SeABank awarded Global Transaction Banking Award 2007 by HSBC

Tuesday, May 13, 2008
The Hong Kong and Shanghai Bank (HSBC) recently granted the Global Transaction Banking Award 2007 to South Eastern Asia Commercial Joint Stock Bank (SeABank). Earlier, the local bank received the similar prize from the US Wachovia Bank.

Last year, the international payment revenue of SeABank reached 4.026 trillion dong, rising 213% year-on-year. The figure is estimated at over 20 trillion dong in 2008 while the receivable international payment can reach 30 billion dong.

In 2008, SeABank targets to expand network to 85 transaction offices nationwide, raise the chartered capital to five trillion dong, reach total asset of 40 trillion dong, total outstanding loans of 27 trillion dong, a profit of 852 billion dong and total deposits of 35 trillion dong.