SeABank targets VND 7,068 billion in profit for 2026, plans 20.5% dividend and capital increase to VND 34,688 billion

In 2025, SeABank recorded positive business performance, maintaining stable growth momentum and successfully achieving its set targets. Notably, the Bank maintained a Ba3 rating for long-term deposits and a B1 Baseline Credit Assessment (BCA) with a Stable outlook, as announced by Moody’s. The continued maintenance of these ratings for four consecutive years reflects its solid financial foundation and effective risk management capabilities. 

Issuance of shares for dividend at 20.5%, raising charter capital to VND 34,688 billion

In the documents submitted to shareholders, SeABank has proposed a plan to issue approximately 583.8 million shares as a dividend to existing shareholders at a ratio of over 20.5%. Accordingly, shareholders holding 100 shares will receive more than 20.5 additional shares. The issuance will be funded from accumulated undistributed after-tax profits as of December 31, 2025, corresponding to a total issuance value of VND 5,838 billion at par value and approximately VND 9,896 billion (based on the market price as of April 1, 2026).

In addition, in 2026, the Bank plans to issue up to 40 million ESOP shares at a price of no less than VND 10,000 per share. The issuance will be targeted at SeABank’s management personnel. This is a regular policy of the Bank, reflecting its recognition and appreciation of long-serving and high-performing employees, while encouraging long-term commitment and dedication, and motivating them to effectively fulfill assigned targets and responsibilities.

Strengthening the Supervisory Board: Enhancing risk management and transparency

In parallel with its strategy to strengthen financial capacity, SeABank plans to submit to the AGM a proposal to elect additional members to the Supervisory Board for the 2023-2028 term, aiming to further enhance its governance and internal control systems.

The nominee for the Supervisory Board is Mr. Nguyen Van Lieu (born in 1969). He holds a Master’s degree in Public Policy (Hitotsubashi University, Japan) and a Bachelor’s degree in Banking (National Economics University, Vietnam), and is a seasoned expert with over 33 years of experience in the finance and banking sector. Throughout his career, he has held various key management positions at major financial institutions, including Head of International Relations Department and Head of International Credit Projects Management Department at the State Bank of Vietnam; Investment Analyst at the representative office of Clearwater Capital Partners; Assistant to the Board of Directors and Head of Risk Management at SeABank; and Head of Legal & Compliance, Risk Management, and Business Ethics at HSBC Vietnam.

The addition of a highly qualified member with in-depth expertise in risk management is expected to strengthen supervisory effectiveness, enhance the independence and transparency of the Supervisory Board, and further improve risk management capabilities in line with international best practices. This also represents an important step for SeABank in reinforcing its “lines of defense” within the risk management framework, ensuring compliance with Basel III standards and establishing a solid foundation for safe growth.

Maintaining stable and sustainable growth

Based on its 2025 business performance and assessments of the 2026 macroeconomic outlook, and in line with its orientation toward sustainable development and maintaining stable and prudent growth, SeABank plans to submit to the AGM for approval its 2026 business plan. Key targets include: pre-tax profit of VND 7,068 billion; total assets growth of 10%; deposit growth of 23%; credit growth of 17%; ROE of 13.0%; and a non-performing loan (NPL) ratio maintained below 3% in accordance with regulatory requirements.

In parallel, SeABank is implementing new strategic directions as part of its comprehensive digital transformation in the next phase of development. Key priorities include the adoption of advanced technologies such as cloud computing, Big Data, artificial intelligence (AI), automation, and API ecosystems. At the same time, the Bank continues to pioneer the implementation of its sustainable development strategy aligned with Environmental, Social and Governance (ESG) principles, prioritizing funding for green and sustainable projects. These efforts aim to achieve its goal of becoming the favorite retail bank, closely associated with community responsibility.

With the key proposals to be presented at the 2026 AGM, SeABank continues to reaffirm its development orientation built on a strong financial foundation, effective governance, and sustainable growth. The simultaneous implementation of capital increase, additional Supervisory Board member election, and the introduction of new growth targets will provide momentum for SeABank to strengthen its market position and deliver long-term value to shareholders, customers, and other stakeholders.