SeABank has a new deputy general director

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Accordingly, SeABank officially appointed Mr. Vo Long Nhi (Andrew Vo) to the position of deputy general director from November 16, 2021.

With this appointment, the Executive Board of SeABank will have 1 general director and 9 deputy general directors.

Mr. Andrew Vo graduated from Simon Fraser University (SFU) in Vancouver, Canada. He has over 20 years of experience in banking, finance and investment and officially joined SeABank in 2015 as Head of Investment Division.

According to SeABank, Mr. Andrew Vo has held many senior positions at large corporations, banks and financial investment funds in other countries such as: Senior Director of VinaWealth Fund Management Joint Stock Company (a member of VinaCapital Group); Honeywell Deputy General Director – VCT (Vietnam); General Director of NextView in Vietnam – a reputable financial services provider from Singapore; Senior advisor at HSBC Bank Canada; Senior Financial Advisor at TD Canada Trust Bank.

In terms of business, SeABank’s third quarter net interest income reached more than VND 1,418 billion, an increase of nearly 90% over the same period in 2020. Except for foreign exchange business, net profit decreased by nearly 58%, reaching 15 percent. 6 billion, the remaining non-interest activities grew by times compared to the same period in 2020.

This bank reported a pre-tax profit in the period of nearly VND 974 billion, double the current level in the third quarter of 2020.

According to the explanation of SeABank, in addition to the increase in profit from most of the business segments, cost control is one of the reasons for this bank’s business results to grow strongly during the period. Specifically, the ratio of operating expenses to total consolidated net revenue reached 35.3%, down 14.5% over the same period.

Accumulating 9 months, SeABank’s net interest income and pre-tax profit reached VND 3,848 billion and VND 2,530 billion, respectively, up 85% and doubled in the first 9 months of 2020.

SSB shares opened on November 22 at 36,750 VND/share. Market capitalization is estimated at more than 49,300 billion VND.

Source: vietnamfinance.vn – Translated by fintel.vn