SeABank will reduce its interest rates by a maximum of one per cent, on its loans, for existing customers till the end of this year to help them through the COVID-19 pandemic.
HANOI, Vietnam, July 20, 2021 /PRNewswire/ -- At the end of the first half of 2021, Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) witnessed impressive performance with a consolidated pre-tax profit of nearly VND 1,557 billion, increasing by 2.3 times year-over-year and almost equaling 2020's year-end profit. The Bank's Total Assets reached VND 186,934 billion; Net Profit rose to VND 2,430 billion, up by 182%; Net Income from services increased sharply to VND 469.2 billion, up by 311%; the CIR stood at 38.3% compared to 52.1% year-over-year; the NPL ratio continued to decrease from 1.86% (2020) to 1.76% (2021).
Several Vietnamese banks have appointed foreigners to key positions such as CEO and chairman as new growth drivers.