Southeast Asia Commercial Joint Stock Bank (SeABank) — Cyborg Score 7/10
Strong
Commercial Banking
Strategic Profile
Pursuing the retail banking orientation is SeABank's core development strategy, with special focus on products and services for individual customers, professional households, and small and medium enterprises while maintaining the growth of big corporations. Ranked A for 4 consecutive years by the State Bank of Vietnam, SeABank has been known as one of the fastest growing, and most sustainably developing banks.
Cyborg Score Rationale
In the first 9 months of 2024, SeABank recorded PBT of US$180 million with solid and effective risk management. SeABank adopted Google Cloud as its cloud provider and is the pioneer bank in Vietnam to successfully upgrade core banking software T24 Temenos to R18 version. Strategic investments in sustainable finance strengthen long-term positioning.
Top Insights
IFC is providing a financing package of $150 million to SeABank to catalyze a viable blue finance market and foster green bonds.
AIIB signed a USD75-million financing contract to support green and blue bonds issued by SeABank, marking Vietnam's first blue bond and AIIB's first blue bond investment.
SeABank has chartered capital of VND 12.088 billion, total assets of nearly VND 170 trillion and an operation network with nearly 180 branches and transaction points.
Among 5,200+ employees, nearly 2,900 have over 5 years tenure, demonstrating strong organizational culture and retention policies.
Named Competitors
Commercial Banking — Vietnam's largest commercial bank
Digital Banking & SME Focus — Tech-forward banking services
Banking Services — State-owned major bank
Recent Developments
(February 2026) Launched Lunar New Year 2026 promotion program and celebrated 32nd anniversary with VND 1.2 billion prize value
(January 2026) Implemented large-scale credit card incentive package for Lunar New Year 2026
(September 2024) Moody's maintained Long-term bank deposit rating at Ba3 and BCA at B1
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