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At SeABank’s 2026 annual general meeting (AGM) held on April 22 in Haiphong, Southeast Asia Bank (SeABank, ticker SSB) approved its 2026 business plan with a target pre-tax profit of 7,068 billion dong. The bank also approved a share issuance plan to fund a 20.5% dividend and an ESOP issuance of 40 million shares, aiming to increase its charter capital to 34.688 trillion dong.
Management reported that in 2025, SeABank’s pre-tax profit reached 6,868 billion dong, up 13.73% year-on-year and equivalent to 106% of the plan. Total assets were 396,443 billion dong, up 21.72% and at 111% of the plan.
Key profitability and asset quality metrics included ROA of 1.53% and ROE of 14.62%, with the non-performing loan (NPL) ratio controlled at 2.06%. By end-2025, standalone and consolidated CAR were 13.34% and 13.39%, respectively, among the highest in the banking system.
At the AGM, SeABank’s leadership set 2026 objectives including pre-tax profit of 7,068 billion dong (up 3%), total assets up 10%, mobilized funds up 23%, credit growth up 17%, ROE of 13.0%, and an NPL ratio under 3%.
To strengthen its financial capacity, the AGM approved increasing charter capital to 34.688 trillion dong through two issuances: 583.8 million shares to pay a 20.5% dividend and 40 million ESOP shares for managers. The capital increase is intended to support competitiveness and Basel III capital adequacy, enabling lending expansion, technology investment, and operational activities in 2026.
Moody’s maintained SeABank’s Ba3 long-term deposit ratings and kept its baseline credit assessment (BCA) at B1 with a stable outlook for 2025. The decision marked the fourth consecutive year Moody’s has maintained these ratings, citing solid financial strength and effective risk management.
The AGM also approved changes to the Supervisory Board for 2023–2028. Ms. Vu Thi Ngoc Quynh resigned for personal reasons, and Mr. Nguyen Van Lieu—described as having more than 33 years of experience in finance and banking—was elected to the Supervisory Board.
Mr. Lieu holds a Master’s in Public Policy from Hitotsubashi University and a Banking Degree from the National Economics University. His prior roles include leadership positions at the State Bank of Vietnam, Clearwater Capital Partners, SeABank, and HSBC Vietnam. The governance refresh is expected to strengthen risk oversight, independence, and transparency in line with Basel III standards to support safer growth in 2026.
SeABank was also recognized with awards including The Banker’s World’s Top 1000 Banks 2025 (#708), Fortune Top 500 Southeast Asia (#277), Anphabe’s Best Places to Work in Vietnam, and ESG Business Awards 2025 by ESG Business – Asian Banking & Finance.
The AGM concluded with broad consensus on the bank’s strategy, leadership direction, and ESG-aligned development path, which management said will underpin sustainable growth and strengthening of financial capacity.
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