Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) announced the successful completion of its charter capital increase to VND 34,288 billion, following approval from the State Bank of Vietnam. The move, effective June 12, 2026, via Decision No. 1269/QD-NHNN, raises the bank's capital from VND 28,450 billion by VND 5,838 billion through the issuance of 583.8 million shares to existing shareholders at a ratio of 20.5202%. The shares were funded by accumulated undistributed after-tax profits as of December 31, 2025, according to audited financial statements.
The capital increase is part of a broader roadmap approved at SeABank's 2026 Annual General Meeting of Shareholders. In the next phase, the bank plans to issue up to 40 million ESOP shares at no less than VND 10,000 per share for eligible management personnel, based on performance and commitment criteria. This phased approach underscores SeABank's strategy to bolster its financial foundation while aligning management interests with long-term growth.
The additional capital is expected to enhance SeABank's market competitiveness, improve safety ratios, and expand growth capacity. In an environment of tightening capital adequacy requirements and accelerating digital transformation, the infusion will support increased investment in technology infrastructure and business scale. The bank aims to focus on retail banking, digital transformation, and product quality to better meet customer needs and deliver sustainable value to shareholders.
SeABank's completion of the capital increase positions it to navigate regulatory demands and competitive pressures more effectively. The strengthened capital base will enable the bank to pursue strategic initiatives, including expanding its retail footprint and enhancing digital services, which are critical for long-term resilience in Vietnam's evolving banking sector.
