SeABank sets record date for 20.5% stock dividend, raising charter capital to VND 34,688 billion

icon calendar20/05/2026

Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) is preparing to issue over 583.8 million shares to pay stock dividend to existing shareholders at a ratio of 20.5%. At the same time, the Bank plans to issue a maximum of 40 million ESOP shares in 2026. Upon completion of both issuances, SeABank's charter capital is expected to increase from VND 28,450 billion to VND 34,688 billion. The dividend payment and charter capital increase to VND 34,688 billion are part of SeABank's strategy to strengthen financial capacity and supplement medium- and long-term funding, in the context of banks accelerating capital adequacy requirements and expanding investment in digital transformation. The plan was approved by the Bank's shareholders at the 2026 Annual General Meeting and has recently received approval from the State Bank of Vietnam and the State Securities Commission.

Accordingly, shareholders holding 100 shares will receive an additional 20.5 new shares. The record date for receiving the stock dividend is 29 May 2026. The funding source for the issuance comes from accumulated undistributed after-tax profits as of 31 December 2025, with a total par-value issuance of VND 5,838 billion.

Alongside the dividend payment plan, in 2026, SeABank intends to issue a maximum of 40 million ESOP shares at a price of no less than VND 10,000 per share, available to management personnel meeting defined criteria of work performance, professional competency, and level of commitment. The programme aims to recognise the contributions of key personnel while strengthening engagement and creating long-term development incentives for the Bank.

Upon completion of both share issuances, SeABank's charter capital is expected to increase by VND 6,238 billion, from VND 28,450 billion to VND 34,688 billion. This continues to be one of the steps in the Bank's roadmap to enhance financial capacity in order to meet business growth needs, invest in technology, and fulfil risk management requirements in line with international standards.

In recent years, SeABank has consistently pursued charter capital increases to consolidate its financial foundation, improve its Capital Adequacy Ratio (CAR), and expand credit growth capacity. The capital increase enables the Bank to invest more strongly in technology infrastructure, product and service digitalization, and customer experience enhancement, as part of its retail banking development strategy.

According to a SeABank representative, the additional capital raised from the issuances will be used to strengthen financial capacity, improve operational safety indicators, expand business scale, and promote technological investment. The Bank also aims to continue developing sustainably, enhance its competitive position, and create long-term value for shareholders.

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