The bank will issue shares to existing shareholders at a price of VND 10,000 per share.
After issuing shares, the bank is expected to mobilize more VND 1,442billion. The bank said the deadline for shareholders to decide to buy shares is on December 8.
Governor of the State Bank of Vietnam has just also approved plan to increase the bank’s chartered capital from VND 5,466 billion up to VND 7,688 billion.
For the first nine months of this year, SeABank earned pre-tax profit at VND 408billion, an increase of 79 percent compared to the same period of last year. The bank expects to reach VND 565billion of the 2018 profit, up 48 percent over last year.