SeABank Reports Assets up 28 per cent to US$812.5Mln
The Southeast Asia Commercial Joint Stock Bank (SeABank) said its gross assets reached VND13 trillion (US$812.5 million) by the end of the first quarter, soaring by 28 per cent from the end of 2006.
In March, SeABank raised registered capital to VND1 trillion (US$62.5 million). It plans to triple the figure by the end of 2007.
The bank’s Ho Chi Minh City branch is the top branch in terms of growth. Its deposits in the first three months increased by VND300 billion, or 25 per cent, from last year to VND1.5 trillion (US$93.8 million).
The branch’s outstanding loans rose 10 per cent to VND1.4 trillion (US$87.5 million).
SeAbank now offers the highest deposit interest rates in Vietnam. Its Vietnamese dong deposits have annual rates of 7.74 per cent for one-month, 8.16 per cent for two-month, 8.7 per cent for three-month and 9.06 per cent for six-month terms.
US dollar deposit annual rates are 4.4 per cent for a one-month term, 3.6 per cent for two-month, 4.75 per cent for three-month, and 5.05 per cent for six-month terms. (Vietnam Economic Times, Banking Times)
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