AsemconnectVietnam - With the approval of the State Bank of Vietnam, Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) officially completed the increase in charter capital to VND 24,957 billion through the issuance of 42 million shares under the Program.

Employee options (ESOP) in 2023 for more than 2,000 employees who have made many contributions to the bank's development.
The State Bank of Vietnam issued Decision No. 970/QD-NHNN dated May 21, 2024 approving the adjustment of charter capital on SeABank's operating license from VND24,537 billion to VND24,957 billion.
The charter capital increase of VND420 billion was implemented through the issuance of shares under the employee option program (ESOP) in 2023 with preferential prices for more than 2,000 managers and employees who meet the requirements of seniority, work efficiency, and title groups.
According to the plan approved by the 2024 Annual General Meeting of Shareholders, in 2024 SeABank plans to continue to increase capital to VND 30,000 billion by the following methods: Issuing to pay dividends and issuing shares to increase equity capital from equity with a total ratio of nearly 14%; Issuing shares under the employee option program (ESOP) in 2024; Offering shares in private form and/or issuing shares for debt swap.
Continuously increasing charter capital is part of SeABank's long-term development plan, helping the Bank have enough potential and capital to improve capital safety indicators, supplement operating capital scale, and invest in technology, thereby affirming SeABank's reputation, operational efficiency as well as financial potential in the financial and banking market.
N.Nga
Source: VITIC/Tinnhanhchungkhoan