Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) has raised its charter capital to VND 34,288 billion, following approval from the State Bank of Vietnam. The announcement on June 17, 2026, is expected to bolster the bank's market competitiveness, improve safety ratios, and expand growth capacity.
On June 12, 2026, the State Bank of Vietnam issued Decision No. 1269/QD-NHNN amending SeABank's Establishment and Operation License to reflect the capital increase. The bank's charter capital rose from VND 28,450 billion to VND 34,288 billion, an increase of VND 5,838 billion. This was achieved by issuing 583.8 million shares to existing shareholders at a ratio of 20.5202%, funded by accumulated undistributed after-tax profits as of December 31, 2025, according to SeABank's audited separate financial statements for 2025.
The capital increase is part of a roadmap approved by SeABank's 2026 Annual General Meeting of Shareholders (AGM). In the next phase, SeABank plans to further increase charter capital by issuing up to 40 million ESOP shares at a price no less than VND 10,000 per share, reserved for management personnel meeting defined criteria in work performance, professional competence, and commitment to the bank.
This capital boost comes amid increasingly stringent requirements for capital adequacy and digital transformation in the banking sector. The additional capital is expected to help SeABank improve safety ratios, expand business scale, and increase investment in technology infrastructure. According to the bank, this lays a stronger foundation for growth in the period ahead.
With a strengthened financial foundation, SeABank will continue focusing on expanding its retail banking business, accelerating digital transformation, and improving product and service quality to better meet customer needs. The bank aims to deliver sustainable value for shareholders and stakeholders.
SeABank's capital increase underscores its commitment to meeting regulatory standards and investing in future growth. The bank's focus on digital transformation and retail banking aligns with industry trends, positioning it to compete effectively in Vietnam's evolving financial landscape.
