SeABank Boosts Charter Capital to VND 34,288 Billion to Strengthen Competitiveness and Growth

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 intended 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 charter capital information in its Establishment and Operation License. The charter capital has increased from VND 28,450 billion to VND 34,288 billion, an increase of VND 5,838 billion. According to the announcement, the capital increase 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, based on SeABank's audited separate financial statements for that year.

This 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 by issuing 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 terms of work performance, professional competence, and commitment to the bank.

In the current banking environment, which demands stricter capital adequacy and accelerated digital transformation, the additional capital is expected to help SeABank improve its 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 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.