Creating momentum for development
The State Bank of Vietnam has 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 VND 100 billion, from VND 28,350 billion to VND 28,450 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.
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| SeABank's charter capital increased by VND100 billion, from VND28,350 billion to VND28,450 billion. |
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 operating capital scale, invest in technology to create momentum for sustainable development with a focus on Environment - Society - Governance (ESG).
Stick to a sustainable business strategy
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 VND 28,650 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.
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At the end of the first quarter of 2025, SeABank recorded impressive results with pre-tax profit reaching VND 4,350 billion, an increase of nearly 189% over the same period; total mobilization reaching VND 189,993 billion; total outstanding loans reaching VND 213,048 billion; total assets reaching VND 333,746 billion; total net revenue (TOI) reaching VND 5,820 billion. In addition, the bad debt ratio decreased compared to 2024, at 1.84% thanks to good control of credit risks.
Adhering to the sustainable business strategy, SeABank will continue to effectively use capital to comprehensively consolidate its foundations, thereby enhancing competitiveness and promoting sustainable goals, continuing to move closer to the goal of becoming the most favorite retail bank in Vietnam.
Information about SeABank Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with nearly 4 million customers, nearly 5,300 employees and 181 transaction points nationwide. SeABank's goal is to become a typical retail bank with a customer-centric strategy by providing a diverse system of financial products and services to individuals, small businesses and large enterprises. SeABank is considered one of the important banks in the banking system with a charter capital of VND 28,450 billion, ranked Ba3 by Moody's in many important categories, and is one of the first banks to implement Basel III international risk management standards. According to the development strategy of "Digital Convergence", SeABank focuses on digitizing products and services as well as applying technology in internal operations and investing in building modern technology infrastructure to optimize processes, increase operational efficiency, bring customers a different experience of digital banking services, aiming to become the most favorite retail bank. |
Source: https://congthuong.vn/seabank-chinh-thuc-tang-von-dieu-le-len-28450-ty-dong-390223.html
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