SeABank successfully held the General Meeting of Shareholders in 2021: Approving the plan to increase charter capital to VND 16,598 billion, profit before tax increased by 40%

With the high consensus of the shareholders, the General Meeting approved the Report of the Board of Directors in 2020 and the operation plan for 2021; Report on business results in 2020 and business plan in 2021; Audited financial statements for 2020.

In 2020, the socio-economic situation faced many difficulties due to the complicated developments of the Covid-19 epidemic, SeABank flexibly implemented many appropriate solutions to maximize support for businesses and people such as restructuring the time limit for debt repayment, exemption and reduction of loan interest, and keeping the same debt group for enterprises in accordance with the policy of the State Bank. At the end of fiscal year 2020, the Bank has completed its business targets with positive results: Profit before tax is nearly VND 1,729 billion, up 24%, completing 115% of the 2020 plan; Total assets VND 180,207 billion, up 14.5%; Total outstanding loans in market 1 reached VND 108,869 billion, up 10.5%; Total mobilization in market 1 reached VND 113,276 billion, up 18%; Net non-interest revenue reached VND 1,522 billion; Effective cost-to-income ratio (CIR) at 47.5%; Return on average assets (ROA) and return on average equity (ROE) were 0.81% and 11.06%, respectively; The bad debt ratio is only 1.86%. SeABank is the 5th bank in Vietnam to complete all 3 pillars of Basel II ahead of schedule, and has been kept its credit rating of B1 by Moody's in 2020.

With the strategy of Digital Convergence, focusing on digitizing products and services as well as internal operations, 2020 marks a remarkable step of SeABank in maximizing convenience for customers in line with banking development. digital banking with the launch of SeAMobile digital bank - Personal financial assistant, unified experience across all electronic devices. SeAMobile is also the only application on the market that features personal financial management and applies artificial intelligence to help customers automatically manage and project their personal finances.

SeABank's contributions to socio-economic development and community have been highly appreciated by the Government, domestic and international organizations with many awards and noble titles with 12 international awards and 22 awards. domestic rewards. For example: Government emulation flag, Vietnam national brand 2020, Top 50 most profitable enterprises in Vietnam 2020, Bank with best customer service in Vietnam 2020, Digital transformation enterprise Excellent, Top 30 Best Technology Application Companies in Asia 2020…

According to the business plan for 2021 approved by the General Meeting of Shareholders, SeABank aims to increase its total assets by 10% to VND 198,229 billion; Deposits from customers increased by 9.7% to 124,277 billion dong; Outstanding loans to customers increased 13% to 122,978 billion dong. Target profit before tax is 2,414 billion dong, up 40% compared to 2020. Bad debt ratio is controlled at 1.76%.

Regarding the plan to increase charter capital in 2021, besides the initial plan to 15,238 billion VND, in order to continue to improve financial potential and also increase benefits for shareholders, the General Meeting of Shareholders agreed to supplement the plan. Issuing an additional 136,000,000 shares to existing shareholders. Accordingly, the charter capital of SeABank will increase to VND 16,598 billion through the following activities: Issuing 110,244,161 shares (equivalent to 9.12%) to pay dividends in shares to existing shareholders. owned; Issuing 136,000,000 shares (equivalent to 11.25%) to existing shareholders; Issuing 23,500,000 shares under SeABank's Employee Selection Program in 2021 (ESOP 2021). At the same time, SeABank plans to issue a maximum of 181,311,631 shares in the form of a private placement of shares to domestic and foreign institutional/individual investors who have financial potential and are eligible to become shareholders. of the bank.

The increase in charter capital helps SeABank increase its financial capacity to expand and develop its network of branches and transaction offices, facilitate business promotion, improve the quality of the Bank's operations, and at the same time help SeABank withstand market fluctuations.

In addition, the General Meeting elected more independent members of the Board of Directors and elected to replace members of the Supervisory Board in order to strengthen the operational capacity of the Board of Directors and the Supervisory Board for the term 2018-2023, improve the effectiveness of management and supervision of the Board of Directors and the Board of Directors. Board of Supervisors of the Bank. Accordingly, the General Meeting approved the number of members of the Board of Directors for the term 2018 - 2023 as 8 members and elected an additional independent member of the Board of Directors, Mr. Faussier Loic Michel Marc - Master of Finance from Paris Dauphine University (France). , has 24 years of experience working in the field of banking itself, risk management, financial consulting at international financial institutions such as Citibank, HSBC. The General Meeting also agreed to elect to replace the member of the Supervisory Board, Mr. Vu Quoc Viet - an accounting bachelor with nearly 30 years of experience in finance and accounting, to replace Ms. Doan Thi Thanh Huong.

In addition, the General Meeting also approved the change of the location of SeABank's head office to the address: No. 198 Tran Quang Khai, Ly Thai To Ward, Hoan Kiem District, Hanoi City. The move to SeABank's new headquarters will take place in 2021 and is part of the bank's long-term development plan to improve the quality of the working environment, providing a modern, professional and innovative space.

At the end of the first quarter of 2021, SeABank's business results also achieved positive results with pre-tax profit of 698.3 billion dong, 2.3 times higher than the same period in 2020. Total assets reached 184,302 billion dong. , up 24%; Customer deposits reached 115,198 billion dong, up 16.8%; Loans to customers also increased 14.3% over the same period, reaching 111,050 billion VND. Besides, the Bank's total net operating income (TOI) also reached VND 1,440 billion, up 48% and Cost to Income Ratio (CIR) was at 40.8% compared to 52.9%. same period in 2020.

In the first quarter, SeABank officially listed and traded on HOSE with the stock code SSB and had consecutive increasing sessions, bringing SeABank's capitalization value into the Top 12 banks with the largest capitalization on the stock market. securities. In addition, SeABank also achieved many important milestones when being evaluated as one of 17 credit institutions with important influence in the banking system in 2021 and for the third consecutive year being rated by Moody's. long-term B1 rating for the 2021 rating period, equivalent to the assessment of stable development prospects.