SeABank raises interest rates and extends transaction hour.

According to the newest adjustment, savings interest rate of all terms in VND will increase, namely:

 

Term (month)	Interest rate (% per year)
1	7.20
2	7.80
3	9.12
6,7,9	9.24
12,13,15	9.90
18	9.96
24	10.02

 

Especially, interest rate applied to USD has been remarkably raised, namely:

 

Term (month)	Interest rate (% per year)
1	4.75
2	5.00
3	5.25
6,9	5.50
13	5.75

           

Furthermore, from February 17, 2008, SeABank officially extends transaction hour till 19h00 on every branch all over the country. As a result, transaction hour at all SeaBank branches will be from 7h30 to 19h00 every week day in order to fully meet customers’ demand. Before, SeABank had tested this service at big transaction offices nationwide and gained customers’ appreciation.

SeABank representative informed that SeABank raised savings interest rate and extended transaction hour at all transaction offices of SeABank network so as to get increase both in capital mobilization and competitiveness. This is also a practical deed of SeABank in honour of Lunar New Year as well as to show gratefulness to customers.

As expected, in 2008, SeABank will open 35 transaction places, raising SeABank’s transaction places to 85 all over the country. Besides, SeABank plans to raise chartered capital to VND 5000 billion, total asset to VND 40 000 billion, total outstanding balance to VND 27000 billion, mobilized capital to VND 29500 billion, overdue loan ratio below 0.5% and expected profit is VND 804 billion.