes the deployment of e-banking through e-banking applications for individuals and businesses: SeAMobile/SeAMobile Biz/SeANet, providing convenience and many benefits to customers, minimizing paper and ink usage, enabling customers to transact without distance, thereby helping the Bank optimize costs and demonstrating a strong commitment to environmental and social responsibility.

In particular, SeABank has become a pioneer in deploying specialized products and services exclusively for women: the SeALady international credit card, products supporting female business owners, the Women's Business Club (SeAPower), and loan products for members of the Vietnam Women's Union (SeAWomen)... This demonstrates SeABank's commitment to supporting women, giving them confidence and peace of mind in using financial services with many outstanding benefits.

These achievements serve as a foundation for SeABank to confidently offer even more products and services, enhance customer experience, gain a competitive advantage, and maintain sustainable growth in the future.

Established in 1994, SeABank is one of the leading joint-stock commercial banks in Vietnam with over 3 million customers, nearly 5,500 employees, and 181 transaction points nationwide. SeABank aims to become a leading retail bank with a customer-centric strategy by providing a diverse range of financial products and services to individuals, small businesses, and large corporations. Considered a pillar bank in the banking system, SeABank boasts a chartered capital of VND 24,957 billion, is rated Ba3 by Moody's in several key categories, and was one of the first banks to implement the international Basel III risk management standards.

According to the "Digital Convergence" development strategy, 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.

Source: https://www.congluan.vn/seabank-duoc-vinh-danh-ngan-hang-quan-tri-rui-ro-xuat-sac-va-ngan-hang-sang-tao-xuat-sac-post301371.html