SeABank raises charter capital to $1.3b with central bank approval

The increase came from accumulated undistributed after-tax profits.

Southeast Asia Commercial Joint Stock Bank (SeABank) has increased its charter capital to $1.3b (VND34.288t), with approval from the State Bank of Vietnam (SBV).

SeABank increased its charter capital by $221.82m (VND5.838t), carried out through the issuance of 583.8 million shares to existing shareholders at a ratio of 20.5202%.

The capital increase came from accumulated undistributed after-tax profits as of 31 December 2025.

The additional capital is expected to strengthen the SeABank’s market competitiveness, improve its safety ratios, and expand its growth capacity, according to a statement by SeABank.

This follows after the SBV issued a decision amending SeABank’s charter capital information on 12 June 2026.

SeABank said it plans to further increase its charter capital by issuing 40 million shares at a price of no less than $0.38 (VND10,000) per share.

(US$1 = VND 26,318.01)