HANOI – 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 is expected to bolster the bank's market competitiveness, enhance capital adequacy, and support future growth.
On June 12, 2026, the State Bank of Vietnam issued Decision No. 1269/QD-NHNN amending SeABank's charter capital information in its Establishment and Operation License. As a result, the bank's charter capital rose from VND 28,450 billion to VND 34,288 billion, an increase of VND 5,838 billion. The capital hike was executed by issuing 583.8 million shares to existing shareholders at a ratio of 20.5202%, funded by accumulated undistributed after-tax profits as of December 31, 2025, according to SeABank's audited separate financial statements for 2025.
This capital increase is part of a broader roadmap approved by SeABank's 2026 Annual General Meeting of Shareholders (AGM). In the next phase, the bank plans to further raise charter capital by issuing up to 40 million ESOP shares at a price of no less than VND 10,000 per share. These shares will be reserved for management personnel who meet defined criteria in work performance, professional competence, and commitment to the bank.
The additional capital comes amid increasingly stringent requirements for capital adequacy and digital transformation in the banking sector. For SeABank, the capital injection is expected to improve safety ratios, expand business scale, and increase investment in technology infrastructure. This lays a stronger foundation for the bank's growth in the period ahead.
With a strengthened financial foundation, SeABank will continue to focus on expanding its retail banking business, accelerating digital transformation, and improving product and service quality to better meet customer needs. The bank aims to deliver sustainable value for shareholders and stakeholders.
