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SeABank Achieves 2020 Pre-Tax Profit of USD74.95 Million, Completes 115% Business Plan


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HANOI, Vietnam, Jan. 20, 2021 /PRNewswire/ Southeast Asia Commercial Joint Stock Bank (SeABank - Vietnam) announces business results in 2020 with the highest growth rate of the Bank: consolidated profit before tax of nearly USD74.95 million, up 24% compared to 2019, completing 115% of the 2020 plan. Total assets reached USD7.81 billion, increased 14.5%; Total outstanding loans in market 1 rose by USD4.72 billion, up 10.4%; Total mobilization in market 1 reached USD4.91 billion, up 18%; Non-interest revenue reached USD66.3 million, accounts for 33.2% of total net revenue. The cost to income ratio (CIR) is 47.5%; ROA and ROE are 0.81% and 11.06% respectively; NPL ratio is only 1.86%.
SeABank Achieves 2020 Pre-Tax Profit of USD74.95 Million, Completes 115% Business Plan ....

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