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 move, announced on June 17, 2026, is expected to strengthen the bank'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 amending SeABank's Establishment and Operation License to reflect the new charter capital. The capital rose from VND 28,450 billion to VND 34,288 billion, an increase of VND 5,838 billion. This was executed 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, per SeABank's audited separate financial statements for 2025.
The capital increase aligns with 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 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. With a strengthened financial foundation, SeABank will continue focusing on expanding its retail banking business, accelerating digital transformation, and improving product and service quality to better meet customer needs while delivering sustainable value for shareholders and stakeholders.
