AsemconnectVietnam - With the approval of the State Bank of Vietnam, Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) officially completed the increase of charter capital to VND28,450 billion.

The State Bank of Vietnam issued Decision No. 2206/QD-NHNN dated May 28, 2025 on adjusting the charter capital content on SeABank's Operating License. Accordingly, SeABank's charter capital increased by VND100 billion, from VND28,350 billion to VND28,450 billion through the issuance of shares under the 2024 Employee Stock Ownership Plan (ESOP).
Specifically, SeABank has successfully distributed a total of 10 million common shares with a preferential par value of VND 10,000/share to employees who meet the criteria of seniority, work efficiency, and position group; thereby providing financial benefits and gratitude for the contributions of employees to the development of the Bank.
The capital increase is part of the roadmap approved by the 2024 Annual General Meeting of Shareholders (AGM) and is an important part of SeABank's development strategy, helping the Bank have enough potential and capital to improve safety indicators, supplement the scale of operating capital, invest in technology to create momentum for sustainable development with a focus on Environment - Society - Governance (ESG).
In order to further strengthen financial capacity towards sustainable growth goals, SeABank's 2025 General Meeting of Shareholders approved the plan to continue increasing charter capital to VND28,650 billion. In addition, the General Meeting of Shareholders also approved the policy of offering/issuing individual shares and/or individual shares to convert debt at a maximum rate of 20% of the total number of outstanding shares at the time of offering/issuance. It is known that at the end of the first quarter of 2025, SeABank recorded impressive results with pre-tax profit reaching VND4,350 billion, an increase of nearly 189% over the same period; total mobilization reaching VND189,993 billion; total outstanding debt reaching VND213,048 billion; total assets reaching VND333,746 billion; total net revenue (TOI) reaching VND5,820 billion. In addition, the bad debt ratio decreased compared to 2024, at 1.84% thanks to good control of credit risks.
N.Nga
Source: VITIC/Tinnhanhchungkhoan