AsemconnectVietnam - VietABank (Code: VAB) has just announced that the State Bank has approved the Bank to increase its charter capital in the first phase through issuance from equity capital by a maximum of more than VND2,764 billion.

Although the issuance plan has not been announced in detail, if the plan is successfully implemented, VietABank's charter capital will increase from nearly VND5,400 billion to VND8,164 billion. Compared to the first phase of capital increase plan approved by the General Meeting of Shareholders on April 26, this issuance has reduced the scale by VND87 billion.
Previously, at the 2025 Annual General Meeting of Shareholders, VietABank shareholders approved the plan to increase charter capital from nearly VND5,400 billion to VND11,582 billion, equivalent to an increase of 114% (an additional VND6,183 billion) through three forms of share issuance. Specifically, issuing shares to increase equity capital from equity and reserve funds to supplement charter capital (VND2,851 billion); issuing shares for sale to employees (VND200 billion); issuing shares for sale to existing shareholders (VND3,132 billion).
Accordingly, in the first component, the Bank will issue a maximum of more than 285 million shares with a par value of VND10,000/share, equivalent to a ratio of 52.8% (shareholders owning 100 shares will receive an additional 52.8 new shares).
In the second component, the bank plans to issue 20 million ESOP shares, with an issuance ratio of 3.7% and a total issuance value of VND200 billion. The transfer restriction period is at least one year from the end date of the issuance. The expected completion time of the ESOP program is within 12 months from the date the State Bank and the State Securities Commission approve the ESOP issuance plan.
The third component is to issue more than 313 million shares to existing shareholders, with an exercise ratio of 58% (shareholders owning 100 purchase rights will receive the right to purchase 58 new shares), the expected issuance price is VND10,000/share.
As of the end of March 2025, VietABank's charter capital is at VND5,400 billion, ranking 24th in the industry's charter capital scale ranking.
VietABank's pre-tax profit in the first quarter of 2025 reached VND353 billion, up 42.5% over the same period last year. After-tax profit reached VND292.9 billion, up 44.5%. At the same time, VietABank's total bad debt on the balance sheet decreased by 50.8% to VND536 billion. VietABank also set a pre-tax profit target of VND1,306 billion in 2025, up more than 20% compared to 2024.
As of the end of March 2025, VietABank's total assets reached VND129,046 billion, up 7.7% over the beginning of the year. Outstanding loans reached VND84,910 billion, up 6.3%; customer deposits reached VND93,896 billion, up 4%. However, the rate of non-term deposits (CASA) remains low, around 4.2%. A notable bright spot is the marked improvement in credit quality. Total bad debt on the balance sheet decreased by 50.8%, down to VND536 billion. The bad debt ratio decreased sharply from 1.36% to only 0.63%. The bad debt coverage ratio accordingly increased sharply, from nearly 70% to 150%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan