🧔♂️ A friendly human may check it before it goes live. More news here
Seabank Indonesia posts 57% profit growth
PT Bank Seabank Indonesia (SeaBank) reported a net profit of 378.8 billion rupiah (US$22.82 million) for 2024, a 57% increase from 241.4 billion rupiah (US$14.54 million) in 2023.
This marks its third consecutive year of profitability.
Total assets grew 22.5% to 34.6 trillion rupiah (US$2.08 billion), with customer deposits at 26.7 trillion rupiah (US$1.61 billion) and total lending at 22.4 trillion rupiah (US$1.35 billion).
The bank maintained a non-performing loan (NPL) ratio of 1.74%, a capital adequacy ratio (CAR) of 30.8%, a return on assets (ROA) of 1.6%, and a return on equity (ROE) of 6.9%.
SeaBank’s customer base expanded from 15 million in October 2024 to 17 million by December 2024. It recorded an average of 4.7 million daily transactions, with a total daily transaction value of around 3 trillion rupiah (US$180.73 million).
Recent SeaBank developments
| Timeline |
|---|
26-Oct-2023 💰 In 50 Words: Aeon Financial to buy SeABank’s lending vertical for $175m
|
24-Oct-2023 🚀 In 50 Words: Qiscus lands $2m from Init 6 for Southeast Asia expansion
|
10-Apr-2023 💰 SeaBank Indonesia posts strong annual profit
|
18-Mar-2022 🏦 How Gojek-backed Bank Jago is taking on Sea, Akulaku’s digibanks
|
| 23-Jul-2021 🏦 Why Indonesia’s tech giants find digital banks irresistible |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.