ABBank plans to raise charter capital to 20.246 trillion dong and list on HOSE in Q4 2026

ABBank has released materials for its 2026 annual general meeting, including proposals covering its 2026 business plan, profit distribution, a capital increase, and moving its listing from UPCoM to the Ho Chi Minh Stock Exchange (HOSE) in the fourth quarter of 2026.

2026 business targets

ABBank’s 2026 profit plan targets a 28% increase. By end-2026, the bank aims to reach total assets of about 291.0 trillion dong (up 32% year-on-year), customer deposits of about 247.4 trillion dong (up 53%), and outstanding credit of about 138.9 trillion dong (up 9%). The bank also plans to keep the non-performing loan (NPL) ratio below 1.5%.

On profitability, ABBank targets pretax profit of 4.5 trillion dong, up 28% from 2025.

Profit distribution and use of undistributed earnings

In 2025, ABBank recorded after-tax profit of 2.798 trillion dong. After allocating funds to reserves, the bank carried forward 5.126 trillion dong. Together with 2.311 trillion dong carried from previous years, undistributed profits totaled 4.437 trillion dong.

ABBank plans to use 2.096 trillion dong to issue shares to pay dividends at a 15% rate, and to issue ESOP shares at 1% (approximately 193 billion dong). After the distribution, remaining profits are expected to be about 2.149 trillion dong.

The bank said the use of remaining profits and prior-year profits to pay dividends in shares and/or as employee stock awards under an ESOP is intended to increase charter capital while complying with existing regulations.

Capital increase to 20.246 trillion dong

ABBank’s current charter capital is 13.972 trillion dong, after a 30% rights issue to existing shareholders and a 5% ESOP-related issue. This corresponds to nearly 1.4 billion common shares outstanding.

In 2026, ABBank plans to raise an additional 6.273 trillion dong through three issuances, bringing charter capital after the increases to about 20.246 trillion dong.

Phase 1: dividend share issuance (Q3 2026)

ABBank plans to issue nearly 209.6 million shares to pay a 15% dividend, raising 2.096 trillion dong. Implementation is expected in Q3 2026.

Phase 2: rights issue to existing shareholders (Q4 2026)

The bank will offer nearly 321.4 million additional shares to existing shareholders at 10,000 dong per share, raising 3.214 trillion dong. Phase 2 is planned for implementation in Q4 2026, after Phase 1.

Phase 3: ESOP issuance (by end-Q1 2027)

ABBank will issue 96.4 million shares under the ESOP, including more than 77 million shares to employees at 10,000 dong per share (4%), and more than 19 million shares as employee bonuses, funded from undistributed profits (1%). The bank expects to complete Phase 2 and then implement Phase 3 by the end of Q1 2027.

Total incremental capital from the three phases is expected to be more than 964 billion dong.

Use of funds

ABBank stated that proceeds from the share issuances will be used to extend lending to customers. Funds from the rights issue and ESOP are expected to be disbursed in 2027, with priority in Q1–Q2 2027.

Plan to move listing to HOSE

ABBank’s shares have been registered with the Vietnam Securities Depository (VSDC) and have been traded on UPCoM since late 2020. In the context of increasing market transparency and stricter governance standards, the bank said moving to HOSE is necessary and aligned with its strategic development.

Benefits cited by ABBank include: (i) enhanced reputation and standing; (ii) improved transparency and governance standards; (iii) stronger ability to mobilize medium- and long-term funds; (iv) greater appeal to domestic and foreign investors due to liquidity and disclosure quality; and (v) higher shareholder value from improved capitalization and access to quality capital.

ABBank plans to work with an advisory firm and begin collecting information and preparing the listing dossier starting 05/08/2026. The listing filing, defense, and any required explanations are planned for September 2026, with first trading on HOSE expected in Q4 2026.

The bank’s 2026 annual general meeting was scheduled for 28/04 in Hanoi.

Source: VietstockFinance