SeABank to pay 20.5% dividend, raise charter capital to 34.688 trillion VND, and target 7.068 trillion VND pre-tax profit in 2026; also to issue ESOP and appoint new Supervisory Board member

SeABank (Southeast Asia Commercial Joint Stock Bank, HOSE: SSB) plans to hold its 2026 annual general meeting in Haiphong on 22 April 2026. Shareholders will be asked to approve several key items, including a dividend-related share issuance, an ESOP issuance to raise charter capital, the appointment of an additional member to the Supervisory Board, and a 2026 pre-tax profit plan of 7.068 trillion VND.

Dividend share issuance and charter capital increase

In the AGM materials sent to shareholders ahead of the 22 April meeting, SeABank proposed issuing 583.8 million shares to pay a dividend to existing shareholders at a rate of over 20.5%. Under the plan, a holder of 100 shares would receive an additional more than 20.5 new shares.

The dividend issuance will be funded from retained earnings as of 31 December 2025. The proposal corresponds to a par value issuance of 5.838 trillion VND and an equivalent value of 9.896 trillion VND, based on the 1 April 2026 market price. The issuance is expected to increase charter capital to 34.688 trillion VND.

SeABank also plans to issue up to 40 million shares under an ESOP in 2026 at a price not lower than 10,000 VND per share. The recipients are SeABank management. The bank described the ESOP as a regular policy to recognize and retain long-tenured and high-performing staff, supporting staff commitment and the achievement of the bank’s targets and tasks.

Additional Supervisory Board member

Shareholders will be asked to appoint an additional member to the Supervisory Board. The nominee is Mr. Nguyen Van Lieu (born 1969), who holds a Master of Public Policy from Hitotsubashi University (Japan) and a Bachelor’s in Banking from the National Economics University.

Mr. Nguyen Van Lieu has more than 33 years of experience in finance and banking, including roles such as Head of International Relations and Head of Management of International Credit Projects at the State Bank of Vietnam; Investment Analysis Specialist at Clearwater Capital Partners; Assistant to the Board and Head of Risk Management at SeABank; and Chief Compliance and Risk Management, Ethics and Business Conduct at HSBC Vietnam.

The bank said the appointment is expected to strengthen monitoring and increase the Supervisory Board’s independence and transparency, enhancing risk governance in line with international practices. SeABank also noted the move as part of improving its “defense line” for risk governance and supporting Basel III standards.

2026 business targets and risk metrics

Based on 2025 results and the macroeconomic outlook for 2026, SeABank plans to present the following 2026 business plan to the AGM: pre-tax profit of 7.068 trillion VND; total assets growth of 10%; mobilization growth of 23%; loan growth of 17%; ROE of 13.0%; and a non-performing loan ratio below 3%.

2025 performance and credit ratings

In 2025, SeABank reported positive business results while maintaining stable growth and meeting its stated targets. Moody’s maintained SeABank’s Ba3 rating on long-term deposits and preserved B1 for the bank’s Baseline Credit Assessment (BCA), with a Stable outlook. The bank said this is the fourth consecutive year it has maintained these ratings, reflecting its financial strength and risk management effectiveness.

Digitization and ESG-aligned direction

SeABank said it is implementing new directions in its comprehensive digitization strategy, focusing on cloud computing, Big Data, AI, automation, and an API ecosystem. The bank also reaffirmed its ESG-aligned growth approach, prioritizing funding for green and sustainable projects as it works toward becoming the retail bank most loved for community responsibility.