SeABank to issue a 20.5% stock dividend and up to 40 million ESOP shares

SeABank plans to issue 583.8 million shares to pay a dividend, at a rate of over 20.5%. The funds to implement this come from undistributed after-tax profits accumulated as of 31/12/2025. The total par value of the issue is about 5,838 billion dong, equivalent to nearly 9,896 billion dong at the market price on April 1. In addition, the bank also plans to issue up to 40 million shares under an employee stock option program (ESOP) in 2026, with a minimum price of 10,000 dong per share. The recipients are managerial staff at SeABank. The bank's leadership said this is a regular policy to recognize and retain long-tenured and high-performing staff, thereby encouraging loyalty, dedication, and improved execution of duties. This year, SeABank will hold its annual general meeting of shareholders in Hai Phong on April 22. At this meeting, the bank also plans to propose a plan to appoint additional members to the Supervisory Board for the 2023-2028 term to enhance governance and internal controls. The nominated candidate is Mr. Nguyen Van Lieu (born 1969), Bachelor of Banking (National Economics University), Master of Public Policy (Hitotsubashi University, Japan), with more than 30 years of experience in finance and banking. He has held positions at domestic and international organizations, such as Head of International Relations, Head of Management of International Credit Projects at the State Bank of Vietnam; investment analyst at Clearwater Capital Partners; Compliance and Risk Management Director, business ethics at HSBC Vietnam One Member Limited; Assistant to the Chairman of the Board, Head of Risk Management at SeABank. According to the bank, adding personnel with risk-management expertise will strengthen supervisory effectiveness, enhance the independence and transparency of the Supervisory Board, and improve governance capabilities in line with international practices. This is also a step toward completing SeABank's 'defense line' and meeting Basel III standards, laying the groundwork for safe growth. In 2025, SeABank posted solid growth in business results and met its targets. The bank continued Moody's rating Ba3 for long-term deposits, with B1 for the baseline credit assessment (BCA), with a stable outlook. This was the fourth consecutive year that the bank maintained these ratings. Based on this, SeABank plans to present its 2026 business plan to the AGM with targets: pre-tax profit of 7,068 billion dong; total assets up 10%, deposits up 23%, and lending growth of 17%. The bank also aims to maintain ROE at 13% and keep non-performing loan ratio below 3%. Alongside growth, the bank intends to continue pushing a comprehensive digitalization strategy focusing on cloud computing, big data, artificial intelligence, and an API ecosystem. SeABank also said it will prioritize funding for green projects aligned with its ESG growth strategy, to realize its goal of becoming the most loved retail bank with a commitment to the community. Founded in 1994, SeABank today serves more than 4 million customers, about 5,300 employees, and 181 transaction points nationwide, with charter capital of 28,450 billion dong. The bank positions itself as a retail-focused lender, developing financial products for individuals and enterprises, and promoting digitization to improve operating efficiency and customer experience.