HANOI, VIETNAM - Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) has officially completed its charter capital increase to VND 34,288 billion, following approval from the State Bank of Vietnam. The capital increase, which raised the bank's charter capital from VND 28,450 billion to VND 34,288 billion, is expected to strengthen SeABank's market competitiveness, improve its safety ratios, and expand its growth capacity.
On June 12, 2026, the State Bank of Vietnam issued Decision No. 1269/QD-NHNN regarding the amendment of charter capital information in SeABank's Establishment and Operation License. The capital increase of VND 5,838 billion was carried out through the issuance of 583.8 million shares to existing shareholders at a ratio of 20.5202%, funded by accumulated undistributed after-tax profits as at December 31, 2025, according to SeABank's audited separate financial statements for 2025.
The capital increase is part of the roadmap approved by SeABank's 2026 Annual General Meeting of Shareholders (AGM). In the next phase, SeABank plans to further increase its charter capital through the issuance of up to 40 million ESOP shares at a price of no less than VND 10,000 per share, reserved for management personnel meeting defined criteria in terms of work performance, professional competence, and commitment to the Bank.
In the context of increasingly stringent requirements for capital adequacy and digital transformation, the additional capital is expected to help SeABank improve safety ratios, expand business scale, and increase investment in technology infrastructure, laying a stronger foundation for the Bank's growth in the period ahead. With a strengthened financial foundation following the capital increase, SeABank will continue to focus on expanding its retail banking business, accelerating digital transformation, and improving the quality of products and services to better meet customer needs, while delivering sustainable value for shareholders and stakeholders.
This capital increase positions SeABank to better navigate regulatory requirements and competitive pressures. The bank's ability to raise capital from retained earnings demonstrates financial stability and shareholder confidence. The planned ESOP issuance further aligns management interests with long-term performance. As SeABank invests in technology and retail banking, it aims to enhance customer experience and operational efficiency, which are critical in Vietnam's rapidly evolving banking sector. The strengthened capital base also provides a buffer against economic uncertainties, supporting sustainable growth.
