At a glance
- Company
- Southeast Asia Commercial Joint Stock Bank (SeABank)
- Ticker
- SSB
- Announcement
- Financing
- Location
- Hanoi, Vietnam
Key figures
- Charter capital after increase
- VND34,688 billion
- Capital raised through ESOP
- VND400 billion
- Shares issued through ESOP
- 40 million shares
- ESOP issue price
- VND10,000 per share
- Employees receiving shares
- 481
- Earlier increase through existing-shareholder issuance
- VND5,838 billion
SeABank completes its 2026 AGM-approved charter capital increase plan. SeABank's charter capital increase was approved by the State Bank of Vietnam (SBV) under Official Letter No. 2370/QĐ-NHNN dated October 28, 2026. Accordingly, SeABank's charter capital has increased from VND34,288 billion (approx. US$1.32 billion) to VND34,688 billion (approx. US$1.33 billion), with an additional VND400 billion (approx. US$15.38 million) raised through a share issuance under the Employee Stock Ownership Plan (ESOP).
The ESOP issuance has been completed, with results reported in August 2026. A total of 40 million shares were successfully issued at a price of VND10,000 (approx. US$0.38) per share to 481 employees with outstanding performance, reaching 100% of the planned issuance volume.
This is SeABank's second capital increase in 2026, completing the plan approved by the Annual General Meeting of Shareholders (AGM). Previously, the Bank increased its charter capital by VND5,838 billion (approx. US$224.5 million) through a share issuance to existing shareholders at a ratio of 20.5%.
The additional capital will provide SeABank with further resources to strengthen its financial foundation, enhance its capacity to meet capital adequacy requirements, invest in technology infrastructure, accelerate digital transformation and expand its operations. This is the foundation for the Bank to enhance its competitiveness, adapt to market fluctuations and pursue its development objectives in the next phase.
Alongside strengthening its financial capacity, SeABank places strong emphasis on developing high-quality human resources to support its long-term development goals. This is the fifth time the Bank has implemented an ESOP, reflecting its recognition of the achievements and contributions of its management team and employees. The program also encourages long-term commitment, improves work performance and fosters a shared commitment to SeABank's growth.
The completion of SeABank's charter capital increase further reinforces its sustainable development orientation, with financial capacity and high-quality human resources serving as two key pillars for improving operational efficiency, enhancing market competitiveness and pursuing safe, efficient and sustainable growth.
Hashtag: #SeABank
The issuer is solely responsible for the content of this announcement.
Questions around this news
What is an employee stock ownership plan (ESOP)?
An employee stock ownership plan is a program through which a company offers or allocates shares to employees, often to recognize contributions and encourage a longer-term connection to the organization. The design varies: eligibility, pricing, vesting conditions and how employees can sell shares depend on the plan’s rules and applicable regulations.
How much did SeABank’s charter capital increase, and who approved it?
The State Bank of Vietnam approved the increase under Official Letter No. 2370/QĐ-NHNN dated October 28, 2026. The release says charter capital rose from VND34,288 billion to VND34,688 billion, with VND400 billion added through an employee share issuance. The bank reported that this completed its 2026 capital-increase plan approved by its Annual General Meeting of Shareholders.
How does SeABank plan to use the additional capital?
The release says the added resources are intended to reinforce the bank’s financial foundation and its ability to meet capital adequacy requirements. It also identifies investment in technology infrastructure, faster digital transformation and business expansion as planned uses. The bank presents stronger financial capacity alongside development of skilled employees as support for its longer-term growth objectives.
What does charter capital mean for a bank?
Charter capital is the capital registered by an organization when it is established, as recorded in its governing documents and under applicable law. For a bank, it is one component of its financial base, but it is not the same as total assets, available cash or regulatory capital, which may be calculated under separate rules.
