By the end of the third quarter of 2019, SeABank’s pre-tax profit reached VNĐ683 billion, up 65 per cent over the same period last year. — Photo courtesy of the SeABank HÀ NỘI — According to the State Bank of Vietnam, the banking sector’s business performance in the first nine months of 2019 has been continuously improved with good results in terms of profits and credit growth. Besides such positive indicators, many banks also made a strong impression with significant events. There were many highlights in the performance picture of the credit institution system. Credit continued growing at 8.64 per cent, capital mobilisation increased by 9.03 per cent, while the exchange rate and foreign exchange market were kept stable. Remarkably, non-cash payment activities grew dramatically, as financial transactions via mobile phones increased exponentially with 202 million transactions worth VNĐ2.09 quadrillion (US$88.6 billion). A series of banks were recognised as meeting Basel II standards. Contributing to the whole sector’s achievements, Southeast Asia Commercial Joint Stock Bank (SeABank) has made efforts to complete the database, promote risk management, improve financial capacity, and diversify products and services. One of the services welcomed by customers is free money transfers via electronic banking (SeANet, SeAMobile)…. Read full this story
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