HANOI, VIETNAM — Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) has completed a 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 bolster the bank’s market competitiveness, enhance safety ratios, and support future growth.
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 increased from VND 28,450 billion to VND 34,288 billion, a rise of VND 5,838 billion. This was achieved by issuing 583.8 million shares to existing shareholders at a ratio of 20.5202%, funded from accumulated undistributed after-tax profits as of December 31, 2025, according to SeABank’s audited separate financial statements for 2025.
The capital increase is part of a roadmap approved by SeABank’s 2026 Annual General Meeting of Shareholders (AGM). In the next phase, the bank plans to further increase 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.
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. 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. The bank aims to deliver sustainable value for shareholders and stakeholders.
This development comes as Vietnamese banks face pressure to meet higher capital standards under Basel III guidelines and to invest heavily in digital capabilities. SeABank’s capital boost positions it to compete more effectively with larger peers in the retail and SME lending segments.
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