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South East Asia Bank (SeABank, HOSE: SSB) reported stable first-quarter 2026 results, in line with its annual plan, with key financial indicators remaining within targeted ranges.
In Q1 2026, SeABank recorded pre-tax profit of VND 1,388 billion, reflecting a cautious management approach aligned with the year’s plan and market developments. The bank’s pre-tax profit was about 99% of the plan.
Total operating income (TOI) reached VND 2,914 billion, achieving 108% of the quarterly plan. Net interest income stood at VND 2,413 billion, remaining the main income source, while non-interest income fluctuated with market conditions.
As of 31 March 2026, SeABank’s total assets were VND 403,198 billion. Outstanding loans totaled VND 246,188 billion, indicating a prudent credit growth focus on risk control and asset quality.
Total mobilized funds reached VND 217,863 billion, with customer deposits of VND 185,876 billion continuing to be the main and stable funding source.
Asset quality remained within the target range, with the non-performing loan (NPL) ratio at 2.24%, supported by effective risk management and loan recovery. The bank’s capital adequacy ratio (CAR) stood at VND 41,482 billion, strengthening its financial capacity and solvency.
Service activities grew positively, with net fees and commissions of VND 197 billion, up 12.46% year-on-year.
Operating costs were controlled, with the cost-to-income ratio (CIR) at 32.02%, below the plan, reflecting efforts to optimize operations and improve efficiency.
Overall, the Q1 2026 results show SeABank pursuing a cautious growth trajectory, emphasizing risk controls and efficiency to build a foundation for meeting its 2026 business targets.
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