{"id":26069,"date":"2024-04-04T04:01:00","date_gmt":"2024-04-04T04:01:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4379797_AE79797_0"},"modified":"2024-04-04T04:01:00","modified_gmt":"2024-04-04T04:01:00","slug":"seabank-reports-profitable-first-quarter-results-pbt-increases-41-yoy","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=26069","title":{"rendered":"SeABank reports profitable first quarter results, PBT increases 41% YoY"},"content":{"rendered":"\n

HANOI, Vietnam<\/span>, April 4, 2024<\/span> \/PRNewswire\/ — Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) announces its consolidated business results for Q1 2024 with profit before tax (PBT) reaches US$60.66 million<\/span>, up nearly 41% YoY. Other business indicators all record stable growth.<\/i><\/p>\n

\n

\"SeABank <\/a>
SeABank reports profitable first quarter results, PBT increases 41% YoY<\/span><\/p>\n<\/p><\/div>\n

Accordingly, thanks to flexible business strategy, together with effective priority on digital technology and product diversification, SeABank<\/a> continues to grow stronger in Q1 2024 compared to Q1 2023. Particularly, consolidated PBT reaches US$60.66 million<\/span>, increases nearly 41% YoY; total operating income reaches US$109 million<\/span>, up 19.54% YoY; total revenue reaches US$259.3 million<\/span>, increases 4.6% YoY. At the same time, SeABank’s net non-interest income (NoII) records an impressive growth of nearly 51% YoY, reaches US$28.9 million<\/span>.<\/p>\n

By the end of Q1 2024, SeABank’s total mobilization from deposits and valuable papers reaches US$6.79 billion<\/span>, increases US$278.7 million<\/span> equivalent to a 4.3% increase YoY; total loans to customers reaches US$7.3 billion<\/span>, recording a net increase of US$59.9 million<\/span>. Additionally, SeABank always guarantees operational safety with NPL controlled at 1.95%. The Debt-service Coverage Ratio (DSCR) is recorded 86.84% thanks to the Bank’s proactive and effective resource management to control and collect bad debts.<\/p>\n

By March 31, 2024<\/span>, SeABank’s total assets reach US$10.94 billion<\/span>, up 2.06% YoY, equivalent to a net increase of US$221.2 million<\/span> from December 31, 2023<\/span>; and the Bank’s charter capital reaches US$1 billion<\/span>. SeABank is submitting to the 2024 Annual General Meeting of Shareholders for approval a plan to increase charter capital to US$1.2 billion<\/span>, including: issuing shares to pay dividends and bonus shares from equity capital with a total ratio of approximately 14%; issuing shares under an Employment Stock Ownership Plan (ESOP); and offer individual shares to domestic and\/or foreign professional investors that meet all the standards and conditions by SeABank and the law.<\/p>\n","protected":false},"excerpt":{"rendered":"

HANOI, Vietnam, April 4, 2024 \/PRNewswire\/ — Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) announces its consolidated business results for Q1 2024 with profit before tax (PBT) reaches US$60.66 million, up nearly 41% YoY. Other business indicators all record stable growth. SeABank reports profitable first quarter results, PBT increases 41% YoY Accordingly, […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-26069","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\nSeABank reports profitable first quarter results, PBT increases 41% YoY - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=26069\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SeABank reports profitable first quarter results, PBT increases 41% YoY - My Blog\" \/>\n<meta property=\"og:description\" content=\"HANOI, Vietnam, April 4, 2024 \/PRNewswire\/ — Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) announces its consolidated business results for Q1 2024 with profit before tax (PBT) reaches US$60.66 million, up nearly 41% YoY. 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