SeABank assets up for third year in a row

Southeast Asia Commercial Joint Stock Bank (SeABank) has received the third labour medal for its contribution to the State budget.

Deputy Prime Minister Vu Van Ninh said at the award ceremony the bank was stable with good liquidity and was among 1,000 businesses who paid the biggest corporate income tax between 2008-2011.

Its total asset value had increased quickly in the three years with VND55.2 trillion ($2.6 billion) in 2010 and VND101 trillion ($4.8 billion) in 2011. It is expected to reach VND120 trillion ($5.7 billion) this year. The bank is one of the 10 largest joint stock ones in Viet Nam with a charter capital of over VND5.3 trillion ($253 million).

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