Accordingly, the ratio of non-term deposits (CASA) reached 11.5%, higher than previous years; net increase in outstanding loans and impressive mobilization reached 16.76% and 25.35% respectively compared to 2022, while the bad debt ratio was controlled at 1.94%. The bank's pre-tax profit reached more than VND 4,616 billion.
In 2023, the world and domestic economic situation will have many fluctuations. By flexibly shifting business direction, focusing on digital technology, prioritizing green credit development and opening new fee-based products, SeABank will complete its 2023 business plan with many positive growth indicators.
As of December 31, 2023, SeABank's total assets reached VND 266,107 billion, an increase of 15% compared to 2022; charter capital was VND 24,957 billion, an increase of 22.32% over the same period, helping the Bank improve its capital capacity.
Strong financial resources help SeABank focus on promoting digital technology, optimizing technology to bring customers convenient products and services with many positive experiences throughout the process of using the bank's financial services.
Diversifying products, improving service quality, cooperating in cross-selling products as well as increasing technology application has helped increase the total number of customers transacting at SeABank to more than 3 million customers.
In 2023, the bank recorded more than 32.3 million transactions on digital platforms, an increase of 157% over the same period, and more than 71% of newly opened accounts were registered online via eKYC.
This demonstrates the bank's efforts in attracting new customers as well as maintaining existing customer bases, thereby helping to increase mobilization growth in 2023 to VND 144,840 billion, an increase of nearly 125.4% compared to 2022, in which the rate of non-term deposits (CASA) continues to increase compared to previous years, reaching 11.5% of total mobilization.
Along with that, SeABank's total outstanding debt also reached nearly 180,000 billion VND, an increase of more than 116% compared to 2022. Supporting corporate and individual customers during the economic recovery period, SeABank has implemented many preferential policies such as reducing interest rates, reducing fees to support businesses and individuals, preferential loan packages with a limit of thousands of billions of VND...
In 2023, the total amount of interest reduction for existing customers will reach VND 407.28 billion. Facing many challenges, SeABank still ensures safety in banking operations with the bad debt ratio controlled below 2% (1.94%) because the bank is proactive in using resources to cover, control and recover bad debts. The quick liquidity reserve ratio reaches 20.2% and the 30-day VND solvency ratio reaches 67.56%.
These efforts have brought SeABank more than VND 4,616 billion in pre-tax profit, completing the 2023 business plan, corresponding to a return on equity (ROE) ratio of 13.03%.
2023 is also a year of many milestones for SeABank when it was honored with many major awards domestically and internationally, such as: Top 1000 Strongest Banks in the World (Top 1000 World Bank); Top 100 Sustainable Enterprises in Vietnam; Top 100 Most Valuable Brands in Vietnam 2023; Best Workplace in Asia 2023...
In addition, SeABank continues to be rated Ba3 by Moody's for its Issuer and Long-term Domestic and Foreign Currency Deposits categories, while maintaining SeABank's baseline credit assessment (BCA) at B1.
Moody's affirmation of SeABank's rating with a Stable outlook reflects the agency's expectation of the bank's high and improving capital adequacy.
Taking the motto For the Community as one of its core values, in 2023, SeABank continues to carry out many practical and meaningful social security activities with a total budget of more than 39.2 billion VND, such as donating 700 houses to the poor in Ha Tinh, Nghe An, and Dien Bien.
Awarded 10 lifelong scholarships worth more than 1 billion VND to poor students in Quang Nam, Binh Phuoc, Nam Dinh, Ho Chi Minh City, and Bac Giang.
Awarding monthly Scholarships for Study Encouragement to nearly 150 students sponsored by the Dream Nurturing Fund; donating and planting nearly 31,000 trees for the Dak Lak Provincial Forest Protection and Development Fund and the Protective Forest Management Board of Nhu Thanh District, Thanh Hoa Province; implementing annual charity activities such as Spring of Love, SeABankers for Children, and Citizens Week nationwide...
Bao Anh
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