AsemconnectVietnam - Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) plans to hold its 2026 Annual General Meeting of Shareholders in Hai Phong City on April 22, 2026, to present to shareholders several important items such as: issuing shares to pay dividends at a rate of 20.5% and issuing ESOP to increase charter capital to VND34,688 billion, electing additional members to the Supervisory Board, and a pre-tax profit plan for 2026 of VND7,068 billion.

In 2025, SeABank recorded positive business results, maintaining stable growth momentum and achieving its set targets. Notably, Moody's maintained its Ba3 credit rating for long-term deposits and a B1 rating for its baseline credit assessment (BCA) with a Stable outlook. This marks the fourth consecutive year SeABank has maintained these ratings, reflecting its solid financial foundation and effective risk management capabilities.
Issuing shares to pay dividends at a rate of 20.5%, increasing charter capital to VND34,688 billion
In the general meeting documents sent to shareholders, SeABank presented a plan to issue 583.8 million shares to pay dividends to existing shareholders at a rate of over 20.5%. Accordingly, shareholders owning 100 shares will receive an additional 20.5 new shares. The funding for this issuance comes from accumulated undistributed after-tax profits as of December 31, 2025, corresponding to an issuance value at par of VND5,838 billion and equivalent to VND9,896 billion (based on market price as of April 1, 2026).
In addition, in 2026, the Bank plans to issue a maximum of 40 million shares under the ESOP program at a price no lower than VND 10,000 per share. The recipients are management staff at SeABank. This is a regular policy of SeABank demonstrating its appreciation, recognition, and retention of long-serving and high-performing employees, thereby encouraging commitment and dedication; and promoting efforts to achieve assigned goals and tasks.
Strengthening the Supervisory Board: Enhancing Risk Management and Transparency
In parallel with the orientation to strengthen internal financial capabilities, SeABank plans to present to the General Meeting a proposal to elect additional members to the Supervisory Board for the 2023-2028 term to further improve the internal governance and control system.
The candidate nominated for the Supervisory Board is Mr. Nguyen Van Lieu (born in 1969) - Master of Public Policy (Hitotsubashi University, Japan) and Bachelor of Banking (National Economics University), a seasoned expert with over 33 years of experience in the finance and banking sector. During his career, he has held many key management positions at major financial institutions, notably Head of International Relations Department, Head of International Credit Project Management Department at the State Bank of Vietnam; Financial Investment Analyst - Representative Office of Clearwater Capital Partners; Assistant to the Board of Directors, Head of Risk Management at Southeast Asia Commercial Joint Stock Bank; Director of Legal Affairs, Compliance, Risk Management, and Business Ethics at HSBC Vietnam Limited.
The addition of highly qualified personnel with in-depth knowledge of risk management is expected to strengthen the effectiveness of supervision, enhance the independence and transparency of the Supervisory Board, and improve risk management capabilities in accordance with international practices. This is also an important step in helping SeABank complete its "line of defense" in its risk management model, ensuring compliance with Basel III standards and creating a solid foundation for safe growth.
Maintaining Stable and Sustainable Growth
Based on the business results of 2025 and the analysis and assessment of the macroeconomic situation in 2026, with a sustainable development orientation and maintaining stable and safe growth, SeABank expects to submit to the General Meeting of Shareholders a business plan for 2026 with the following targets: Pre-tax profit reaching VND7,068 billion; Total assets growing by 10%; deposit growth of 23%; credit growth of 17%; ROE reaching 13.0%; and non-performing loan ratio controlled according to regulations at less than 3%.
Simultaneously, SeABank is implementing new directions in its comprehensive digitalization strategy for the next phase of development. Key priorities include deploying advanced technologies such as cloud computing, Big Data, artificial intelligence (AI), automation, and an API ecosystem. At the same time, the Bank continues to pioneer the implementation of a sustainable development strategy linked to Environment - Society - Governance (ESG), prioritizing capital for green and sustainable development projects, aiming to realize its goal of becoming the most preferred retail bank with a strong sense of community responsibility.
With the key points expected to be presented at the 2026 Annual General Meeting, SeABank continues to affirm its development orientation based on a strong financial foundation, effective governance, and sustainable growth. Simultaneously increasing capital, electing additional members to the supervisory board, and implementing new growth targets will create momentum for SeABank to enhance its market position and deliver long-term value to shareholders, customers, and stakeholders.
N.Nga
Source: VITIC/Tinnhanhchungkhoan