SeABank honored in Fortune Southeast Asia 500 ranking

Fortune is the world's leading prestigious multinational business magazine that owns a series of the world's leading prestigious rankings such as: Fortune 500, Fortune Global 500 and Fortune Europe 500. In 2024, Fortune announced the first Fortune Southeast Asia 500 (Fortune Southeast Asia 500 - Fortune SEA 500) to honor the rapid development of businesses in many fields and reflect the impressive growth rate of the Southeast Asia region.

The ranking is based on total revenue with a minimum of 460 million USD, thereby selecting 500 outstanding companies with the highest total revenue from 7 countries in the Southeast Asia region, including 70 enterprises from Vietnam. With revenue reaching 951 million USD in 2023, SeABank was honored to be ranked 40/70 in Vietnam by Fortune Magazine and ranked 287/500 largest enterprises in terms of revenue in Southeast Asia.

Being voted in the Top 500 Largest Enterprises in Southeast Asia has affirmed SeABank's position and prestige at the regional and international levels. At the same time, it shows the effectiveness of a flexible business strategy focusing on retail development, which has helped SeABank maintain stable business results in a volatile economic context. In 2023, SeABank's charter capital increased to VND 24,957 billion, and SSB shares were selected by HOSE to be included in VN30, affirming SeABank's prestige, operational efficiency and financial potential in the financial and banking market. As of December 31, 2023, SeABank is one of the 7 banks with the largest capitalization on the stock market. SeABank also continues to be rated Ba3 by Moody's for key portfolios with a Stable outlook, reflecting the agency's expectation of the Bank's high and improving capital adequacy.

Rapid growth and sustainable business operations have contributed significantly to helping SeABank gain the trust of international financial institutions with investments totaling nearly 600 million USD from many prestigious financial institutions such as IFC, DFC... to optimize the implementation of projects promoting comprehensive finance for small and medium enterprises, women-owned enterprises, green projects and anti-climate change.

In particular, with the achievements in recent years, SeABank was honored to be awarded the First Class Labor Medal by the President and recognized by many international organizations: two consecutive years in the Top 1000 World Banks 2023, Top 100 Most Valuable Brands in Vietnam 2023, Top 100 Sustainable Enterprises in Vietnam... thereby recognizing SeABank's position in the finance - banking industry as well as in the Vietnamese and international markets.

Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with more than 3 million customers, nearly 5,500 employees and 181 transaction points nationwide. SeABank's goal is to become a typical retail bank with a customer-centric strategy by providing a system of diverse financial products and services for individuals, small businesses and large enterprises. SeABank is considered one of the pillars in the banking system with a charter capital of VND 24,957 billion, ranked Ba3 by Moody's in many important categories, and is one of the first banks to implement Basel III international risk management standards.

According to the "Digital Convergence" development strategy, SeABank focuses on digitizing products and services as well as applying technology in internal operations and investing in building modern technology infrastructure to optimize processes, increase operational efficiency, bring customers a different experience of digital banking services, aiming to become the most favorite retail bank.

Source: https://www.congluan.vn/seabank-duoc-fortune-vinh-danh-trong-bang-xep-hang-lan-dau-cong-bo--fortune-southeast-asia-500-post300271.html