SeABank reaches impressive PBT in the first 9 months, maintains CASA growth momentum - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Banking](https://thailandbusinessnews.net/category/banking/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # SeABank reaches impressive PBT in the first 9 months, maintains CASA growth momentum ##### Up next ![Delta Air Lines to Deliver First-Of-Its-Kind CES Keynote at Sphere](https://i0.wp.com/thailandbusinessnews.net/wp-content/uploads/2024/10/CTA_Dlta_CEO_ed_bastian.jpg?resize=200%2C110&ssl=1 "Delta Air Lines to Deliver First-Of-Its-Kind CES Keynote at Sphere") [](https://thailandbusinessnews.net/press-release/delta-air-lines-to-deliver-first-of-its-kind-ces-keynote-at-sphere/) ###### [Delta Air Lines to Deliver First-Of-Its-Kind CES Keynote at Sphere](https://thailandbusinessnews.net/press-release/delta-air-lines-to-deliver-first-of-its-kind-ces-keynote-at-sphere/) Published on 22 October 2024 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) HANOI, Vietnam, Oct. 22, 2024 /PRNewswire/ — In the first 9 months of 2024, Southeast Asia Commercial Joint Stock Bank ([SeABank](https://www.seabank.com.vn/), HOSE: SSB) recorded PBT of US$180 million, together with positive business indicators thanks to solid and effective risk management. [ ![SeABank reaches impressive PBT in the first 9 months, maintains CASA growth momentum](https://mma.prnasia.com/media2/2537269/SeA_Bank.jpg?p=medium600 "SeABank reaches impressive PBT in the first 9 months, maintains CASA growth momentum") ](https://mma.prnasia.com/media2/2537269/SeA_Bank.html) SeABank reaches impressive PBT in the first 9 months, maintains CASA growth momentum CASA maintains impressive growth momentum In the first 9 months, SeABank’s total foreign and domestic mobilization reached US$7 billion. CASA escalated to US$817 million, up 24% from the figure of December 31, 2023 and accounted for 13.46% of total deposits. SeABank also maintained growth momentum, notably reaching PBT of US$180 million – a net increase of US$55 million and up 43% YoY. Of which, TOI reached US$363 million, up 39.56% YoY; NOII reached US$65 million; NII reached US$298 million. NIM increased slightly to 3.94%, although the average lending interest rate decreased, and signs of increasing have just been shown since the end of July. SeABank also recorded positive performance indicators, particularly ROE at 14.96% and ROA at 1.73%. Ending the first 9 months, SeABank’s total outstanding customer balance reached US$7.8 billion; Total assets recorded a net increase of US$885 million YoY, achieving US$11.4 billion. SeABank is completing procedures for its charter capital increase to US$1.1 billion, after successfully issuing 329 million shares to pay 2023’s dividends and 10.3 million shares to increase equity capital from owner’s equity. Customer expansion & cost optimization through solid base of risk management In the first 9 months of 2024, SeABank attracted nearly 430,000 new customers, up 92% from figure of the first 8 months, bringing the total number of customers to nearly 3.6 million. This has resulted from technological investment, increased user experience, and innovative products, thereby creating a distinctive market position for SeABank. Along with that, SeABank’s CIR decreased significantly to 32.54% thanks to the improved operational efficiency and optimized operating costs that resulted from digital transformation. Solid and comprehensive risk management system is maintained, with CAR stayed at 12.85%, higher than Basel III minimum requirement (10.5%). In addition, SeABank ensures safe operations with NPL controlled at 1.87%. Thanks to solid risk management, efficient and stable operations, Moody’s 2024 periodic assessment has maintained SeABank’s Ba3 ratings for important categories with a Stable outlook, implying strong belief in SeABank’s above peer-average capitalization and stable asset quality. SeABank was also honored as "The Risk Management Bank of The Year – Vietnam 2024" by The European Magazine (UK). [Source link ](https://www.prnasia.com/story/archive/4536904_AE36904_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/canadian-solar-and-solarcycle-ink-landmark-cradle-to-cradle-u-s-recycling-partnership/) ## Canadian Solar and SOLARCYCLE Ink Landmark Cradle-to-Cradle U.S. Recycling Partnership GUELPH, ON, Sept. 3, 2024 /PRNewswire/ — Canadian Solar Inc. 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