SeABank completes 2023 business plan: noticeable CASA growth, controlled NPL
HANOI, Vietnam, Feb. 6, 2024 /PRNewswire/ -- Considering the global and domestic unstable economic context, these results imply SeABank's flexible business transformation focusing on digital technology, green credit development and launching new fee-charging products.
- Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its 2023 business results with considerable growth: CASA increased to 11.5%; Net increase in outstanding debt and mobilization respectively up 16.76% and 25.35% YoY; NPL is controlled at 1.94%; EBT reached more than US$189.4 million.
- Ending 2023, SeABank's total assets reached US$10.9 billion, growing 15% YoY; Charter capital increased to US$1 billion, up 22.32% YoY.
- In 2023, the total amount of reduced interest for existing customers has reached up to US$16.7 million.
- These efforts have resulted in the EBT of more than US$189.4 million, completing the 2023 business plan, equivalent to ROE of 13.03%.