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 boost, from VND 28,450 billion to VND 34,288 billion, was achieved through the issuance of 583.8 million shares to existing shareholders, funded by accumulated undistributed after-tax profits as of December 31, 2025. This move is part of a broader strategy to strengthen the bank's market position and operational resilience.
The State Bank of Vietnam issued Decision No. 1269/QD-NHNN on June 12, 2026, amending SeABank's charter capital information in its Establishment and Operation License. The additional VND 5,838 billion in capital is expected to improve the bank's safety ratios, expand its business scale, and increase investment in technology infrastructure. These enhancements are crucial as the banking sector faces increasingly stringent capital adequacy requirements and the imperative for digital transformation.
The capital increase aligns with the roadmap approved by SeABank's 2026 Annual General Meeting of Shareholders. In the next phase, the bank plans to further raise 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 who meet defined criteria in work performance, professional competence, and commitment to the bank.
With a strengthened financial foundation, SeABank intends 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 while positioning itself for long-term growth in a competitive market.
