Southeast Asia Commercial Bank (SeABank, stock code SSB) announced a pre-tax profit of 4.35 trillion VND for Q1 2025, an increase of 189% year-on-year. The bank’s total assets reached 333.746 trillion VND, up 2.47% compared to the end of 2024. SeABank completed 267% of its Q1 profit plan, with total revenue of 5.82 trillion VND, up 115%. Profit growth was driven by expanding non-credit services and controlling costs. The bank maintained a bad debt ratio of 1.84%, a slight decrease from the previous year. Total deposits reached 189.993 trillion VND, and customer loans stood at 213.048 trillion VND. SeABank collaborated with international organizations to provide capital support to SMEs. By the end of March 2025, total international funding sources amounted to nearly 1.1 billion USD.
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