Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) has completed its charter capital increase to VND 34,288 billion following approval from the State Bank of Vietnam, the bank announced on June 17, 2026. The move is expected to bolster the bank's market competitiveness, improve safety ratios, and expand its growth capacity.
On June 12, 2026, the State Bank of Vietnam issued Decision No. 1269/QD-NHNN, amending the charter capital information in SeABank's Establishment and Operation License. As a result, SeABank's charter capital increased from VND 28,450 billion to VND 34,288 billion, a rise of VND 5,838 billion. The capital increase was executed through the issuance of 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 the roadmap approved by SeABank's 2026 Annual General Meeting of Shareholders (AGM). In the next phase, the bank plans to further increase its charter capital by issuing up to 40 million ESOP shares at a price of no less than VND 10,000 per share. These shares will be reserved for management personnel who meet defined criteria in terms of work performance, professional competence, and commitment to the bank.
In the context of increasingly stringent requirements for capital adequacy and digital transformation, the additional capital is expected to help SeABank improve safety ratios, expand business scale, and increase investment in technology infrastructure. This lays a stronger foundation for the bank's growth in the period ahead. With a strengthened financial foundation following the capital increase, SeABank will continue to focus on expanding its retail banking business, accelerating digital transformation, and improving the quality of products and services to better meet customer needs, while delivering sustainable value for shareholders and stakeholders.
The announcement underscores the importance of capital adequacy in the banking sector, particularly as Vietnamese banks navigate regulatory pressures and the shift toward digital banking. For the industry, SeABank's successful capital raise signals confidence in the country's banking system and may set a precedent for other banks seeking to strengthen their balance sheets. For readers, this development could translate into more robust banking services and potentially better financial products as SeABank invests in technology and expands its retail operations.
