Heaptalk, Jakarta — SeaBank Indonesia managed to hit a 2024 net profit of US$22.8 million or Rp378.8 billion, jumping by 57% in 2023 from US$14.5 million, or around Rp241.4 billion. Incoporated in Shopee ecosystem, the digital bank successfully bags net profit for three consecutives year.
President Director of SeaBank Indonesia, Sasmaya Tuhuleley, stated, “This achievement stems from our commitment to delivering banking services that align with customer needs, supported by sound corporate governance. Our three consecutive years of profitability reflect this disciplined approach.”
Solid performance across other financial indicators reinforces sustained profitability. SeaBank’s total assets grew by 22.5% year-on-year (yoy), reaching Rp34.6 trillion by the end of 2024. Third-party funds (DPK) stood at Rp26.7 trillion, while loan disbursement showed positive momentum, totaling Rp22.4 trillion with a well-controlled non-performing loan (NPL) ratio of 1.74%.
The bank’s Capital Adequacy Ratio (CAR) remained robust at 30.8%, indicating strong capitalization to support future expansion. Additionally, key profitability metrics—Return on Assets (ROA) and Return on Equity (ROE)—were recorded at 1.6% and 6.9%, respectively.
SeaBank also experienced significant customer growth, increasing from 15 million in October 2024 to 17 million by December 2024. The daily transaction volume averaged 4.7 million as of December 31, 2024, with a daily transaction value of Rp3 trillion. This rapid growth highlights rising public confidence and customer satisfaction.
Sasmaya Tuhuleley emphasized, “Our expanding customer base motivates us to deliver the best products and services. This growth reflects society’s trust in SeaBank as their financial partner, and we remain dedicated to providing secure, convenient, and customer-centric solutions.”
