SeABank Officially Increases Charter Capital to 28,450 Billion VND

The State Bank of Vietnam has approved an increase in SeABank’s charter capital from 28.350 trillion VND to 28.450 trillion VND, raising it by 100 billion VND through the issuance of 10 million employee shares under the ESOP program. This move aims to reward and encourage long-serving employees at the bank. The increase in capital is part of a sustainable development strategy to enhance safety ratios, expand operational capital, and invest in technology. In the 2025 General Meeting of Shareholders (GMS), SeABank plans to further raise its charter capital to 28.650 trillion VND and approve the plan for private share sales to swap debt. By Q1 2025, the bank reported a pre-tax profit increase of nearly 189% year-on-year, reaching 4.350 trillion VND, with total assets amounting to 333.746 trillion VND and a reduction in the bad debt ratio to 1.84%.