SeABank officially increased charter capital to VND28,450 billion

The SBV has issued Decision No. 2206/QD-NHNN dated May 28, 2025, approving the amendment of SeABank’s charter capital on its business license. Accordingly, SeABank’s charter capital has increased by VND100 billion, from VND28,350 billion to VND28,450 billion, after successfully issuing shares under the 2024 Employee Stock Ownership Plan (ESOP).

Specifically, SeABank successfully distributed 10 million common shares at a preferential price of VND10,000 per share to employees meeting criteria of seniority, performance, and job titles. This aims to provide financial benefits and express appreciation for the contributions of employees to SeABank’s growth.

The capital increase is part of the roadmap approved by the 2024 Annual General Meeting of Shareholders (AGM), and plays a crucial role in SeABank’s development strategy. It strengthens the Bank’s financial capacity and capital base to improve capital adequacy and risk indicators, expand scale and invest in technology, thereby strengthening the foundation for sustainable growth with a strategic focus on Environmental, Social, and Governance (ESG) principles.

To further strengthen its financial capacity toward sustainable goals, SeABank’s 2025 AGM has approved a plan to increase charter capital to VND28,650 billion. In addition, the AGM also approved the proposal to offer and/or issue private placement of shares, including debt-to-equity swap shares, with a maximum ratio of 20% of the total outstanding shares at the time of issuance.

By the end of Q1/2025, SeABank recorded impressive results with pre-tax profit of VND4,350 billion, up nearly 189% YoY; total customer deposits reached VND189,993 billion; total outstanding balance reached VND213,048 billion; total assets reached VND333,746 billion; total operating income (TOI) reached VND5,820 billion. In addition, the Bank’s non-performing loan (NPL) ratio decreased to 1.84% thanks to effective credit risk management.

Pursuing its sustainable business strategy, SeABank will continue to utilize capital effectively to strengthen its core foundations. This will enables the Bank to enhance market competitiveness and drive sustainable development goals, thus moving towards its vision of becoming the favorite retail bank in Vietnam.