SeABank Headquarters.
After completing the above two share issuances, SeABank's charter capital will increase by VND3,843 billion, from VND24,957 billion to VND28,800 billion. This plan is part of the capital increase roadmap approved by SeABank's 2024 Annual General Meeting of Shareholders (AGM) and has received written approval from the State Bank. Also according to the approved roadmap, SeABank plans to issue up to 120 million shares in a private placement and/or issue shares to convert debt to continue increasing its charter capital to VND30,000 billion. This plan will be implemented in 2024 or 2025 after the closing date of the list of shareholders entitled to receive shares to pay dividends and shares to increase equity capital from equity. Continuing to supplement charter capital is very necessary and important to achieve SeABank's growth targets in the current period, which is the basis for the Bank to continue to improve its competitiveness, promote the development process, and strengthen its financial capacity. In 2023, SeABank's SSB shares were selected by HOSE to be included in VN30, thereby affirming SeABank's reputation, operational efficiency, and financial potential in the financial and banking market. As of December 31, 2023, SeABank is one of the 7 banks with the largest capitalization on the stock market.| Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with more than 3 million customers, nearly 5,500 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 pillars in the banking system with a charter capital of VND 24,957 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. |
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